How much less expensive are used goods new goods?

Pricing your pre-Lovd goods can feel overwhelming if you’re not familiar with common secondhand price points. Did you know that most experts recommend pricing used goods at 50% of their market value?

There’s a few important steps you’ll want to consider when deciding your sale price:

• Check the current retail price - if the exact model and make is selling brand new, what would be the price?
• Research the competition - is the item listed secondhand elsewhere? Also check on Lovd and make your item stand out by having the lowest price!
• Remember to stay flexible - Lovd gives users the opportunity to make offers based on what they can afford and think the item is worth.
• Would you pay that price - if you were buying the same item, would you pay what you’re asking?

Remember, there’s no correct price for pre-Lovd goods, only what someone is willing to pay.

Keep reading to see individual categories.

Tech

According to an article by Apartment Therapy, near-new items should be priced at 50% of the retail price, slightly used items at 25-30% of the retail price, and well-worn items at 10% of the retail price.

It’s important to remember how quickly tech is updated and can become irrelevant. If the item you’re selling is a recent model, you’ll be able to ask a higher price, but with older models, you’ll need to adjust your price in order to sell.

Check the retailer’s own website to see the price for new and refurbished models. Then take time to evaluate the condition of your tech: are there any major scratches or dents, does it work perfectly or are there any issues the buyer should be aware of that may devalue the item, is it a rare or unique model, etc.

And finally, are you including any accessories? If you are, do these come standard with the item (charging cable) or do they often cost extra (game controllers, headphones, etc.).

Home & Kitchen

Home and kitchen items need even more flexibility than tech.

Appliances can be priced similarly to tech, but it is often difficult to find comparisons for items like kitchenwares, decor, and art. If you’re looking to sell items like that and you can’t find a similar listing online, think about whether or not the item could be found at a local thrift store and what the price would be there. Is there something about your item that makes it unique or special? Otherwise, it may not belong on Lovd and might be worth donating to a local non-profit.

Vintage, rare, or unique home goods and kitchen items tend to be more valuable. For example, if you have vintage pyrex or a rare designer lamp, you can price it higher.

Kids & Baby

Experts recommend pricing these items at 1/3 to 1/4 their original price. With that in mind, you can consider how in-demand your item is at the time. Outdoor play items and things that aren’t typically given during a baby shower can have a higher demand on secondhand marketplaces.

When pricing kids & baby stuff, it can be especially helpful to check and see if there are other people selling the same or similar items.