LumberJocks

Help me value this lot please

  • Advertise with us

« back to Power Tools, Hardware and Accessories forum

Forum topic by Matt Przybylski posted 02-16-2014 05:51 PM 1006 views 0 times favorited 15 replies Add to Favorites Watch
View Matt Przybylski's profile

Matt Przybylski

465 posts in 1099 days


02-16-2014 05:51 PM

Hey everyone,
I ran across this posting on CL the other day and have been communicating with the guy the past two days. He’s sent me pictures of the power tools and lumber. The power tools are in pretty good condition, look relatively solid but have been used, and the lumber looks great and there is a LOT of it. On top of that I asked about included hand tools and he mentioned there is a bunch of Lie Nielsen chisels, planes, incra measuring devices, etc. It looks like all pretty high-end items and he won’t break it up so I’m considering buying the lot and then reselling what I dont want/need as I know a lot of people have emailed him asking to break it up which he is unwilling to do.

I have a pretty well stocked shop but some of these power tools would be upgrades for sure and I’m willing to bet I can, at the very least, break even if I break up what I don’t want IF NOT even pull ahead and still keep what I DO want to myself.

So, the question is, what would you value this lot at if everything is in good, working order and assuming that the tools run well?

http://milwaukee.craigslist.org/tls/4333251805.html

-- Matt, Illinois, http://www.reintroducing.com


15 replies so far

View TheDane's profile

TheDane

3934 posts in 2384 days


#1 posted 02-16-2014 06:02 PM

Matt—If I had space, I’d be on my way down I-43 right now.

-- Gerry -- "I don't plan to ever really grow up ... I'm just going to learn how to act in public!"

View Matt Przybylski's profile

Matt Przybylski

465 posts in 1099 days


#2 posted 02-16-2014 06:04 PM

Gerry,
That’s pretty much exactly where my head is at right now. I don’t have the space to store everything while I break it up to sell the pieces I don’t want. I’m considering looking into self storage but the issue there of course is that every month I don’t sell it I’m raising the price of the lot and if I have issues moving some of this stuff then I’m spending money needlessly at that point. :\

-- Matt, Illinois, http://www.reintroducing.com

View jterry's profile

jterry

18 posts in 1549 days


#3 posted 02-16-2014 08:19 PM

Yep, $8000. Go for it. With all that it is bound to all work well. Sell off the large items you don’t want or need first. that way the storage can be gotten rid of as soon as possible. I’m betting you can get a good bit ahead with what is listed provided it isn’t all rusty or some silly thing like that.

Let us know what happens.

View Matt Przybylski's profile

Matt Przybylski

465 posts in 1099 days


#4 posted 02-16-2014 08:26 PM

Thanks jterry. I’ve been in contact with some friends who are willing to offer me storage here and there. The plan right now is to put the largest tools in my neighbors garage so I can easily sell those off as fast as possible, then move some smaller stuff into her garage after I sell the larger items and sell THOSE off, and just continue that process. As for the other stuff I don’t personally have room for another friend has offered me his basement as temporary storage until I can make heads or tails of it all. I’m pretty excited and have contacted the seller to see if I can come out and take a look.

The biggest issue now is how in the world I’m going to load/unload/transport 450lb+ machines. Any ideas on how to efficiently do that without breaking my (and my cousin’s) backs?

-- Matt, Illinois, http://www.reintroducing.com

View bowedcurly's profile

bowedcurly

494 posts in 450 days


#5 posted 02-16-2014 08:38 PM

deal of the century, lucky you

-- Staining killed the wood<<<<<>>>>>Dyeing gave it life

View woodchuckerNJ's profile

woodchuckerNJ

892 posts in 355 days


#6 posted 02-16-2014 08:57 PM

I would just hire a rigging company , basement is not a good idea for heavy equip.
You have to get it back up.
Best bet is use the basement for small portable items.
8k is a good price, but you have to be careful , and make sure it’s all in good shape, any dead items can be long term storage until you sell it for parts.

-- Jeff NJ

View Dallas's profile (online now)

Dallas

3102 posts in 1209 days


#7 posted 02-16-2014 09:34 PM

Consider renting a PODS or even buying a used shipping container.

-- Improvise.... Adapt...... Overcome!

View Matt Przybylski's profile

Matt Przybylski

465 posts in 1099 days


#8 posted 02-16-2014 09:36 PM

Dallas, renting a PODS unit is not a bad idea. I would have to see if my neighbor would agree to put it in her driveway though as I don’t have the room for it in mine with 2 cars and my own garage filled with tools :) Thank you for the suggestion, I will look into it.

-- Matt, Illinois, http://www.reintroducing.com

View Skippy906's profile

Skippy906

101 posts in 708 days


#9 posted 02-17-2014 03:27 AM

Can we give him a you suck early?? LOL

-- Making progress

View bowedcurly's profile

bowedcurly

494 posts in 450 days


#10 posted 02-17-2014 02:10 PM

he does suk, he should be ashamed stealing all that stuff, just kiddin, enjoy your find, and make lots of dust

-- Staining killed the wood<<<<<>>>>>Dyeing gave it life

View poopiekat's profile

poopiekat

3710 posts in 2456 days


#11 posted 02-17-2014 03:57 PM

I don’t want to be a downer, but may I present an opposing viewpoint?
Let’s get inside this seller’s head for a minute.
He is banking on an emotional response from potential buyers. The price has been pumped up to within spitting distance of new retail, and he obviously knows where the prices would fall on the used machinery market. What are the chances that ANY individual would need precisely all of the listed machinery? Selling off the things you don’t want from this ensemble is usually a zero-gain proposition. Insisting that the whole lot must be sold in its entirety is another manipulative tactic.

This seller knows what the outcome would be if he consigned this load to an auctioneer or liquidator, who might get a sum in the neighborhood of his asking price, but the auctioneer will pocket perhaps 35% of that for his trouble. The seller may have considered a yard sale, but he knows his expectations are not reasonable pricewise and will be left with a lot of unsold items at the end of the day.

In short, this looks like a gem of a deal, to a savvy seller. Heck, I could post an ad for all machinery, tools and lumber in MY shop for an absolute maximum figure, and start fresh, but I’d be unlikely to find a buyer who has that kind of cha-ching in his pocket, and a sincere interest in every item on the list. You will not get the best end of the deal. To pop off an entire shop for maximum dollar in a single transaction is a seller’s pipe dream.

Best of luck to you, Sir! If it turns out that this is the correct deal for you, we will all rally behind you, I am sure!

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

View poopiekat's profile

poopiekat

3710 posts in 2456 days


#12 posted 02-22-2014 06:22 PM

I see nobody has jumped on this irresistible offer, a whole week later…..

-- Einstein: "The intuitive mind is a sacred gift, and the rational mind is a faithful servant. We have created a society that honors the servant and has forgotten the gift." I'm Poopiekat!!

View jterry's profile

jterry

18 posts in 1549 days


#13 posted 02-22-2014 06:28 PM

We are kind of wondering if it all went down and you are the proud owner of a shop full of tools.

View Matt Przybylski's profile

Matt Przybylski

465 posts in 1099 days


#14 posted 02-22-2014 07:55 PM

lol, I’m going to see him on March 1st. Because he’s 2 hours away and doesn’t live at the property where the shop is located anymore it’s been hard to find a good time to get together. Once I see it on the 1st I’ll make a decision if I’m buying or not and then work out the logistics of getting everything back to my house and somehow storing it properly :)

-- Matt, Illinois, http://www.reintroducing.com

View Bob Current 's profile

Bob Current

351 posts in 339 days


#15 posted 02-22-2014 08:08 PM

I’d check if he is really the owner and if their are any liens. I once had a sail boat that we owned stolen and sold while it was in winter storage. That was before Indiana had boat titles.

-- When you are wrong admit it, when you are right forget it.

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com

Latest Projects | Latest Blog Entries | Latest Forum Topics

GardenTenders.com :: gardening showcase