Good or Bad, Marketplace works...

[tims5842]

Hi,

Just wanted to share my Facebook Marketplace experience. First, I'll start by saying that I'm not a big Facebook fan overall. Just my opinion, but for me that's just a little to much information out there for the general public. That aside, my wife posted our 2005 Class A RV out there last night, and we sold it today. There were multiple people that sent low-ball offers without requesting any additional information aside from what was posted, and 3 people that scheduled to see it; two today, one for tomorrow (now a day too late and cancelled). For us, it worked better than paying $200 for an premier ad on rvtrader, and had a much larger viewing audience than the forums (sorry, but it's true). Now, our RV being a 2005 was in a price point that is reasonable for a larger audience to afford, so it might not work for everything, but it worked for us. Wanted to share for anyone in a similar situation.

 

[Fish]

I got barely any response on facebook marketplace for my Montana so I posted a $5 craigslist ad and sold it the next day.

I've got an rds aux tank/toolbox and a curt 20k 5th wheel hitch on facebook marketplace right now and the chiselers are coming out of the woodwork. Half of the messages are the facebook software Is This Available button. Hell yes it's available dimwit or I'd have taken down the ad.

 

[redbaron]

That was a truly fast sale.

 

[Fish]

I got barely any response on facebook marketplace for my Montana so I posted a $5 craigslist ad and sold it the next day.

I've got an rds aux tank/toolbox and a curt 20k 5th wheel hitch on facebook marketplace right now and the chiselers are coming out of the woodwork. Half of the messages are the facebook software Is This Available button. Hell yes it's available dimwit or I'd have taken down the ad.

Marketplace came through for me this time. Hitch already gone and a guy coming to pick up the tank.

 

[tims5842]

Glad you were able to unload some things.

 

[Texas Clodhopper]

This spring I sold my 2005 Jeep Wrangler on Marketplace for over asking price the first day it was posted. I had 6 showings scheduled but since the first guy offered $1000 more than I was asking and had hundred dollar bills in hand. I met him at my bank later that morning where they verified the bills and did the necessary paperwork and notarizing. I posted around 7 AM and by noon I had the money in my bank account.

I sold an extra Blue Ox towbar a few weeks later but it took two days.

Before listing the Jeep on Marketplace, I listed it for a week on Craigs List with nothing but scammers and lowballers.

 

[marc2912]

This spring I sold my 2005 Jeep Wrangler on Marketplace for over asking price the first day it was posted. I had 6 showings scheduled but since the first guy offered $1000 more than I was asking and had hundred dollar bills in hand. I met him at my bank later that morning where they verified the bills and did the necessary paperwork and notarizing. I posted around 7 AM and by noon I had the money in my bank account.

I sold an extra Blue Ox towbar a few weeks later but it took two days.

Before listing the Jeep on Marketplace, I listed it for a week on Craigs List with nothing but scammers and lowballers.

Crap, I would have never even thought about having someone meet me at my bank for a vehicle sale to verify cash. Smart and a new thing on my list .

 

[Texas Clodhopper]

Crap, I would have never even thought about having someone meet me at my bank for a vehicle sale to verify cash. Smart and a new thing on my list .

My bank and I'm assuming most banks have a counting machine that counts and verifies the bills are authentic. Its a crazy world today.

 

[marc2912]

My bank and I'm assuming most banks have a counting machine that counts and verifies the bills are authentic. Its a crazy world today.

Oh yeah absolutely, I just wouldn't have thought about that and would have just met the guy and taken the cash to the bank later. Hindsight on that is the risk.

 

[tims5842]

The bad thing about selling for cash is that if it's over $10k, the bank gets really nervous about the origin due to reporting regulations. It's not illegal (yet) for you to sell a car for cash, but you might have to make that deposit in increments over time unless the buyer can provide some type of verification on the origin of the funds. It's a crazy world where cash isn't always king anymore.

 

[Texas Clodhopper]

The bad thing about selling for cash is that if it's over $10k, the bank gets really nervous about the origin due to reporting regulations. It's not illegal (yet) for you to sell a car for cash, but you might have to make that deposit in increments over time unless the buyer can provide some type of verification on the origin of the funds. It's a crazy world where cash isn't always king anymore.

My bank had no issues accepting 150 hundred dollar bills. Maybe because I towed the Jeep to the bank, the bank did the notarizing of the paperwork, etc

 

[bpaikman]

I got barely any response on facebook marketplace for my Montana so I posted a $5 craigslist ad and sold it the next day.

I've got an rds aux tank/toolbox and a curt 20k 5th wheel hitch on facebook marketplace right now and the chiselers are coming out of the woodwork. Half of the messages are the facebook software Is This Available button. Hell yes it's available dimwit or I'd have taken down the ad.

That’s not a given. I have to admit I send out a lot of “is this available” because roughly 2/3 were sold weeks ago. Why waste time typing questions for that item, if it’s gone?

 

[marc2912]

I think what we need to remember is this is all VERY market and area dependent. I would say the only easy takeaway from this is if your not getting response on one platform move on.

Also Facebook should require people to respond within 1 biz day to messages and if they don't it should put ads on hold to prevent people just leaving ads up.

 

[Texas Clodhopper]

I took my FB ad down as soon as the deal was completed. I was being inundated with responses so I took the ad down quickly out of convenience on my part.

Some have mentioned scammers, which has become the standard on Craig's List, and fortunately, I didn't get one scammer or low ballers on FB.

 

[bpaikman]

I also might be considered a lowballer ?
But I see prices on the same exact model ranging a span of $100,000 or more BETWEEN asking prices.
I have a general idea of an average covid-price from studying the market..
so if it has been on the market for a while, I just offer what it's worth to me, which is usually 6 to 10% less than their asking. Not only do I have to take into account what repairs I know are needed, I have to consider whether I can actually get the work done in today's labor market.
There's a lot of RVs for sale out there.
I can't blame the owners but I do get a little tired of the greedy ones Who really don't have anything special. (And low mileage is not that special to me on a 7-year-old rv - I can't help it that they didn't use their expensive toy - it's still old and WILL need repairs ?)

 

[Texas Clodhopper]

I was asking $14,000 for my Jeep and sold it for $15,000. I would consider $10,000 a lowball offer.

 

[Jim]

I was asking $14,000 for my Jeep and sold it for $15,000. I would consider $10,000 a lowball offer.

I'm curious, why did he offer 1K more than you were asking?

 

[Texas Clodhopper]

Jeeps are in high demand and this one had less than 47,000 miles. The interior and body were perfect. The buyer was actually a used car dealer and I saw it listed on his website 2 days later for $19,900. I don't know what it sold for but it was marked sold after 3 days. I probably listed it too low but I listed it for what that year Jeeps were selling for but they were always 100,000 miles plus.