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Bus Discussion => Bus Topics ( click here for quick start! ) => Topic started by: HighTechRedneck on January 25, 2011, 08:24:39 AM

Title: How to successfully sell a bus
Post by: HighTechRedneck on January 25, 2011, 08:24:39 AM
A couple of recent threads prompted me to think about this.  We often see critiques of buses for sale and of the sellers.  And there have been threads discussing what to consider when looking for a bus to buy.  How about we put together a thread of tips on best practices for selling a bus?  

When the thread has run its course, we'll put it in the technical archive board for easy access. (arguably not technical, but ultimately selling a bus is often an important part of the ownership cycle and is technical in its own way).

I'll kick it off with a few things I tell people setting up classifieds when they ask for tips or seem uncertain, along with other observations:

Title: Re: How to successfully sell a bus
Post by: Eagle Andy on January 25, 2011, 09:34:06 AM
How about some way to determine the value of your Bus some sort of form or apprasiel system. To get a fair price or at least a starting point. Just my thought.
Title: Re: How to successfully sell a bus
Post by: RJ on January 25, 2011, 10:07:33 AM
Mike -

Good Thread!

I'd like to add to the point about having a document ready:


I'd also like to add to the point about photographs:


As you can see, prepping your advertising for selling your coach, if you really want to do it right, takes some time and effort.  The better your homework, the better your chances of making the sale.

Many folk have discovered, it's easy to buy a bus, but very, very difficult to sell a mistake.  Hopefully, this thread's tips will help lead potential buyers to your coach.

FWIW & HTH. . .

;)
Title: Re: How to successfully sell a bus
Post by: artvonne on January 25, 2011, 10:38:44 AM
  I think you hit most of the points. As a buyer, it is amazing to see the number of Buses with no pictures, and even more amazing to not have any provided after asking, sometimes after asking more than once. I dont ask twice anymore, and I dont call back either. Its a buyers market.

 One area I didnt see mentioned, is the relationship sellers could show toward long distant buyers. Whether we are looking at a $4500 Bus, or a $450K Bus, if we are far away, we cant simply stop by and look at your rig. As a seller, anything I ever offered for sale, I am always accomodating to people farther away. Thats not to say I will wait all week for you to get away from work, but if your saying your coming, even if its two or three days out, I will hold it for you. Selling it out from under someone who said they are on their way, after telling them you would hold it, is despicable. Here again, long distance buyers need good pictures. Front to back, back to front, all the nooks and cranies, even a floor plan drawing would be nice. If it has a problem or some issue, show it. tell about it. Its not going to disappear when a prospective buyer shows up, and if they see something obvious you didnt disclose, your going to look like a crook.

 Another thing I would suggest is watching your picture file size. Some of the new digital cameras have resolution so high, one picture can use many megabytes and take a lot of time to load. Put a bunch of these up on a site, and the amount of data can slow the computer to a crawl or freeze it up. If it takes 20 minutes to load and I still cant see anything, I will back out and move on. You should reduce pictures down to no more than 300 kb. If anyone wants higher resolution, we can ask. Remember, even though many of us have high speed connections, not everyone does, and the system does not always operate at high speed when everyone is on it, like after the kids get home from school. Your supposed 5gig speed can be slowed to 300kb/s, or even slower, under high demand.

 Lastly, I would suggest these are like selling a house. The longer they sit on the market, the less interest they get. I look at a lot of Buses, and the longer they are up for sale, the less interest I have. I see an old ad and before I even click I say "that bus again", and pass it by. Much of that is simply from the idea that if the Bus was at all valuable at that asking price, it would have sold already. And the farther away it is, the longer its for sale, the more I start thinking its overpriced or has something wrong with it. I know the market is down, and if your selling you cant be very happy giving away all your time and effort. Some of the rigs up for sale had to cost a fortune to build, and everyone wants to pay peanuts. But thats the market. If I buy your Bus, I will have just as hard a time selling it tomorrow, and probably for less than I would pay today. If you really want top dollar, you need to follow all of this advice. Clean it up, show it off, and start out at a realistic price in todays market.

  Awesome thread, and great timing. Thanks for starting it.
Title: Re: How to successfully sell a bus
Post by: robertglines1 on January 25, 2011, 10:54:12 AM
Difficult subject for me know since it is time to part with the 89. I have a price I need and could ask a much higher price and come down to it. What is wrong with being honest? Guess it is a causality of modern times. Sorry to see it go. Bob
Title: Re: How to successfully sell a bus
Post by: HighTechRedneck on January 25, 2011, 10:57:38 AM
Quote from: artvonne on January 25, 2011, 10:38:44 AM
 Another thing I would suggest is watching your picture file size. Some of the new digital cameras have resolution so high, one picture can use many megabytes and take a lot of time to load. Put a bunch of these up on a site, and the amount of data can slow the computer to a crawl or freeze it up. If it takes 20 minutes to load and I still cant see anything, I will back out and move on. You should reduce pictures down to no more than 300 kb. If anyone wants higher resolution, we can ask. Remember, even though many of us have high speed connections, not everyone does, and the system does not always operate at high speed when everyone is on it, like after the kids get home from school. Your supposed 5gig speed can be slowed to 300kb/s, or even slower, under high demand.

That is another good thing about using Photobucket.  It automatically resizes them down to a friendly size on screen that you can save directly to your computer.  Or you can click the "File" menu above the photo to download the full size photo.  Best of both worlds.

To be fair, most other photo album sites also have that ability.   But there again, several of them make you register or even pay for a membership to do that.  
Title: Re: How to successfully sell a bus
Post by: HighTechRedneck on January 25, 2011, 11:24:16 AM
Quote from: robertglines1 on January 25, 2011, 10:54:12 AM
Difficult subject for me know since it is time to part with the 89. I have a price I need and could ask a much higher price and come down to it. What is wrong with being honest? Guess it is a causality of modern times. Sorry to see it go. Bob

Bob, I sure understand how tough it must be to sell off a beloved bus even when upgrading.  I can't imagine selling mine, a lot of memories and sentimentality in it.

As for the price, I'm not saying make it a much higher price, just leave some room so you can accommodate the buyer that gets satisfaction from negotiating.  In fact you have to be careful not to put it up too high.  Setting the price anticipating negotiation isn't being dishonest, just being prepared.  Negotiating the price in a large sale isn't anything new though.  People have been taking pride in their ability to haggle down the prices of homes and cars for a long time.  Car companies have been building it into their MSRP for 60+ years and it has been a part of land/home sales for centuries.

I sometimes joke that if you offer a gold brick at $5 most buyers will try to talk you down to $4.  They aren't being hostile or confrontational and it has nothing to do with market value at that point.  It is just wired into the way most people think as they approach a large purchase.
Title: Re: How to successfully sell a bus
Post by: luvrbus on January 25, 2011, 11:52:51 AM
Selling a bus can be a nightmare people can drive you nuts wanting photos and details with you knowing they have no interest in buying or the cash nothing wrong with screening people to buy your prized possesion I did that it was between 3 people and I sold to the one I thought would most appreciate my efforts and the best home for it just my way of doing things I know strange huh


good luck
Title: Re: How to successfully sell a bus
Post by: John316 on January 25, 2011, 12:11:40 PM
I think this is one of the best descriptions that is out there. Very tastefully done. Good pictures, and the price is (was?) peanuts.
http://kevinwarnock.com/2011/01/06/1967-mci-5a-challenger-bus-conversion-for-sale/ (http://kevinwarnock.com/2011/01/06/1967-mci-5a-challenger-bus-conversion-for-sale/)


FWIW

God bless,

John
Title: Re: How to successfully sell a bus
Post by: HighTechRedneck on January 25, 2011, 01:25:33 PM
Quote from: luvrbus on January 25, 2011, 11:52:51 AM
Selling a bus can be a nightmare people can drive you nuts wanting photos and details with you knowing they have no interest in buying or the cash nothing wrong with screening people to buy your prized possesion I did that it was between 3 people and I sold to the one I thought would most appreciate my efforts and the best home for it just my way of doing things I know strange huh


good luck

Clifford, that's not strange at all.  You are very respected around the bus nut world and have such an exceptional reputation for your skills and knowledge that it naturally inspires trust, confidence and even expectation in people that your bus would be a true prized possession.  It makes sense that there would be people lining up with interest in buying it. 

That may well be Bob's experience too.  And there are a few other bus nuts that are long term active participants in the online bus nut community here and on BNO, and others that have frequented the rallies and been active members of bus nut clubs for a few years, that have become "known" for their dedication to excellence and good workmanship.  That kind of a reputation makes attracting serious buyers much more probable. 

It makes a good argument for getting involved in the bus nut community early on and building a solid reputation.



Title: Re: How to successfully sell a bus
Post by: bobofthenorth on January 25, 2011, 04:04:27 PM
On the subject of pricing, the first rule of retail is show the price.  When you walk down the aisle at Walmart you don't have to stop a clerk to find out how much that towel is worth.  When you advertise anything you need to put the price on it.  If your price is so far out of line that nobody phones you .... the problem isn't that you put the price in the ad, the problem is the price that you put in the ad.  I've sold a lot of equipment over the years and I tend to advertise it at the top end of what similar equipment is selling for and then stick pretty close to what I asked.  I don't mind taking a "little bit" off to close the sale but we're talking 5% not 15%.  So I guess I agree with Mike's advice to leave a little room but don't leave so much room that you look like a fool.
Title: Re: How to successfully sell a bus
Post by: Cerise on January 25, 2011, 08:08:43 PM
I buy would like to know how to successfully buy one.
Title: Re: How to successfully sell a bus
Post by: oldmansax on January 26, 2011, 05:04:59 AM
Quote from: Cerise on January 25, 2011, 08:08:43 PM
I buy would like to know how to successfully buy one.

That statement here is like throwing red meat to a pack of hungry wolves!!! ;D ;D

You will soon be inundated with PMs & emails from people who have buses for sale, and more discrete, but  hopeful  communications like this one.  ;D ;D

In my case, my MC7 is for sale and the price is, unfortunately for me, "make me an offer"   :( :(

TOM