Garage Rat said:
I get lots of calls for $1500.... I'll take 1800 at the first offer but its always 1500...
Not that this applies to your bike (i have no idea about the make or model) but Since I buy lots of bikes, I see the other side of the problem......
The guy has fallen out of love with the bike, it has sat for three years with leaking fork seals, old gas in the tank and the tires are all cracked. The fork oil has fouled the brake pads, and there are a number of small oil leaks peppering the spot in the shed. The bike has had no maintenance for the past 5 years and telling from the amount of sludge buildup around the sprocket, hubs, swing arm and other places, washing has been optional (and forgotten) since he owned it...BUT he saw one just like it in Cafe Racer magazine or on eBay that is $4800. ......
When I go to buy a bike, I add up the cost of all the basic issues to make it a basic runner again. I hate it when the seller quips in "that it just needs the carbs cleaned and it's ready to go". Unfortunately I haven't had success with just washing the outside of the carbs and a bike rumbles to life. It usually involves hours of removing the carbs, fiddling with stripped and corroded bits, plus a major overhaul of the carbs. Then the syncing and tuning starts. This is $500 worth of work. Add in a new battery, oil, ignition kit (plugs, points, condensor), gaskets set, air filter, a new lever for the broken one when it fell over, fuel filters, hoses, fork seals, brake pads, chain, and a set of tires and tubes (whew! That's a lot of labor too). This adds about $1500 to get a running driving motorcycle that will pass a standard vehicle safety. So sometimes a $1500 motorcycle is really a $3000 to $4000 motorcycle in disguise.
Everyone wants to buy a vehicle from me, because I always make sure it's "all done" before I put it up for sale. This usually means that the new owner can enjoy his purchase right a way, instead of having to get elbows deep in basic maintenance before he can go for a ride.
Now, I have no problem paying for quality. I bought a CL360T the other day for full song because other than cracked tires (but they were original), the bike was ready to ride.
I should write a book on how to sell a vehicle but here are some suggestions:
-be honest about its condition and even have an independent survey of what it needs to meet a standard road safety
-be available to answer the phone or email, and send more pictures/ video if it's not in the ad. Why list it for sale and then leave for vacation?
-show the good and the bad about the bike (not shooting the right side of the bike because it has a dent on the tank is not going to fool the buyer when he drives 20miles to see it)
-be prepared to answer the same dumb questions to each caller. You have said it a hundred times but they are just hearing it once.
-if they seem serious, let the buyer know that $XXXX amount of cash in your hand will let the bike go. Sometimes $50 or $100 either way will make a sale or throw in a helmet/ gloves if the buyer is a new rider.
-be prepared to sell the bike. This means emotionally and physically. Emotionally, you are not going to "get around to restoring it" nor will you take that ride up PCH...Physically, have the bike out, cleaned, fueled, aired, and charged. If its in your shed that is lit with a 40watt light bulb, the buyer will either lower his offer for the unknown or walk away.
-be realistic on pricing. Adding up the money you've spent on gas, oil and foam hand grips does not add to the value. However, if you put a $75 seat cover on the bike (a real one not stapled material from Danny's Fabrics) this can add $200 of value to the buyer
Which leads me to my final point:
-doing something poorly is NOT better than just leaving it alone. Painting everything flat black from a spray can (hoses, wiring, carbs) because you saw a movie does not add value- it degrades it. This especially applies to cars where the $99 paint job required $5000 of labor to undo.
I would also add that sellers shouldn't be weary of far-away buyers. I buy a lot of bikes sight unseen from across the country. Paying a shipping company $1000 is sometimes cheaper than going to see the Wrong Bike locally. I bought a great bike for my wife from a guy is Upper Michigan and I still need to pick up a sweet DT360 from Washington (but it's paid for already) from January.