I see this a lot in Bike Forums (I’m not talking about LondonBikers) mostly one-make forums and bike clubs.
They tell you how good their bike is and what mods it has and how well it’s been looked after - fair enough.
Then they say something like "Rare models of Bikes like this normally go for £10,000 second hand but I’d like to give forum members first dibs before I advertise so will accept £9250.
So what do you do? Go to Ebay, MCN , Biketrader etc to see what the going rate is yourself.
Working from a real example I saw today I did just that… 7 ( not that rare then! ) examples of identical specs (same mods, same equipment) came up, the most expensive in a dealer for £9000…with half of the mileage than the one advertised. Private sale (like the seller above) went from £8700 down to £8495…all had less mileage.
So immediately you look like a money grubbing so-and-so trying to pull the wool over buyers eyes by saying
“Rare models of Bikes like this normally go for £10,000 second hand”
No they don’t - they go for £9000, in a dealer with all of the dealer advantages and less miles - for private sellers like you they go for around £8600… not the £9250 you think you can fool us is a “bargain” , letting it have it cheap because we’re use the same forum…
I can guarantee most bikes advertised on a forum are 10% to 15% overpriced IMHO. I very rarely see a bargain - ie something 5% under the going rate…I guess one of the problems is we price it because we have fallen in love with it - and refuse to be realistic about it.
I can’t blame people for trying to get a good price but don’t try and convince us what the going price is, buyers can quickly find out for themselves and you end up looking like a chancer.
Am I wrong?