Selling Your Laptop? What is it Worth?

How Much is Your Laptop Worth?

Obviously you want to get the most money possible when you sell your laptop. You may begin the process of selling your laptop by formulating expectations of what you think your laptop is worth. This process may begin by considering the original purchase price you paid when your laptop was first purchased. You may expect to get a portion of the original purchase price, such as 75%. While this method may seem intuitive, present market conditions may not necessarily dictate your laptop’s current value as a function of its original purchase price.

The main factor determining how much your laptop is worth in present market conditions is buyers. Buyers essentially set the price they are willing to pay for used laptops in off-retail environments. If you set the price of your laptop too high, buyers won’t buy your laptop and you won’t get any money. If you set the price of your laptop too low, your laptop may sell fast, but you’ll lose out on potential earnings. In order to find out what your laptop is really worth, your best strategy is to find out what buyers are currently paying for laptops similar or identical to your laptop.

You may consider browsing websites such as Craigslist, eBay, and other classified websites in order to find out what other sellers are asking for their laptops. However, keep in mind asking prices are only asking prices and do not indicate that an actual sale has taken place. Just because you find another seller asking $500 for a laptop similar to yours, you cannot conclude that buyers are paying $500 for that particular laptop. You must take into account asking prices posted on websites are only asking prices and do not represent real sales that have successfully taken place.

Your best strategy to identify your laptop’s value is to find sources of historical data that represent real and successful sales between private buyers and sellers within a 30-day timeframe. This information may be difficult to find since few websites actually track successful sales of laptops between private buyers and sellers. eBay provides access to completed transaction for eBay members, but the data is often riddled with outliers that makes it difficult to base accurate conclusions.

Where Can You Sell Your Laptop?

eBay, Craigslist, and other classified websites offer the ability to sell items privately either by setting an asking price or through competitive bidding. Some of the sites charge fees to sell your laptop, whereas other sites are free. However, keep in mind online auction sites and classified sites account for almost half of all the scams reported to the FTC each year. By using sites like eBay or Craigslist, you may risk losing your laptop to a scam, getting nothing in return for your laptop. Accepting payment for your item can be the most challenging aspect of the transaction. If you choose to sell your laptop on your own through a website like eBay, be extra careful to avoid scams or getting ripped off.

If you are hesitant to deal with the hassles and risks of selling your laptop on your own, you should consider firms that will ‘buy’ your laptop directly, converting it into cash instantly. Obviously you will get less money for your laptop if you have a profit-driven company ‘buy’ your laptop, converting it into cash instantly. This value and service comes at a cost to you since you are not investing the time and energy into selling your item on your own. Companies like Jay Brokers are essentially pawn shops, converting your laptop into cash instantly.

You should expect to get slightly less cash for your laptop when avoiding the hassles and risks of selling it on your own by using a company like Jay Brokers. At the same time, you can rest assured that you are protected from online scams. You can find companies that will ‘buy’ your laptop directly by searching on Google with terms like ‘sell my laptop’ or ‘sell your laptop.’ Be sure to shop around to get competitive offers and be sure to consider the company’s reputation. Look closely to determine the company’s policy on guaranteeing offers along with the timeframe for receiving payment. If a company cannot guarantee the amount paid to you and the time it takes to send payment is more than 1 business day, you may want to avoid the service.

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