Private Sale. This is maybe the most convenient way to sell your surveying equipment and tools. You can either place an advertisement in newspapers or on online listing sites. If the conditions on the market are good and if there is a high demand for such kind of equipment, the private sale can result in the highest possible return. This is very convenient way of selling your surveying tools, simply because there is no middle man who is controlling the process or determines the price for your equipment. This way you are definitely more motivated to get more for your equipment. But, the private sales may involve more time and money. You will be engaged in many negotiations with potential buyers. Also, the advertisement costs can be quite high. If you lack the necessary negotiation and marketing skills, you may end up with getting less money for your surveying equipment than its real value.
Advantages: no middle man involved in the selling process; no extra commissions paid; potential high price and returns; complete control over the entire selling process.
Disadvantages: more time and effort involved in the selling process; expensive advertizing; increased risk; no guarantees that you will sell the surveying tools at the price you want.
Selling To, Or Contacting Surveying Equipment Dealers. There are certainly many benefits that can be gained by selling your surveying tools to dealers, or allowing them to sell your equipment for you. The dealers certainly understand and know the market better than you; have better connections and know how to best advertise your equipment to get a better price. The dealers of surveying tools can present your equipment in places that are open for public in an attempt to get higher price. But generally, the dealers are only interested in maximizing own profits, and will often give you the lowest possible price to increase own commissions. They are more experienced than you are and can offer potential buyers certain financing options in order to facilitate a sale. But the price will be much lower from what you expect. There can be some hidden costs for other services provided by dealers such as insurance and advertizing.
Advantages: dealers have good knowledge about market conditions and current trends and demand; less effort and time involved in the selling process; more connections.
Disadvantages: high commissions; no guarantees for minimum price; hidden costs.
Equipment Brokers. The equipment brokers have excellent industrial knowledge and know exactly how to get the highest possible price for your surveying tools. They are experienced in sales negotiations, but again, the commissions and the price of your equipment can vary. The commissions and other associated costs, like marketing or advertizing, can be very high.
Advantages: excellent market and industry knowledge; less time required; good connections with many potential buyers.
Disadvantages: high commissions; no guarantees for minimum price; hidden costs.
It is essential to choose the selling option that is right for you. Whether you choose auction, equipment dealers or other selling method, choosing the right one is crucial for getting the best possible price for your surveying or any other equipment.
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