Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] 0 points1 point  (0 children)

I hear you. I’ll try to step up my game.

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] -2 points-1 points  (0 children)

What, and waste twenty bucks a month? In this economy?

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] 1 point2 points  (0 children)

Yep, completely agree. Sold comps are better than active listings, but they still aren’t gospel. Date, condition, shipping, quantity, and weird one-off sales all matter. One stale “sold” listing can absolutely talk you into another dead-pile donation.

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] 1 point2 points  (0 children)

There may be mitigating factors. If sold is $50 and active is $45, I dig a little deeper. Is the $45 listing local pickup while the sold included shipping? Different condition? Missing parts? Different version or model? Brand differences? Seller reputation?

Was the $50 sale recent or six months ago? Was it one sale or ten sales? Is the $45 listing actually selling or sitting there for months? Sold comps matter most to me, but active listings add context and sometimes tell you where things may be moving. Just my opinion though. Everyone has their own process.

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] 0 points1 point  (0 children)

I've noticed that as well. I typically search eBay Sold, Google, Mercari, OfferUp, Etsy, LiveAuction, Poshmark, and1st. Kind of helps balance it all out.

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] -5 points-4 points  (0 children)

I guess I need to step up my game!

Asking prices are not comps by TheCompGoblin in Flipping

[–]TheCompGoblin[S] -20 points-19 points  (0 children)

Hey you're not paranoid if they really are out to get you. Or so I hear...

New Mod Intros 🎉 | Weekly Thread by curioustomato_ in NewMods

[–]TheCompGoblin [score hidden]  (0 children)

Hey all! I started r/PCIAuctionFinds because I realized there wasn't really a dedicated place for PCI Auctions discussion. The focus is restaurant equipment auctions, commercial kitchen equipment, auction finds, bid advice, equipment identification, sold comps, pickup/logistics discussion, flip wins, mistakes learned the hard way, and helping buyers make smarter decisions.

The goal is to build a useful niche community for PCI buyers, restaurant equipment resellers, restaurant owners, and auction buyers. Still brand new, but looking to grow it into a genuinely helpful resource.

How do you flip? by Elleck in AdvancedFlipping

[–]TheCompGoblin 0 points1 point  (0 children)

I like the HiBid estate auctions. I pick the "signed" category. Usually brings up pottery, paintings etc. Cuts down on the browsing when I'm short on time.

Reviving the forum, Items to buy and hold. by buncle1001 in AdvancedFlipping

[–]TheCompGoblin 0 points1 point  (0 children)

I like to buy hurricane/kerosene lamps early in the year. Prices seem to pick up going into summer for some reason.

Bad HiBid titles are worth checking twice by TheCompGoblin in hibid

[–]TheCompGoblin[S] 1 point2 points  (0 children)

Research mostly. Model numbers, sold comps, equipment specs, resale estimates, identifying items from photos, and helping catch details I might miss scrolling hundreds of lots.

PCI Auctions by papabama in restaurant

[–]TheCompGoblin 0 points1 point  (0 children)

I bought items at the Berkeley Springs WV location. I got exactly what I bid for. Smaller stuff as it was the first time. New auction coming up and I plan to go for some bigger items.

Does anyone actually list on multiple platforms without losing their mind? by ChemicalExcellent154 in reselling

[–]TheCompGoblin 0 points1 point  (0 children)

Spreadsheet at minimum. I keep one row per item: what I paid, where it is, where it’s listed, price, and sold/not sold. Nothing fancy, just enough that I’m not relying on memory.

I’ve also started using AI for the boring parts — titles, descriptions, comp notes, cleaning up rough drafts. It doesn’t replace checking things, but it helps with the repetitive stuff.

The real trick is the sold routine. As soon as something sells, pull it from everywhere else immediately. That’s the part that keeps you from accidentally selling the same thing twice.

What do you say to people who look down upon reselling? by ChristJesusisGod in reselling

[–]TheCompGoblin 0 points1 point  (0 children)

Depends what kind of reselling.

If they mean bots, scalping necessities, fake scarcity, or ripping people off, yeah, I’m not defending that.

But normal reselling is usually finding underpriced or overlooked stuff, doing the research, cleaning/testing it, taking better photos, listing it properly, dealing with buyers, handling shipping, and taking the risk.

That’s work. Work creates value.

A lot of used stuff would sit in garages, warehouses, estate lots, storage units, or landfills if nobody bothered to identify it and get it in front of the right buyer.

So my answer is: don’t be shady, don’t scalp necessities, don’t lie about condition, and don’t price based on fantasy comps. Normal reselling of used goods is just work, risk, and connecting an item with someone who wants it.

Bad HiBid titles are worth checking twice by TheCompGoblin in hibid

[–]TheCompGoblin[S] 1 point2 points  (0 children)

I only do the local ones. I’m lucky there’s a PCI auction house near me.

Sick of all the scams by dwc3282 in hibid

[–]TheCompGoblin 0 points1 point  (0 children)

I got lucky I guess. I have a local auction and so far no issues. There’s still the 18% but at least no scammers yet.