How much do you figure this is worth?

cmdr_foley · 06-12-2009, 07:40 AM

Hi all,

Just purchased a condo and the previous owner wants to sell me his electronics separately. Being a newbie in the home theater world, I thought I'd ask some advice on how much I should offer for this system.

Everything was bought/set up in 2006. All the cables are in wall, throughout the 800 sq ft. loft, even running to speakers in the ensuite bathroom and bedroom on the second floor.

TV: Panasonic TH-42pd50 (42 inch EDTV Plasma)
Receiver: Yamaha RXV-557ti
Surround Sound Speakers: Mirage Nano Sat package. Home theather package includes powered subwoofer , 5 speakers & all brackets.
1 pair of rear speaker stands
Mirage Bookshelf speakers for the loft
Dual voice coil stereo speaker for Ensuite bathroom
Local volume controls for loft & Ensuite
Uf-pro Cantiliver Arm for Plasma Television
Digital interconnect cables for the DVD, Cable box & local source from the office, surge protection for all supplied componets.

He's asking for $10 000 (negotiable). Any help/advice would be appreciated. Thanks!

m_vanmeter · 06-12-2009, 07:53 AM

TV - no real value, EDTV is little more than a flat screen standard definition set (value, tax deduction from Salvation Army store)
Yamaha V557 - decent receiver, component cables for video switching - no HDMI - decent unit, but limited today (new unit with similar specs < $300)
Mirage Nano's are OK for small speakers, from limited description may be too small for the space available. (top end Nanosat 5.1 set - $800 from www.vanns.com)

For $10,000.....RUN, RUN away....do not walk, do not pass GO....try not to laugh in the fellows face (bad form)

If you are even considering spending that kind of money, you can do SO MUCH better buying new today. This is not a valid offer, it is a joke !

tcarcio · 06-12-2009, 08:29 AM

Forget about it. There is a sucker born every minute, don't be that person........Just say NOOOOOOO!

cmdr_foley · 06-12-2009, 08:45 AM

Yeah, his price is meaningless really, I couldn't afford $10K even if the stuff was top of the line! Some people have suggested to me the $3000-4000 range, does that sound like a reasonable offer for this stuff?

m_vanmeter · 06-12-2009, 09:22 AM

$3K to $4K . . . . . NO !

Here is an example of what buying NEW will cost:

42" HDTV - 1080p / 120 Hz = $1,500
Yamaha RX-V665 Receiver = $ 500
Mirage Nano 5.1 = $ 800
Mirage bookshelf speakers = $ 500 (and this is a high value)
extra speakers on stands = $ 600 (again a high value, probably too high)
dual tweeter stereo speaker = $ 75
volume control units (2) = $ 150
cables from Monoprice = $ 100
power conditioner APC H15 = $ 200

Grand total NEW equipment = $ 4,425 and that is high - carefull shopping can lower this total even more

The equipment you are offered is at least 3 years old and all substandard to today's requirements.

If you are a gluton for punishment, offer him $1,000 and he has to take the TV out with him, buy your own new HDTV for $1,500 and you have $2,500 invested in a new HDTV and a so-so home theater audio system.

deadhead68 · 06-12-2009, 09:25 AM

Completely agree with the above replies. In fact, I would propose that he throw his gear in for free so he doesn't have to go through the hassle of dismantling and moving everything.

DeadHead68

Munkey · 06-12-2009, 09:29 AM

Since he tried to pull a fast one over on you, I wouldn't give him a nickel for any of it. Tell him to take it all with him and I'd put a clause in the contract to make sure he leaves the speaker wiring in the walls.

sawzalot · 06-12-2009, 09:31 AM

I agree with everyone else NO WAY 10,000 ergh cough I'm choking on this' in today's real estate dealings a seller would and or should use that as a selling feature as in look what you get if we can close the deal by such and such date, but to ask for that kind of money is off the wall.

m_vanmeter · 06-12-2009, 10:24 AM

and now that we are talking "selling contract", aren't installed items usually considered fixed property and not removable or priced separately. The TV, a/v receiver, and wall mounted speakers are removable property.....the speaker wiring in the walls, volume controls installed in the walls, and the in-ceiling speaker are fixed and installed property and can be assumed to go with the house, just like windows, doors, and all installed electrical wiring is assumed in the selling price. Most standard contracts have language dealing with this issue.

But I do agree with "munkey"....the guy did attempt to screw you with an outrageous price for obsolete equipment......bad form, very bad form.

Scottnot · 06-12-2009, 11:29 AM

Yea, the guy really tried to pull off a screw job.

Stay calm and offer him a cool $1,000.00.
Don't negotiate after that.

Odds are he'll take it.

Munkey · 06-13-2009, 10:14 AM

Quote:

Originally Posted by m_vanmeter

and now that we are talking "selling contract", aren't installed items usually considered fixed property and not removable or priced separately. The TV, a/v receiver, and wall mounted speakers are removable property.....the speaker wiring in the walls, volume controls installed in the walls, and the in-ceiling speaker are fixed and installed property and can be assumed to go with the house, just like windows, doors, and all installed electrical wiring is assumed in the selling price. Most standard contracts have language dealing with this issue.

But I do agree with "munkey"....the guy did attempt to screw you with an outrageous price for obsolete equipment......bad form, very bad form.

I think you're right about fixed property. But my wife used to be a realtor and you'd be suprised what people try to take with them. In this case since the seller brought it up, I'd cover my bases and make sure the contract specifically states that the speaker wiring is left just so when he's pissed off that you didn't fund his brand new home theater system in his new house, he doesn't rip the wiring out just for spite.

oblioman · 06-15-2009, 07:41 PM

If he wishes to sell the condo, tell him to take 10 grand off the selling price if he wishes to leave the sub-standard aud-vid equipment behind.

Loves2Watch · 06-15-2009, 08:52 PM

Quote:

Originally Posted by oblioman

If he wishes to sell the condo, tell him to take 10 grand off the selling price if he wishes to leave the sub-standard aud-vid equipment behind.

Now you're talking...

tRidiot · 06-19-2009, 11:50 AM

Not a chance in hell... as mentioned above, you can do much, much better for around 1/3 of the cost he is asking.

The guy is seriously on crack. I wouldn't even counter-offer him, just say, "No thanks, I'm looking to do something different." If he offers something under $1k, I might consider it at that time, but no way otherwise.

And like others said, you should be insulted he's tried to screw you over. He knows exactly what he's doing, the brand new prices on that stuff wasn't even in the $10k range... he thinks he's found a mark he can hump.

06-12-2009, 07:40 AM	#1
cmdr_foley What is HD? Join Date: Jun 2009 Posts: 2	How much do you figure this is worth? Hi all, Just purchased a condo and the previous owner wants to sell me his electronics separately. Being a newbie in the home theater world, I thought I'd ask some advice on how much I should offer for this system. Everything was bought/set up in 2006. All the cables are in wall, throughout the 800 sq ft. loft, even running to speakers in the ensuite bathroom and bedroom on the second floor. TV: Panasonic TH-42pd50 (42 inch EDTV Plasma) Receiver: Yamaha RXV-557ti Surround Sound Speakers: Mirage Nano Sat package. Home theather package includes powered subwoofer , 5 speakers & all brackets. 1 pair of rear speaker stands Mirage Bookshelf speakers for the loft Dual voice coil stereo speaker for Ensuite bathroom Local volume controls for loft & Ensuite Uf-pro Cantiliver Arm for Plasma Television Digital interconnect cables for the DVD, Cable box & local source from the office, surge protection for all supplied componets. He's asking for $10 000 (negotiable). Any help/advice would be appreciated. Thanks!

06-12-2009, 07:53 AM	#2
m_vanmeter WD4JCM in KY Join Date: Mar 2006 Location: Lexington, KY Posts: 669	TV - no real value, EDTV is little more than a flat screen standard definition set (value, tax deduction from Salvation Army store) Yamaha V557 - decent receiver, component cables for video switching - no HDMI - decent unit, but limited today (new unit with similar specs < $300) Mirage Nano's are OK for small speakers, from limited description may be too small for the space available. (top end Nanosat 5.1 set - $800 from www.vanns.com) For $10,000.....RUN, RUN away....do not walk, do not pass GO....try not to laugh in the fellows face (bad form) If you are even considering spending that kind of money, you can do SO MUCH better buying new today. This is not a valid offer, it is a joke ! Last edited by m_vanmeter; 06-12-2009 at 07:57 AM.

06-12-2009, 08:29 AM	#3
tcarcio High Definition is the definition of life. Join Date: Jan 2007 Location: MA. Posts: 1,634	Forget about it. There is a sucker born every minute, don't be that person........Just say NOOOOOOO! __________________ Pioneer Elite Vsx 81txv as pre amp Behringer EP 2500 for 15'' TC 2000 sonotube Mackie FR2500 for mains Crown XLS 402d for center 2 Crown CTs 600's for surrounds 2 B52 MX1515's for l+R speakers Boston Acoustics VR-12 center Cambridge Soundworks S-300 surrounds x 4 Samsung bd-p1500 BD player Toshiba HD XA2 HD dvd player Optoma HD-72 720p PJ for movies Benq PE-7800 PJ for TV, 106'' screen

06-12-2009, 09:25 AM	#6
deadhead68 Football in HD, mmm good! Join Date: Jan 2006 Location: Crystal Lake, IL Posts: 2,492	Completely agree with the above replies. In fact, I would propose that he throw his gear in for free so he doesn't have to go through the hassle of dismantling and moving everything. DeadHead68 __________________ Toshiba 52HM95 Moto 3416 HD DVR Sony STR-DG810 Receiver Sony DVP-NS77H DVD Denon SYS-76HT Speaker System Harmony 670

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06-12-2009, 08:45 AM	#4
cmdr_foley What is HD? Join Date: Jun 2009 Posts: 2	Yeah, his price is meaningless really, I couldn't afford $10K even if the stuff was top of the line! Some people have suggested to me the $3000-4000 range, does that sound like a reasonable offer for this stuff?

06-12-2009, 09:22 AM	#5
m_vanmeter WD4JCM in KY Join Date: Mar 2006 Location: Lexington, KY Posts: 669	$3K to $4K . . . . . NO ! Here is an example of what buying NEW will cost: 42" HDTV - 1080p / 120 Hz = $1,500 Yamaha RX-V665 Receiver = $ 500 Mirage Nano 5.1 = $ 800 Mirage bookshelf speakers = $ 500 (and this is a high value) extra speakers on stands = $ 600 (again a high value, probably too high) dual tweeter stereo speaker = $ 75 volume control units (2) = $ 150 cables from Monoprice = $ 100 power conditioner APC H15 = $ 200 Grand total NEW equipment = $ 4,425 and that is high - carefull shopping can lower this total even more The equipment you are offered is at least 3 years old and all substandard to today's requirements. If you are a gluton for punishment, offer him $1,000 and he has to take the TV out with him, buy your own new HDTV for $1,500 and you have $2,500 invested in a new HDTV and a so-so home theater audio system.

06-12-2009, 09:29 AM	#7
Munkey High Definition is the definition of life. Join Date: Jun 2006 Posts: 137	Since he tried to pull a fast one over on you, I wouldn't give him a nickel for any of it. Tell him to take it all with him and I'd put a clause in the contract to make sure he leaves the speaker wiring in the walls.

06-12-2009, 09:31 AM	#8
sawzalot HDTV Football=Euphoria Join Date: Dec 2007 Location: Cape May,N J Posts: 524	I agree with everyone else NO WAY 10,000 ergh cough I'm choking on this' in today's real estate dealings a seller would and or should use that as a selling feature as in look what you get if we can close the deal by such and such date, but to ask for that kind of money is off the wall.

06-12-2009, 10:24 AM	#9
m_vanmeter WD4JCM in KY Join Date: Mar 2006 Location: Lexington, KY Posts: 669	and now that we are talking "selling contract", aren't installed items usually considered fixed property and not removable or priced separately. The TV, a/v receiver, and wall mounted speakers are removable property.....the speaker wiring in the walls, volume controls installed in the walls, and the in-ceiling speaker are fixed and installed property and can be assumed to go with the house, just like windows, doors, and all installed electrical wiring is assumed in the selling price. Most standard contracts have language dealing with this issue. But I do agree with "munkey"....the guy did attempt to screw you with an outrageous price for obsolete equipment......bad form, very bad form.

06-12-2009, 11:29 AM	#10
Scottnot Progress Not Perfection Join Date: Oct 2007 Posts: 4,022	Yea, the guy really tried to pull off a screw job. Stay calm and offer him a cool $1,000.00. Don't negotiate after that. Odds are he'll take it.

06-15-2009, 07:41 PM	#12
oblioman OTIS,,me hero Join Date: Jun 2004 Location: Someville TN Posts: 4,563	If he wishes to sell the condo, tell him to take 10 grand off the selling price if he wishes to leave the sub-standard aud-vid equipment behind.

06-19-2009, 11:50 AM	#14
tRidiot High Definition is the definition of life. Join Date: May 2009 Posts: 196	Not a chance in hell... as mentioned above, you can do much, much better for around 1/3 of the cost he is asking. The guy is seriously on crack. I wouldn't even counter-offer him, just say, "No thanks, I'm looking to do something different." If he offers something under $1k, I might consider it at that time, but no way otherwise. And like others said, you should be insulted he's tried to screw you over. He knows exactly what he's doing, the brand new prices on that stuff wasn't even in the $10k range... he thinks he's found a mark he can hump.