UNDERSTAND THE WAYS TO SELL YOUR PIANO
Selling To A Dealer
Pros:
Expert Valuation: M. Steinert, a reputable piano dealer, offers precise valuation due to their extensive knowledge, ensuring a fair selling price.
Efficient Transaction: Selling to M. Steinert streamlines the process, handling paperwork and logistics efficiently.
Professional Removal: Piano store movers ensure secure removal from your location.
Immediate Sale: Selling to a local store leads to instant transactions, expediting the process.
Assumed Moving Cost: Piano stores often cover transportation expenses.
Cons:
Potential Lower Price: Dealers consider profit margins, leading to slightly lower selling prices.
Limited Negotiation: Negotiation flexibility might be less compared to private sales.
Marketing Control: Dealers control marketing, differing from your preferences.
Lower Profit Potential: Piano store sales might yield a lower profit due to their margin.
Selling Privately
Pros:
Higher Selling Price: Private sales allow negotiation for a higher price, especially for exceptional condition or sentimental value.
Personal Interaction: Engage directly with buyers, addressing queries and building rapport.
Wide Exposure: Listing on platforms like e-Bay, Craigslist exposes your piano to many potential buyers.
Negotiable Price: You and the buyer agree on a mutually beneficial price.
Cons:
Time-Consuming: Private sales require effort for listings, responding, viewings, and negotiation.
Uncertain Buyers: Dealing with private buyers carries the risk of unreliable or unqualified individuals.
Market Expertise: Successful private sales demand understanding of piano market, pricing, and negotiation.
Commission Fees: Online platforms typically deduct a 3% commission.
Limited Valuation: Online buyers may inaccurately assess piano value.
EASY THREE STEP SELLING PROCESS
1. Check Eligibility
Are you in the Greater Boston area and have a quality used piano?
Is it one of these:
Steinway & Steinway-Designed (Boston/Essex): Last 40 years (see how old is my Steinway?)
Yamaha, Kawai, Samick: Last 20 years
European Brands (Schimmel, Bechstein, Bosendorfer, Bluthner): Last 30 years
2. Fill Out The Piano Evaluation Form
3. Receive Your Offer
M. Steinert & Sons will evaluate and offer (or decline.)
FACTORS TO CONSIDER WHEN SELLING
Brand: The reputation and legacy of the piano's manufacturer significantly impact its value. Brands like Steinway & Sons, Yamaha, Kawai, and other respected names often command higher prices in the market.
Age: The piano's age plays a crucial role in its valuation. While some older pianos can retain value, newer models might be more sought after due to modern advancements in design and technology.
Condition: The overall condition of the piano, including its internal components and external appearance, greatly affects its value. Well-maintained pianos with minimal wear and tear generally command better prices.
Market Demand: The current demand for specific piano brands and models in the market influences their resale value. Popular brands and styles that are in high demand among buyers tend to fetch higher prices.
REASONS PEOPLE MIGHT SELL THEIR PIANO
Lifestyle Changes: As people transition to smaller living spaces, such as apartments, they might opt to sell their piano due to limited room availability.
Financial Constraints: Some individuals may need to sell their piano to address unexpected financial challenges or to allocate resources to other priorities.
Shift in Music Interest: A change in musical preferences or a shift in focus towards other instruments or genres can prompt the decision to sell a piano.
Upgrading Instruments: Selling a piano could be part of upgrading to a higher-quality instrument or a different type of keyboard, especially for those pursuing advanced musical studies.
Renovation or Remodeling: During home renovations or remodeling projects, individuals might sell their piano to create space or avoid potential damage.
Decluttering: As part of simplifying living spaces and reducing clutter, individuals might decide to sell a piano that no longer aligns with their lifestyle.