LumberJocks

I am selling my entire home shop

  • Advertise with us

« back to Woodworking Trade & Swap forum

Forum topic by BlackRock posted 04-09-2020 03:35 PM 2648 views 0 times favorited 52 replies Add to Favorites Watch
View BlackRock's profile

BlackRock

4 posts in 53 days


04-09-2020 03:35 PM

SOLD

Over the last 20 years I’ve built my home shop and happily completed hundreds of projects for friends, family, and myself. I actually used this site many times for inspiration and information for some of my projects.

Unfortunately, a few years ago I developed mold and dust allergies (among many others) that have made woodworking impossible without wearing a full respirator. Therefore, I am reluctantly at the point where I have to give up my woodworking hobby.

Everything is single phase 110V or 220V in excellent working condition. All the Delta and Powermatic equipment is heavy-duty steel and cast iron. The major equipment is from the 1980s through 2000s.

As my uncle has been a woodworker his entire life, he always told me when I buy used equipment that the a fair price for used equipment is approximately 2/3 the price of new. I decided to list everything at 60% of new.

Below are the major items in my shop. A detailed spec sheet with model #s, pricing, and photos can be seen at https://imgur.com/a/GmUFnf7.

As the shop has been sitting idle for the past 2 years as I couldn’t get myself to list it for sale, there is some minimal surficial rust on the cast iron. I am in the process of cleaning each piece of equipment and should have everything in excellent shape in the next week or so. I’ll be adding more images of all the accessories as I clean everything.

I am going to try to sell the entire shop together for a few weeks before I sell individual equipment.

If I do sell individual equipment, I would like to sell the accessories with each tool as a package. The tablesaw was the focal point of my shop and has the most accessories. It’s also one of the few large items I bought new (with receipt) as the Delta representative in New Jersey lived a few minutes from my house and personally delivered the saw to my doorstep.

Delta X5 Left-tilt 3HP Unisaw with Biesemeyer Fence & Built in Router Table with Router
Delta DJ-20 8” Jointer
Powermatic Combination Belt and Disc Sander with Built-In Dust Collector
Delta Drill Press 16 1/2”
Delta DC-33 Planer
Delta 14” Band Saw
Ridgid Oscillating Edge Belt/Spindle Sander
Porter-Cable 7 Amp Plate Joiner Kit
Ridgid Flip Top Portable Work Support (x2)
Penn State Industries Heavy Duty Dust Collection System
Delta 3-Speed Ambient Air Cleaner with Remote Control and Timer
Leigh D4 Dovetail Jig
Porter Cable 6.0-Amp Hand Planer
1 Box of Assorted Quick-Release Toggle Clamps

I’m in Nazareth Pennsylvania.


52 replies so far

View WoodenDreams's profile

WoodenDreams

1038 posts in 647 days


#1 posted 04-09-2020 04:07 PM

Too bad your not closer to South Dakota, I’m looking for extra equipment.

View CaptainKlutz's profile

CaptainKlutz

3027 posts in 2231 days


#2 posted 04-09-2020 08:14 PM

Nice collection. Sorry to hear can no longer use it. :(

Prices are not something I would be interested in paying in my local area?

- Delta 13” planer parts are almost impossible to find as the size has become an albatross in market. Be very lucky to get $400 in my area. Although I really like the cart with rollers!

- Will get a decent 50% of retail price for DJ-20 as used parallel bed jointers are sort of rare, as long as it was not Brazil made Invicta with zero parts available.

- Accessories are really lucky to sell for 40% of new when sold separately. Selling as package will result is prices of 10-20% of new. So asking 60% makes the overall lot way too expensive.

- Anytime an older Unisaw is posted on my CL for over $1200, it sits unsold for months – regardless of how many accessories are included. Average selling price for Unisaw has been ~$800 lately. The big issue is market is flooded with Unisaw from commercial operations where insurance carriers require latest safety features (sawstop). It’s been tough last two year for used Unsiaw prices in south west US.

Know you want to maximize your selling price, sorry if the above is depressing.

Best Luck with sale.

-- If it wasn't for bad luck, I wouldn't have no luck at all, - Albert King - Born Under a Bad Sign released 1967

View BlackRock's profile

BlackRock

4 posts in 53 days


#3 posted 04-10-2020 12:12 PM

Wow! I’m not sure why you felt the need to poison my post based on your local pricing/buying experience in the southwest. The Philadelphia, New Jersey, New York, Baltimore/DC area is quite different.

View ChefHDAN's profile

ChefHDAN

1603 posts in 3586 days


#4 posted 04-10-2020 01:23 PM



Wow! I m not sure why you felt the need to poison my post based on your local pricing/buying experience in the southwest. The Philadelphia, New Jersey, New York, Baltimore/DC area is quite different.
- BlackRock

Actually, Cap’n is right on the nose with his comments, you’re a reasonable drive away from me and I looked through everything when you first posted but didn’t reply as I do believe you’re asking pretty high I’m shopping for an 8” jointer and I have been seeing them in the $500 $600 range

-- I've decided 1 mistake is really 2 opportunities to learn.. learn how to fix it... and learn how to not repeat it

View Madmark2's profile

Madmark2

1277 posts in 1325 days


#5 posted 04-10-2020 01:30 PM

Rule of thumb for used is 1/2, not 2/3. 60% of list is high in any area.

IRS straight line depreciates capital equipment over 20 years. Technically the resale on tools older than 20 years is nil.

Sell it for what you can get, but 60% of list isn’t going to get you lots of bites.

-- The hump with the stump and the pump!

View JackDuren's profile

JackDuren

1153 posts in 1696 days


#6 posted 04-10-2020 01:41 PM

Where all the tools bought new?

View HorizontalMike's profile

HorizontalMike

7867 posts in 3650 days


#7 posted 04-10-2020 02:07 PM

Before any of us start inferring that a 50% of new price is the fair price, PLEASE remember that you should “start” with what the new price is “as of today”, and not what it was way back when originally purchased.

For example:
Currently at Acmetools.com a 10In 3HP Unisaw with 36In Biesemeyer Fence is listed at $2,649.99

https://www.acmetools.com/shop/tools/delta-36-l336

And that suggested 50% of “NEW” price, comes in at $1,324.95 making the OP’s “asking price” of $1,099 sound quite fair at JUST 41% of NEW price.
Just saying…

-- HorizontalMike -- "Woodpeckers understand..."

View LeeRoyMan's profile

LeeRoyMan

1067 posts in 463 days


#8 posted 04-10-2020 02:18 PM

I don’t think the prices are that far off. Maybe a tad high on accessories.
The tools look to be in great shape.
I always try to sell something for what I think it’s worth. I have never tried the ” % of ” method. Makes no sense.
The tool is worth what you can sell it for.
I think you’re at a good starting point,
and with the willingness to negotiate you’ll have no problems getting them sold.

-- I only know what I know, nothing less, nothing more -- That doesn't count what I used to know..

View JackDuren's profile

JackDuren

1153 posts in 1696 days


#9 posted 04-10-2020 02:25 PM



I don t think the prices are that far off. Maybe a tad high on accessories.
The tools look to be in great shape.
I always try to sell something for what I think it s worth. I have never tried the ” % of ” method. Makes no sense.
The tool is worth what you can sell it for.
I think you re at a good starting point,
and with the willingness to negotiate you ll have no problems getting them sold.

- LeeRoyMan

That’s all one Can do is try a price and see what happens. I’ve had those Kreg clamps of nine for sale for Some time now. You want them you pay for them. They work just fine in my tool collection.

Some of the tools are high. I have some of the tools listed..The DC-33 is way too high, but who knows it may be worth it to somebody. Just have to wait and see…

View BigAl98's profile

BigAl98

226 posts in 3776 days


#10 posted 04-10-2020 03:05 PM

I’m from the NJ/Pennsylvania area and you seem very optimistic on prices…but its a strategy, start high and work your way down. It just takes more patience than most have. Wood working in the metro areas is a dying hobby from my experience (evidenced by lack of woodworking stores), however the density of the population is higher. And its always supply and demand, I would guess demand is way down now. If you get Amish/Mennonites interested, they are notorious bargainers. In the end I’m sure you’ll be selling for lower some items, as you get sick and tired of doing it.
Good luck!

-- Al,New Jersey -To thine own self be true

View Albert's profile

Albert

541 posts in 4326 days


#11 posted 04-10-2020 03:16 PM

Prices are ALWAYS too high unless you’re selling then they are ALWAYS too low.

View GR8HUNTER's profile

GR8HUNTER

7431 posts in 1449 days


#12 posted 04-10-2020 03:36 PM

i dont think the prices are that high here in this area the thing that turned me off was have to buy the whole shop :<((

-- Tony---- Reinholds,Pa.------ REMEMBER TO ALWAYS HAVE FUN

View Madmark2's profile

Madmark2

1277 posts in 1325 days


#13 posted 04-10-2020 04:17 PM

BigAl98: Amish/Mennonite don’t use anything but hand, water, or animal powered tools. They tend to make their own tools from scratch. Not much of a market there except for chisels, planes, and hammers. Certainly nothing with a cord on it.

-- The hump with the stump and the pump!

View John_'s profile

John_

250 posts in 2442 days


#14 posted 04-10-2020 04:18 PM

You can always start high and come down, but it’s kind of hard to raise the price….

What I usually do when selling something on craigslist or whatever is start out with what I would like to get for the item (actually a little higher to allow some wiggle room) and then I make it clear to any interested party that I will be dropping the price by ‘X’ amount every week until it is sold. Works for me, but your mileage may vary king of thing

View BlackRock's profile

BlackRock

4 posts in 53 days


#15 posted 04-10-2020 04:31 PM

I will clarify that the 2/3 of new rule of thumb was something that is extremely relevant when attending auctions/estate sales.

One great thing about being self-employed living in the northeast is that there are always auctions/estate sales with woodworking equipment. Over the last 20 years I was constantly buying and selling to upgrade my equipment when the opportunity arose. Most people don’t go to these auctions because many times they are on a weekday morning. The people that do show up tend to be serious bidders and it’s easy to get into a bidding war if the equipment is in good condition.

More often than not, the equipment listed for sale is incomplete with little to no pictures available before the day of the auction. When you get to an auction, you need to assess everything and come up with a fair price. Once the auction starts, it’s very important to know how high to bid if multiple people are bidding.

So to clarify, my pricing is based on my history of buying and selling as I was upgrading my shop. The definition of a “fair” price can differ greatly based on whether you are the buyer or seller.

I will add that I have a few people who are supposed to be coming over to look at the whole shop in the next week or so. If that falls through, then I will separate the equipment for sale. I was initially looking to sell everything separately but with the whole Covid-19 pandemic, I thought it would be in my best interest to attempt to sell it all together to limit unnecessary exposure to other individuals.

showing 1 through 15 of 52 replies

Have your say...

You must be signed in to reply.

DISCLAIMER: Any posts on LJ are posted by individuals acting in their own right and do not necessarily reflect the views of LJ. LJ will not be held liable for the actions of any user.

Latest Projects | Latest Blog Entries | Latest Forum Topics

HomeRefurbers.com