Need help with pricing personal property

[tomuchtohandle]

I'm not sure how to price things. The lawyer said go to a second hand store and go off that but they really don't have comparable items. I just don't want to do any thing wrong!! How did some of you do it?

Thanx

[Runnin on empty]

I'm going to be faced with this shortly. If it is things that you won't find at an average thrift store or pawn shop, a lot of members here have suggested using the "what you would pay to buy it right now if it were at someone's garage sale". That being said, you probably don't want to take something very valuable (2 carat diamond ring) and say you'd pay $20 for it, but there is some leeway there. For example, I have a flat-screen TV that I paid nearly $4K for a year ago. The same TV can be had now for a little over $2K brand-new, and I surely wouldn't pay more than $1,000-$1,500 for it.

Also, try to lump things in together. Now is not the time to be prideful about the things you own, and listing things together under a category such as "sporting goods", or "electronics" will go over a lot better than - listing all exercise equipment or each piece of electronics individually.

[whatamess]

I looked on ebay, craigs list, newspaper used sales, & garage sale listings.
I have no idea if I did it right or not. Lawyer never told me how so I just looked for items that were close enough.
WAM

[SinkingFast]

Try eBay, and Yahoo auctions looking for similar items. Goodwill also has an auction section at their website. GW asks base price opens on bigger items like TV's, computers, and furniture.

Check yard sales, garage sales, newspaper ads. Look in 2nd hand furniture stores too.

We pay a minor fortune for many things, buying new, at retail prices. But if we need to resell stuff, it only brings pennies on the $$$ when compared with what we originally paid.