Saturday, March 23, 2013

Planning: Preparing to sell Part 1

We had made a decision to rent our house which meant, all the things in the house had to go.

Deciding what to sell vs keep (to take back home)

What we sold
1) Cars
2) Kitchen appliances (mixie, magic bullet, toaster, grill etc etc)
3) Our beds (we had ikea beds so it was a no-brainer)
4) Old couch
5) hutch china
6) Kids toys
7) Car seats
8) Some decorations etc

What we kept
1) All kitchen utensils + Jars + tupperware
2) Electronics (TV, DVD player, Game consoles)
3) Selected kid toys
4) Clothes
5) Footwear
6) Selected furniture (Study shelfs, some ikea dressers)
7) Washer, Dryer and refrigerator (for the next lessee)

Selling Process:

Cars:
This was the high dollar item, i had a sedan and a SUV to sell. I couldn't sell them too early because i needed the cars till the last day. This is what i did

Checked the blue book value then ...

1) Went to CARMAX to get an appraisal ( usually a lower value)

Advantages: you dont have to repair the dings and scratches or fix anything with the car they take it as is but it is also valued as is. Usually they are the lowest estimate

2) Ad in autotrader (did not work for me ...)

3) Ad in Craigslist (Got more scammers than real folks)

4) Sulekha.com and EkNazar.com (Got some good response)
I got detailing done on the car for pictures to post.

You may not get what you want for the car ... so be MENTALLY PREPARED. Depending on your situation and time you can hold off for the best price but time is never on your side.

I finally sold both the cars to desi folks one was through sulekha and another was through friends.

I did not try E-BAY but have heard it is a great avenue as well.

Rest of the items: Craigslist
Post them early it takes time, when my friend told me this i did not take it seriously. It DOES TAKE TIME.

Things i have observed on Craigslist:
1) There is a buyer for everything provided the price is right (read low price)
2) Weekends were when most sales happened (for obvious reasons ... so post on Friday afternoon that way your post ranks high ...)
3) High dollar items face price resistance (especially above $1000.00 check competition ...)

In the end i did give ways stuff like Bread-maker, mas sager, Christmas decorations etc to my friends.

12 comments:

  1. Awesome Article. Glad that your stuff made it safe and neat to Chennai!! Thank you for sharing your experience here. Was looking for such a latest and detailed article . Good luck!!

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  2. Hello!

    I wanted to first of all say a big thank you for such details. We are relocating to Bangalore and have been debating what to take and not take. (1) Container or not is our biggest, and next is (2) Furniture. Is it ok to contact you via email to get more details?

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  3. Hi Arvind, Thanks for a very informative blog. You've mentioned in this article that you're renting out your house in US. Can you give more details about how you're doing it - are you using a realtor or doing it all on your own - any good sites to manage property, etc. We'd like to rent out our house here in MD and move to India (visit US once a year) and want to know if its feasible.

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  4. Hi Arvind, Very nice blog...we are planning to move to India and have started reading articles but no idea on exactly what it costs in India and here from where to start....etc.

    I have few questions....if you have time to answer that would be great.
    1. At the very beginning of this blog you were discussing about the careers in India. Can you please finish it with the other details.

    2. Now a days there are more big TV's here in USA and also curved....how do they calculate the customs for that...is there a website to check and see the customs duty on these kind of bug TV's. We are planning to bring two.

    3. How can we check if the TV's that we wanted to bring are good candidates to India....? Is there a website we can refer to for all the technical details.

    4. Did you ship all the items with insurance?

    5. Did you research on importing new/used cars from here? What did you find out and why you decided to sell your car instead of importing it?

    Can you please take some time and let me know your response on my questions.

    Thank you.

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  5. Thanks arvind, we also moved from Dallas. Your post was very helpful. We used your advice for packing etc. Went with worldwide4shipping guys from NY, the move was smooth.

    Luckily I had saved our receipts for TVs - so ended up paying customs of about Rs 23,000... with waitage and other charges it came down to Rs 33,000. We had bought 1 new TV + 2 old TVs. As per recent rules found out that it is better to bring new TVs since they are taxed at full price you paid for a used one. Also the new rule is 36% duty on all TVs whether old or new.

    Still need to setup our house. Shopping for electronics... :)

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    Replies
    1. Hello Raj,
      I'm also from Dallas and planning to move back to Bangalore. May i know which city are you in? Wanted to know about schools.
      Thanks in advance.

      Delete
  6. Hello Raj,
    I'm also from Dallas and planning to move back to Bangalore. May i know which city are you in? Wanted to know about schools.
    Thanks in advance.

    ReplyDelete
  7. This is the best article so far i came across regarding R2I...Kudos to the author. I got tons of Info.

    ReplyDelete
  8. Hello,
    Wonderful article. Will definitely be useful to anybody moving to Chennai.
    Thanks,
    Gowri Ramachandran

    ReplyDelete



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  10. wonderful blog on the planning to sell parts and thanks for sharing the blog with us
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