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The Music Room

With all the talk about PayPal and the IRS, I'm considering other ways to sell my unused gear. I've been thinking about The Music Room. I have the system I want and have no need for trade ins. Has anyone else sold items to The Music Room? How was your experience? Did they give you a decent price for your gear (I understand they need to make a profit too). I just don't want any complications come tax season next year...

mewsickbuff
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mapman's avatar
mapman
21,838 posts
 

TMR is a very safe and reliable company to deal with. Much easier and less risky than buying or selling direct with end users. Transacting with a local user usually helps make things easier and more cost effective, but TMR is a good go to in cases where you want the other guy to do all the work and you are willing to pay a reasonable fee for that service.

geof3
1,124 posts
 

I use TMR all the time both buying and selling. While one could loosely argue you might make a bit more selling on Agon or USAM, when you consider ALL the hassle is taken on by TMR in a sale, it becomes much more with the consignment fees they charge. Selling these days is a PITA. Between PayPal’s new policies both effecting sellers and buyers, shipping issues, dishonest people etc. it make the whole selling game not very much fun. I’ve been VERY fortunate that I’ve never had any significant issues as a seller with other members, minor shipping issues and PayPal’s new hold your money policies I’ve had good success. Having said that, for bigger items, they always go through TMR now. Highly recommend 

vernv
59 posts
 

@passfan70 

All you have to do is find the original cost to you and give that receipt to your tax preparer. As long as it is more than your proceeds from the sale it is not considered income. But also most likelt not a deduction for the loss either. Thats why they call it a hobby.

vernv
59 posts
 

@geof3 

Well said and correct. The market will find a way to place a value on items that you want to buy or sell (whether you think it's fair it or not). :-)

Most used items will net you 30% to 50% of retail. Some less than 30% and not many more than 50%.

That is the item value lost by the enjoyment gained from being the first person to open the box.

I have used TMR many times both to buy and sell.

If they give you a cash offer the amount will make sure they can end up with a profit for the sale. For very new gear this might be the best choice.

Also as stated above you can consign to them and you will (possibly) get a little more money for your gear.

I have actually done better just consigning to them but as stated you will have to be patient and not need the money right away.

I give them 10 out of 10 for everything they do and how professional every aspect of the selling process is handled.

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