Family Hay Equipment Appraisal

I want to buy some of my retiring Uncles hay equipment at a fair price for both of us and help him sell some unused equipment he has. I would like to bring in a neutral person with machinery knowledge to assess the equipment and set fair pricing. Does anyone know a machinery apraisal person near Charlotte North Carolina (Dallas NC)? Below is a list of what he has that I am interested in;
540 Hesston Round Baler - good condition, original belts and bearings.
275 John Deere Disc Mower 9' cut - good condition.
55 New Holland Hay rake - very old, allot of wear.
Rossi 4 wheel hay tedder - fair condition.
Thanks for any help and input.
Lincoln
 
Check with a farm auctioneer. Some are certified appraisers, others may just have a good idea of local values.
 
If you have time, use the web and just look around. Craigs list is good for local pricing and ebay will give you a more general idea.
 
Dont use a 'dealer'!Neighboring widow lady had a dealer appraise the equipment after her husband died.All older machinery,nothing fancy.'Valued' it all as if it were sitting on his lot after it had been reconditioned in the shop.Price it all so high that none has sold.Almost 10 years have passed.But she wont budge because the guy said it worth that amount!Talk to your neighbors,friends,the auctioneer.Get an idea.Then make your own decisions.
 
$700 and $1500 are the going rates for most general purpose implements. Dealers pay the 700 and get the 1500. So to answer your question it depends. One on one sales are usually the best for the buyer. However if you are a potential buyer and need something the dealer is usually the place to get it.

Gotta consider they have to find the stuff, sometimes takes a lot of looking, a lot of auctions and all, sometimes fix things broken, meaning they have to find, acquire and pay for the parts and labor, have to have OTR equipment to haul it home, have to pay business overhead and on and on.

I don't begrudge them and have bought and sold a lot through the local after market dealers.

On things like balers, we have a lot of Mexico competition here so they are a little pricy. However, looking at some of the prices folks up in the Northern tier of states some folks are asking, things here are cheap. Condition and popularity usually weigh big in the price.

I guess my answer would be what the buyer is willing to pay and what the seller is willing to take. Nothing like a good "haggling" when you are in the buying mood.

Mark
 
Like already stated look on line. I have used machinerytrader.com before to give me an idea when I have bought stuff. Alot of variables to look at when pricing.
 
Easiest thing for you to do and probably the best thing... is pay what he wants for it or let him sell it elsewhere... provided it's worth to you what he wants. So just do your own research for what used is worth of those models through the various online market books and go from there.

Rod
 
When Pa died 22 yrs ago Mother needed an appraisal done on his farm equip. Went to the local JD dealer where he had bought most of his equip. Owner himself came out and appraised it. No charge! It was his way of saying thanks for all your past business. I should add this is in so. Mn.
 
We had a local dealer do the appraisal on the machinery that was co-owned when my landlord died, and the local stockyards did the livestock. The heirs and I were both happy and we each wrote the checks.
 
My kids will address that one day. One is farm material. The other two aren't. I'm not calling the shots. Will let them work it out for themselves.

But to the commercial normal world, what I said is how it goes around here.

Mark
 
I second the ideas of using tractorhouse.com (to see dealer price) and checking with a local auctionner who does alot of farm equip. sales (to see real price of used equip).
 
Copper Lincoln,

I am a couple of counties over from you, in Davie, between Statesville and Winston-Salem. Here are some estimates based on what I have seen things sell for, what I have given for similar items, etc.

540 Hesston- Two were listed here locally on Craig's List recently. Each seller was asking $5,500 and they looked to be in good condition. Does it have hydraulic or electric twine threader?

275 Disc mower- If in good condition, with a good curtain-$3,500-$5,000.

NH 55 rake- a straight axle rake, if it needs much work-$400-$500 max.

Rossi Tedder- Is it hydraulic fold, manually fold back or up? Configuration makes a lot of difference in price.

Garry
 
You could put it in a consignment sale and buy what you want. I think going by the prices on tractor house is paying too much.
Amish and Mennonites often sell out family farms machinery and furniture this way.
 
why would you do that no good can come of it your just going to cause a lot of problems among your children SETTLE it ahead of time your children may never talk to each other again when all is said and done
 
GOOD appraisers are few and far between. We had a "certified appraiser" come appraise the equipment on mt grandfather's estate. Cost us a grand and his prices were a joke. We finally found out what the items were worth when we took them to a large consignment auction and sold them. He wasn't even close on a single item.

Best bet is to take it all to a consignment sale and let the bidders set the price. You bid on what you want up to what you want to pay for it. If someone else thinks it's worth more, well they get it.

To get a feel for what the items *should* bring, search for them on fleabay under "completed listings". you can also find auction results on auctiontime. a Google search usually brings up auction results for purplewave and proxibid. Location is gonna affect price as well and these results may not be close to you, but they will give you a feel for what things actually sell for.
 
GaryinNC is about right on prices. I buy and sell used farm equipment and I have been to many auctions and bought a lot of farm implements. Use Gary's prices and both you and the seller will be getting a good deal.
 
I thought about that but my wife died in 2010 and her will was made out in '77 when we had 4 kids. Mandated stipulations in that will were totally out of date.

I don't know when I will die and don't know what the world nor my kids will be like then. I am not going to tweak a will ever so often. I am not going to hamstring them. If they don't talk any longer that's not that big of a deal. They don't talk much as it is. Just not a tight family. Besides the place is not made to be broken up. As far as toys and all personal possessions have no idea what will be around here then.

Mark
 

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