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Raleigh Technium 700 C on Craigslist, good price for flip or way too much?

Classic and Vintage Bicycles: Whats it Worth? Appraisals. Use this subforum for all requests as to "How much is this vintage bike worth?"Do NOT try to sell it in here, use the Marketplaces.

Raleigh Technium 700 C on Craigslist, good price for flip or way too much?

Old 02-02-13, 12:17 AM
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Raleigh Technium 700 C on Craigslist, good price for flip or way too much?

Saw this on Craigslist over the last month or so & thought the guy was nuts or the price would drop. The seat looks like a POS cruiser, the chain is hanging & looks rusty, the skewers don't match & the bar wrap looks bad. Then I saw another Technium listed for alot more & a listing here for a Technium frame for $30 as a very good buy so maybe this guy isn't as far off the mark as I thought.
Is $110 a good price to make a profit after adding proper seat & restoration or if too much what would be a good offer?
"Raleigh Technium 700 C medium style frame 110 dollars good condition rides fine needs a fitted seat post ..needs 1 inner tube call or text "
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Old 02-02-13, 07:07 AM
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Depends on your market. As a flipper, I might give $75 MAX for that bike. $110 would eliminate most of my profits. Figure it will need a saddle, bearings, grease, cables, housings, bar tape, inner tube, pedals (notice the super cheap plastic MTB pedals on there??), possibly chain, freewheel, maybe tires (craptastic pic). So the question becomes, what is the minimum acceptable profit for you for assuming some risk (the unknowns like bb and hub condition), your time to rehab, and the time to market the bike.

Where are you going to buy the parts you need? I have a pile of parts, and buy consumables in bulk, in part to manage the costs of rehab. Buy them one at a time, at your local bike shop, and you can pay 3 to 4X for all of that stuff.

Unfortunately, for flips, you have to start pretty low, lower than someone who wants a keeper bike, or you end up working for free.

I have found in negotiating for bikes, I do not get into a debate with the seller on what the bike is worth and I do not disparage the bike (assume the owner LIKES his bike!!). Instead, I often disarm them with something like: "Your bike is probably worth the asking price. Unfortunately, to me, I will have to put about $100 into it (or whatever my estimate is), so I can only pay $75 for it. If you would be interested in $75, great. If not, I understand. You have a nice bike." I then am prepared to walk. I never knock their bike, that just makes them defensive, and less open to an offer. The only defects I will discuss are stuck seat post and stem. If either of those are stuck, at that point, I just tell the seller what the parts are worth to me. The discussion is more like: "I've had bikes with stuck stems before. Sometimes I can free them up, sometimes I can't. If I can't, I can still use the nice parts on your bike, and could offer you $50."

If you can shed light on what component group is on there, value might be higher. But given obvious condition (neglected), its wise to assume it will have some hidden surprises.

Rear QR is on backwards, a sign of a clueless owner.

On flipping bikes, once you do it for a while, you will have the tools/time/aptitude to do all the work yourself. You will also have the marketing skills, and a pile of affordable parts bought in bulk. At that point, the $$ made on flips is made when you BUY the project. Pay an extra $20 for a project, and your profit potential just dropped by $20. End users can and should be able to pay more. So a deal could be a nice one for an end user, and a crappy deal for a flip. Most of my flip bikes come as projects (need work). End users are not interested in most projects, making the pricing more viable for me.

+1 To below, I thought that RD was an old Suntour as well, looks misplaced.

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Old 02-02-13, 07:39 AM
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If you have the saddle on hand and your willing to sit on this a few weeks until the temps climb above the freezing 50s you fuys have right now you migh double but not much more.

I agree the skewers do appear to be on the wrong side and the "popped off" chain looks like a simple repair so the owner likely doesn't know much except "it is a Raleigh and it must be expensive" Also it looks like a small frame may a 50ish wich may help at sale time since good small bikes can be hard to find.

I am curious about the RD it looks like an older nonindexing Suntour model like a VX series so that could be an issue at selling time.
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