March 19, 2014

If you had a million dollars... how would you spend it? Rules below....?





sentimenta


My daughter is doing a report for school and needs some ideas... here's the thing... she needs to spend a million dollars to the penny (excluding sales tax) it can't be less then 15 items and no more then 20 items. You can only buy one of each item.(one house, one pair of shoes, one ring, etc.) And it can't be spent on experiences (vacations, concerts, etc.) Any and all idea's are greatly appreciated.


Answer
1. House: 650,000
2. Car: 100,000
3. Donation to Charity: 230,000
4. Pair of jeans: 100
5. Shirt: 100
6. Shoes: 100
7. Purse: 500
8. Necklace: 200
9. Television: 5000
10. Couch set: 3000
11. Bedroom set: 3000
12. Entertainment System: 2000
13. Computer: 2000
14. Computer Desk: 1000
15. Dinette Set: 1000
16. Stereo: 2000

Yes, its very rough but, some of the items might give her some ideas :)

How much should I sell my bedroom set for?




Tiana


I bought my bedroom set no more than 4 years ago for about $4000-$5000 and now I want to sell it.

The entire collection is really unique & made of beautiful solid oak and includes:
*HEADBOARD (massive - about 8' tall, 10' long) with drawers & panel mirrors above the bed, plus drawers & bookcases on both sides.
*QUEEN SIZE box spring waterbed mattress (it unzips & has about 10 water tubes inside).
*DRESSER (6-drawers plus a "door" in the middle which has a cubby hole space & another drawer) & MIRROR (3 panels- the 2 side panels also open & have shelves inside).
*TALL CHEST (6 drawers & another "door" which has 2 shelves).

The whole set is in perfect condition*
** ps it doesn't come with nightstands because they are built into the headboard. The headboard also has a row of lights above and below the mirror



Answer
First off your locality plays a role in resale.
Then water beds are even more of a personal value,meaning a person specifically looking for a water bed with the details you are describing.

Then the deprecation of the bed when it came out of the store most often 50%
After that I would say locality of resale around 15-30% off per year.

If indeed it is solid wood (Oak) the wood may be more of a value than the resale as a bed plus design.In your area or to a person who buys
wood to re-purpose.


I have a wonderful similar design which is most likely a older model and happened on it for free. Thank you to a dear friend and her family.
Mine is King size.
Today I might get $500.00 dollars for the bed if I was needing to sell.


Perhaps my best bet would be to inquire at a locale resale shops, those that cater to higher end such as estate sellers.

My answer would be $2500.00 and best offer after.




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