If you’re one of the millions of people who sell or trade in a used smartphone each year, then you’ll know how much hassle it can be to get a good value for it. You are not the only one who will have a say in the price point of your phone. There are many other factors that can determine its value when negotiation is underway.
In this blog post, we will explain some key points and how they impact the selling price of your device. We’ll also provide tips on how to maximise your used phone’s value and warn you about potential scams that may occur during the selling process. So, be sure to read through this article to learn everything you need to know about the market value of a used phone.
Factors Affecting a Used Phone’s Value
Nowadays, it’s more important than ever to be aware of the factors that affect your used phone’s value. From the software and hardware to scratches and damages, there are many things to take a closer look at in order to make the most informed decision. Consider the following features when it comes to selling or trading your device:
Condition and Features
As with any other product, a phone’s condition is what determines whether it will be sold at all. If you want to get a good offer for your old phone, you’ll need to make sure that it is looking great and has no visible signs of wear or tear. You should also see if it functions and performs under all circumstances.
Features are also an important value aspect because they can make a phone more useful to someone who buys it. If you have something that makes your phone unique or one that will appeal to people, like HD and 4K video shooting, it will be amazing!
Age
If you have been using your mobile phone for less than a year or two, you may get buyers quickly. This is because newer phones are better equipped to handle updated apps and software. On the other hand, if you’ve owned it for more than five years or so, there is a good chance that some features might no longer function properly due to damage or outdated software, therefore, making it less appealing.
Model/Popularity
In the second-hand buy-and-sell industry, popularity is something that adds up to value. If you have an iPhone 13 or a Samsung Galaxy A13, for example, then you’re going to get paid more compared to iPhone 5 or a Samsung Galaxy Grand Prime VE. This is because there’s more demand for those phones, and they are much easier to sell as refurbished phones in the market.
The same goes for other brands like Huawei and HTC. They make some really good phones that tend to be preferred by many people over some other brands out there (although not always). So, when selling pre-owned, you’ll need to factor in their popularity before deciding how much to ask for them.
Availability of Device
This is a great deal right now, which is why timing is important when selling a pre-used phone. If there’s a shortage of devices, or if the device is in high demand, the price will increase. However, if there are a lot of used phones available and many people won’t pay much for them, then you may not get as much money for your device.
4 Tips to Get the Best Selling Price for Your Mobile Phone
There are a lot of variables that come into play when thinking about selling your phone. However, you can greatly increase the chances to get top deals at a good reseller by taking a proactive approach to the sale. Whether it’s the best price or quick turnaround you want, follow these five tips. It will guarantee that you have an easy way to make some extra cash, save some money, and get way better value.
Know What You Have
Before selling your old phone, make sure you know which model it is and its condition. Also, take note of any special features or “extras” included in the package, like a case or charger. You should be sure of the proper functioning of your device and how updated or outdated it is.
Review the Market Condition
You’ll want to keep tabs on the market trend, like if your phone is currently in-demand, if there’s a new phone coming out, etc. This can help inform your decision on when is the right time to sell your phone.
Compare Offers
Once you’ve found someone who wants to buy from you, see if you find someone who is offering more money for the same device. This step is crucial to ensure that you’re getting the best deal possible.
Take Pictures and Keep Records of the Process
Documenting the condition of your phone before and after selling it will help you keep track of what happened during the process. This can come in handy if someone tries to claim that your phone was broken when they bought it from you.
Get the Best Value for Your Device at Mobile Guru
If you have a pre-owned device lying around and are planning to sell it, then there is no better place than Mobile Guru! We are Melbourne’s go-to destination to explore a variety of options for refurbished iPhones in terms of getting the highest value for old/used phones, tablets, and other communication devices.
We offer free evaluations and guarantee that you will get the best price for your device. Our team promises that no matter what kind of gadget you have—from Apple to Samsung— we can give it the best possible price!
For more information, call us on 1300 362 017 or send us an email at hello@mobileguruaustralia.com.au, we will arrange everything else!
