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2001 Yamaha M500M advice #2935702 01/18/20 11:42 AM
Joined: Jan 2020
Posts: 3
J
joshvDO Offline OP
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J
Joined: Jan 2020
Posts: 3
What is a 2001 Yamaha M500M worth? It looks nice, but I would have it inspected before I agreed to buy it.

It is being sold by the original owner. A search of the internet shows prices ranging from $200-$3,000+, but what is a fair price to pay for a used piano from a private party (assuming the technician finds nothing wrong with it)?

Considering the cost of inspection, moving, tuning (and probably a second tuning), any mechanical adjustment that may be required after moving it (I believe it will need to go up on end to get it in the house), and, after two months of searching classifieds, I would argue my time and coordinating the aforementioned have a value attached.

Thanks!

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Re: 2001 Yamaha M500M advice [Re: joshvDO] #2935735 01/18/20 01:05 PM
Joined: Mar 2006
Posts: 13,038
Rickster Offline
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Hello, and welcome to Piano World!

Your question is quite common here, and usually from new members. What a particular pre-owned piano is worth is really a tough question to answer, due to all the variables involved. There are professional piano consultants who can assist and advise you, whether buying or selling a used piano; but they usually charge a fee for their services, which may well be worth it.

Getting back to what your prospect piano may be worth, it sounds like you've done your homework already, and, like you, I did a quick Google search of Yamaha M500 pianos for sale, and found pretty much the same info you found. So, again, it is a tough call.

Buying from a private seller may well yield the most piano for the money (most of the time), as opposed to buying from a dealer. But like you mentioned, there are other cost involved when buying from a private seller, and more risk, usually, that may coincide with a lower price than the dealer's price.

If I were you, I believe I'd zero in on researching prices for Yamaha M500 models closer to the age of the one you are looking at and go from there. You did not mention what the private seller is asking for the piano, but you have considered any additional costs that would need to be considered.

If you are going to pay a qualified piano tech to evaluate the piano for you, they would likely be a very good resource to advise you on fair pricing, bargain pricing, or over pricing.

Good luck, and keep us informed!

Rick


Piano enthusiast and amateur musician: "Treat others the way you would like to be treated". Yamaha C7. YouTube Channel
Re: 2001 Yamaha M500M advice [Re: joshvDO] #2935760 01/18/20 01:58 PM
Joined: May 2018
Posts: 803
L
Learux Offline
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L
Joined: May 2018
Posts: 803
Your time finding this piano has no value but to yourself. It is a fine balancing act between seller motivation and buyers desire.

Search EBay for similar sales make a reasonable offer (if the piano checks out fine) and live happily ever after.

Don't let a good piano get away over a couple of hundred bucks.

Good luck.


When you play, never mind who listens to you. R.Schumann.

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Re: 2001 Yamaha M500M advice [Re: Learux] #2935784 01/18/20 03:04 PM
Joined: Oct 2009
Posts: 2,571
j&j Offline
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Posts: 2,571
Originally Posted by Learux
Your time finding this piano has no value but to yourself. It is a fine balancing act between seller motivation and buyers desire.

Search EBay for similar sales make a reasonable offer (if the piano checks out fine) and live happily ever after.

Don't let a good piano get away over a couple of hundred bucks.

Good luck.

True in dollar value. The OP’s time shopping, plus finding a good piano tech is very worthwhile because the OP learns a lot more about pianos and what kind of maintenance is needed for an acoustic piano. It is far more time-consuming than just strolling into a piano dealer’s shop, trying a few, picking one out and writing the check.


J & J
Estonia L190 Hidden Beauty
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Pianos - the reason God made trees!
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Re: 2001 Yamaha M500M advice [Re: j&j] #2936359 01/20/20 04:11 PM
Joined: Aug 2018
Posts: 3,693
L
Lady Bird Online Content
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L
Joined: Aug 2018
Posts: 3,693
Originally Posted by j&j
Originally Posted by Learux
Your time finding this piano has no value but to yourself. It is a fine balancing act between seller motivation and buyers desire.

Search EBay for similar sales make a reasonable offer (if the piano checks out fine) and live happily ever after.

Don't let a good piano get away over a couple of hundred bucks.

Good luck.

True in dollar value. The OP’s time shopping, plus finding a good piano tech is very worthwhile because the OP learns a lot more about pianos and what kind of maintenance is needed for an acoustic piano. It is far more time-consuming than just strolling into a piano dealer’s shop, trying a few, picking one out and writing the check.

It can take a fair amount of time even just buying a new piano from a dealer .Sometimes the price
is too high so you wait .Eventually the price may be brought down .This "wait " gives you time to try other pianos -- and find out more about the piano you are interested in.
You ended up buying a very nice piano J&J .,.Like you I bought a very good piano (although an upright )
The difference is that I had to wait as the original price was really high.In that time we
contacted the manufacturer about the piano and compaired model and brand to other similar
pianos we liked .
Sorry just wanted to point out it is never a simple decision to decided on a piano.


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