Appraisal Report

Fair Price

Item Identity

LiftMaster Garage Remote Model 51

Fair Market Value Estimate

$10 - $15

Original Retail Price

$30 - $40

Confidence

High

Analysis

The asking price of $10 is reasonable for a specific vintage replacement part locally. This is an older model that uses dip switches for coding, compatible with legacy garage door openers. While $10 is cheap, you can purchase brand-new universal remotes compatible with dip switches online for only slightly more ($12-$18). It is a fair price for the convenience of immediate pickup versus shipping.

Market References & Alternatives

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{
  "identity": "LiftMaster Garage Remote Model 51",
  "fmv_estimate": "$10 - $15",
  "original_price": "$30 - $40",
  "verdict": "Fair Price",
  "analysis": "The asking price of $10 is reasonable for a specific vintage replacement part locally. This is an older model that uses dip switches for coding, compatible with legacy garage door openers. While $10 is cheap, you can purchase brand-new universal remotes compatible with dip switches online for only slightly more ($12-$18). It is a fair price for the convenience of immediate pickup versus shipping.",
  "alternatives": [
    {
      "name": "Universal Dip Switch Garage Door Remote (New)",
      "price": "$12 - $16",
      "url": "https://www.amazon.com/s?k=universal+dip+switch+garage+remote"
    }
  ]
}