Selling one of your belongings to a pawn shop is a quick way to make cash when you need it, but you should approach pawn-shop negotiating the right way. After all, haggling is an art form, and pawn shop workers and owners have lots of practice. Use the following four tips to make sure you’re walking away with the amount of money you deserve.
Do Research Before You Walk Into A Pawnshop
If you’re headed to a pawn shop to sell a used DVD, then maybe extensive research on the price of the DVD isn’t necessary. However, if you’re selling a rare item, an autograph, jewelry, an antique family heirloom, or a painting, it’s worth doing a bit of research beforehand. Otherwise, you could end up selling an item worth thousands for a bargain basement price.
Research could mean doing a simple search online about the item you’re selling, but often it’s an even better idea to have your item appraised first, especially for items like antiques or jewelry. This will give you an idea of how much you should be getting in the first place. Also avoid using appraisers that a pawn shop supplies, as they often have a working relationship with the pawn shop, and have an incentive to value your item at a lower price.
Never Share the Price Of Your Item
You might know perfectly well how much you paid for an item or how much your item is actually worth, but that doesn’t mean the pawn broker has to know. Letting the pawn broker know how much you paid creates a narrow price range that the pawn broker won’t go above, leaving you at a disadvantage.
Research The Pawn Shop in Advance
Often, you can do a quick online search on pawn shops in your area. If a pawn shop is really known for unfair negotiating tactics and offering cheap prices, then it’s a good idea to steer clear. Try to find a reputable pawn shops with reasonably good reviews, and you’ll likely have a better pawn shop experience.
Don’t Be Afraid To Walk Away
It’s often a good idea to walk into a pawn shop with a minimum price you want to receive for an item. Otherwise, you might be talked into going way lower than you initially thought. Remember, a pawn broker is usually going to give you 50 percent or less for what they think they can resell the item for. That’s just standard pawn shop practice. However, don’t be afraid to walk away if you think you’re not getting a fair deal. Visit a shops like A J’S Super Pawn Inc to get started.