Selling is similar to that of pawning, but you will not get your item back
If you’ve never been to a pawn shop, things can get a little confusing. Are you trying to get a loan on your item or simply looking to sell your item? In many cases, pawnbrokers offer more money to customers who sell, but if you’re not willing to part with your item, a loan will give you the fast-cash you need, without having to say goodbye to it.
1. Make sure that you plan ahead. Decide if you want to sell or borrow. Determine how much money you hope to receive.
2. Bring something they’ll want to consider. Every pawnbroker specializes in certain items, but, in general, it’s best to think small. Larger items require more storage space and aren’t always easy for a pawnbroker to resell. Items like antiques, gold jewelry, diamond rings, musical instruments, and laptop computers are sure to get the pawnbroker’s attention.
3. Do your homework. Take the time to learn about your item. Research its retail value and its wholesale value and its secondhand value. Find out if your item is rare or common. Markings and serial numbers may reveal when it was made and by whom. You should explore your options and shop the item around before you visit a pawnbroker.
4. Clean it up. Make sure your item is in the best condition possible. Remove dust, dirt, or tarnishes. Polish jewelry and stones. Scratched, damaged or broken items are not as easy to sell and are sure to lower the pawnbroker’s offer, if an offer is even extevded to you.
5. Be ready to negotiate.Pawnbrokers appraise the value of items based on several factors: secondhand value, current condition, likelihood of reselling the items, the cost of storing and securing the items, etc. Pawnbrokers want to establish lasting relationships with their customers and work with them to offer the most cash possible.
Don't Be Afraid To Talk To Your Pawnbroker Every pawnbroker will ask you "How much are you trying to get?" when you offer an item for sale. Don't be afraid to tell the pawnbroker how much you want. If the pawnbroker can make a reasonable profit from the resale of your item, you'll get what you want.
You may be inclined to say, "I want as much as possible". The pawnbroker will make you a fair and honest offer. This offer may be in excess of what you were expecting for your item, but it may be much less than what you thought was fair. By not sharing the amount you want or need, you have reduced your opportunity to negotiate for a mutually acceptable price. So tell your pawnbroker the amount you want. Your pawnbroker will make every effort to meet your request if possible.
After you and the pawnbroker have established a mutually acceptable price, you will complete the appropriate paperwork, receive your cash and be on your way.