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6 Smart Pawn Shop Tips | February 2019

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Are you in need of some fast cash? If so, you may be considering selling a valuable item.

Looking to sell or pawn an item now?
Get local cash offers – free, fast & easy.

Pawn or Sell An Item

Pawn shops are a quick and easy way to receive funds by either selling items or using them as collateral for a loan.

But smart pawn shops all have one thing in common- they’ll try to give you as little money as possible for your valuables. And if you’re not prepared, you could lose out big time.

Want to know how to get the most buck for your bang at your next pawn shop visit? Keep reading. We’ll clue you in on six smart pawn shop tips to get you a fair trade.

1. Do Thorough Research

Although top pawn shops will most likely have some knowledge about the items you’re bringing in, as we know, it’s in their best interest to pay as little for them as possible. In order to prevent them from lowballing you, come armed with knowledge.

Whether you’re selling jewelry, antiques, or electronics, think ahead. Research the value of your items based on their condition, age, and history.

2. Think of a Minimum Ahead of Time

Before you walk into a pawn shop, know how little you’re willing to sell your items for. If you don’t, you’re more willing to submit to the low pawn prices the shop offers you. So, decide ahead and stick to your guns.

3. Smart Pawn Shops Will Want You to Start the Negotiation

When trying to sell something at a pawn shop, always let them make the first offer. Then, begin your negotiation.

If you make the first move, they’re likely to cut their counter-offer by half. And, of course, be sure to keep your minimum in mind!

4. Clean Your Item Well

If you want to attract the attention of a big-time pawn shop for some big-time cash, make sure your items look sparkling clean. Take the time to remove any stains or tarnished spots, especially when pawning antique items.

5. Don’t Back Down

Selling an item can feel intimidating, especially if you’re not familiar with the process. But when you’re trying to get the most buck for your bang, it’s important not to back down. If your items are worth more than what they’re offering, don’t cave in.

6. Know When to Walk Away

If you feel uncomfortable during your experience in a pawn shop, don’t feel like you have to stay and see things through. Keep in mind that there are plenty of pawn shops out there and that you can always walk away.

Good Luck!

The next time you need some fast cash, don’t panic. Just use the six smart pawn shop tips above to get the most money possible in return for your valuable items.

Remember to clean your items well, and to enter the shop armed with knowledge and a negotiation strategy. And, if you feel uncomfortable at any time, feel free to find somewhere else to take your business.

Looking to sell or pawn an item now?
Get local cash offers – free, fast & easy.

Pawn or Sell An Item
Summary
Article Name
6 Smart Pawn Shop Tips | February 2019
Description
Pawn shops have a notorious reputation for buying items for less than their worth. Read more to learn our 6 sneaky pawn shop tips. Get more money!
Author
Publisher Name
PawnGuru
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David Stiebel

David Stiebel is one of the cofounders of PawnGuru. David was educated at MIT, where he studied Math. He subsequently worked at Bain as a data scientist before starting PawnGuru in 2015. He started PawnGuru to build a better tool for pawn shops and consumers to connect.

Comments
  1. My sister is planning to remodel her kitchen and she’s short of cash and thought of pawning some things. It was explained here that before going to a pawn shop, she should do thorough research and think of a minimum. Furthermore, it’s recommended to consult experts before pawning stuff.

  2. My husband and I are short on cash right now, and we’re thinking of pawning some of our things. Your article had great information about this, and I liked how you said to think of a minimum price to sell our items for before going to the shop. Thanks; we’ll keep this in mind when pawning our items.

  3. I love that the article talked about researching the value of items based on condition, age, and history before taking it to a pawn shop to sell. I have a lot of gadgets lying around my house that I no longer use anymore. I’ll have to do some research on my things before I go and try to sell them.

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