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