Are you looking to sell some stuff at a pawn shop in Metro Detroit?
It’s certainly not hard to find a pawn shop in the Motor City but it might be hard to find the right one and get the most value for your belongings. Pawn shops can be stingy, so you’re going to need to barter with them a little bit.
In this article, we’ll explore the best methods for getting the most out of your stuff at a Detroit pawn shop.
What to Pawn
Don’t just grab any old thing from your apartment and bring it to the pawn shop when you need cash, that’s not how it works. You need to sit down and think of what you’ve got that might be worth some money.
Once you’ve got some ideas, collect the items and start doing your research. Depending on what you’ve got lying around, you might be sitting on a gold mine.
Hop on google to find information about things like coins and other antiques and then check online markets to get an idea of what you could be getting for things like stereo equipment and other electronics.
With regards to jewelry, know your stuff when it comes to fakes and the real deal. The pawn shop clerk will be able to sense if you know what you’re talking about in the bartering process.
While you’re doing your research, check out the condition of what you want to bring in. If it’s a bit dirty, give it a clean. If it’s damaged, lower your expectations for an offer.
Pawn or Sell
If you aren’t privy to the pawning process, familiarize yourself.
You can do one of two things when you bring your stuff to a pawn shop; sell it outright or pawn it.
Selling is, of course, a normal transaction but pawning is leaving the item in the store for a short-term loan. If you pay back the loan plus interest, you get the item back. If you can’t pay it back after the set term, it becomes the pawn shop’s property.
Negotiating at a Detroit Pawn Shop
Now that you’ve figured out which items you want to pawn and which you want to sell, it’s time to choose a pawn shop.
Again, there are loads of pawn shops in Detroit of varying sketchiness, so the best thing to do is check online reviews to determine the type of establishment you’ll be dealing with. You don’t want to walk into a lion’s den.
Since you’ve done a lot of research on what your items are worth, you need to have one thing in mind. How low are you willing to go?
Let the pawnbroker do most of the talking in the beginning. He/she will probably low ball you and then you’ll get to counter. If you want to get maximum value for your item, stick to your guns and if you can’t reach an agreement, go somewhere else.
Much of the time, you’re dealing with some stuff you have lying around and you just want to get rid of it. That makes how low you’ll go more malleable.
You’re ready to find a Detroit pawn shop. Start collecting your unwanted items now and get researching. Maybe you’re a millionaire and you didn’t even know it.
For more help on navigating the world of pawn shops, visit our page.