Using A Pawn Shop For The First Time? Things you should know

Using A Pawn Shop For The First Time

Telling a pawn broker the extent of your emotional attachment to the items you want to sell isn't just worthless, idle chatter. Instead, it lets the pawn dealer know how much the items mean to you and lowers the chances of him pitching you an insulting offer. Unfortunately, a pawnbroker will try to get your items for as little as possible. Bottom line: The more you know about how the pawn game works, the better you'll do when it comes to the cash payout from selling your items.

The How To In Short Easy Steps

Research what your items are worth before you visit the pawn shop. For example, if you have what you consider as a valuable piece of jewellery, take it to a reputable jeweller or two and ask for an appraisal. Look at on online auction sites to find out sales prices for items similar to yours. Knowing what your items are worth can keep you from making the mistake of selling them for a price that's way of their value.

Decide what the lowest price you will take for each of your items is. If you have a bottom price in mind, you are less likely to get ripped off by the pawn shop.

Clean, polish or repair your items, so they are in the best condition possible.

Different pawn shops might value your items in a variety of ways. You might find that you can make more money if you split up your items and sell them at different shops.

Negotiate, but don't make the first offer. The pawn broker will most likely ask you what you want for each item. Don't answer. Instead, ask him what he's willing to give you and negotiate from his offer. If you make the first offer, the pawn broker will likely lowball you on the price. For instance, if you have a piece of jewellery that valued at R1,000 and you ask for R1,000, the pawnbroker will likely try to acquire it from you at half of its value. However, if you let him make you an offer, it's more likely his offer will be closer to the item's value because he won't want to insult you.

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If you have a picture of what you want to sell or pawn, attach it below for a even quicker response.

If you have a picture of what you want to sell or pawn, attach it below for a even quicker response.