When you have an antique to sell and are in need of quick cash, approaching a local antiques dealer will offer easy solution. For sellers who do not want to go to Craigslist, selling locally saves you from paying fees associated with online selling and collecting any payment from buyers together with the hassles associated with it. Of course worrying about the items, getting damaged in transit is another issue that needs to be considered.
Knowing what to do and what to expect before approaching a dealer can make a huge difference in how well your deal goes down. Peruse these following tips for hints on how to prepare for a successful sale, to an antique dealer in your own hometown.
Do your research beforehand
Do not expect an antique dealer to tell you everything about that antique before buying it from you. That is just not going to happen. The antique evaluators are really not keen on giving you free evaluations. Taking advantage of their knowledge, they buy it from you and just walk away to sell it elsewhere.
Also, if you are going into the shop not knowing anything about what you have, or how much it’s worth, you are potentially cheating yourself out of a lot of money. Do some research to know the value of the item before attempting to sell. Be sure to evaluate the condition of the piece closely too, since it has a major impact on how much it’s worth.
Expect to get 25 to 50 percent of the retail price
You will be walking in the dealer’s shop knowing about how much the item has been selling for recently. Do not be surprised when they pay only 25 to 50 percent of the retail value. Shop owners run into overhead expenses, even the ones selling online. They have to wait ages before getting the right customer for sale. You are getting the benefit of quick cash.
Be prepared to state your price
Most antique dealers require the seller to quote their price, when starting the negotiations. Walk into the shop knowing the least you are willing to take for your item. Negotiations can start a little above for you to have room in the bargain. If you luck out, your item must be one the shopkeeper has a ready market for and will be happy to collect.
Don’t look back
Before selling an item, especially if it’s a family heirloom, take time to think if you really want to do it. Though if you change your mind, you can always go back to the pawn shop, but this time you may have to pay a better price than what you furnished earlier. The dealer may not be willing to sell it back at the same price.
While selling antiques, remember you may not find top dollar for your product. Once the deal is done, count the dollars and then your blessings. Thank heavens that someone is paying for it and move on.