When you need cash quickly, pawnshops are a fantastic option for selling your belongings or using them as collateral for a loan. These spots are like bazaars for all sorts of wonderful and unexpected items, from bikes and limited edition comics to antique furniture and computers. Certain items, such as electronics, collectibles and jewelry, will fetch a higher price than others. Below are some tips to help you get the best deal whether you’re selling or buying.
A Guide to Selling & Buying at Pawnshops
1. Find a Reputable Pawnshop
The best way to get a good price on your belongings is to work with a reputable pawnshop. Go online to research local pawnbrokers in your area using review websites like Yelp® and the Better Business Bureau®. Ask friends and family for any recommendations as well. When you’re the one buying an item from them, this will also ensure you’re working with an honest business that sells quality products.
2. Research Your Item
It’s important to know that pawnbrokers don’t assign arbitrary monetary values to the objects you’re trying to pawn. They often base their offers on experience, as well as online resources like Ebay™ and Amazon®. Take a leaf from their book and go online to do your own research before heading to the store. Look for items of comparable quality to the one you’re trying to sell, especially if it’s used. This is also sound advice if you’re purchasing something from the pawnshop, as you can compare online prices to their’s and determine whether it’s a good deal.
3. Know if You Want to Pawn or Sell
Are you willing to part with your item, or do you only need a loan? Decide what you want before heading to the pawnshop. Your decision should be based on your ability to repay the loan and the value of the item you’re offering. If you don’t repay back the loan in the agreed-upon time, the shop will resell your item to cover the cost.
If you need cash fast, bring your items into TC's Pawn Co. Jewelry & Electronics in Waterbury, CT. This reputable pawnshop has been in business since 1985. Whether you’re looking to buy a used guitar or sell jewelry, you’ll rest assured knowing you’re receiving a fair price. Head online to see photos of their showroom, or give them a call at (203) 753-7591 for more information.