If you are moving to a new house or city and you want to get rid of some unwanted stuff before the move, you may be wondering whether to hold a garage sale or take your stuff to the neighborhood pawnshop. In fact, many homeowners are faced with this dilemma every year during spring cleaning. Both a garage sale and pawnshop are great ways to sell your unwanted stuff and make some quick money. Here are some pros and cons of both options to help you decide which option is better:
Selling at a garage sale
A garage sale is an informal event conducted in a garage or outside the home for the sale of used or unused goods by individuals. It is a great way to declutter your home and make some quick money.
You get access to a large set of potential buyers
When you hold a garage sale, depending on how well you have spread the word, you can expect a large number of people to visit your sale. Even if you are trying to sell something unique, you will find people with different interests and hobbies looking for them.
You set the prices
When selling your items at a garage sale, you are at liberty to decide the prices and negotiate with the buyers. You can do your research and come up with a price you think is most suitable.
You don’t need to go anywhere.
Garage sales are convenient in the sense that you don’t need to leave the comfort of your home or carry the goods to another place. The buyers will come to you.
Selling at a pawnshop
When you sell something at a pawnshop, you just bring in your item for sale. Then, you and the pawnbroker mutually decide upon the amount that the pawnbroker pays for the item. You leave the pawnshop with cash in hand. Pawnshops are professionally run businesses with their own system of evaluation and pricing.
At a pawnshop, there is a professional appraisal done for every item that is brought for sale. So, there is no guesswork involved in deciding the price of the item. They evaluate the item to find out what it is worth. Quite often, sellers are not even aware of the actual value of the item, especially in the case of heirloom items or antiques. At the pawnshop, they do a professional appraisal and then quote a price. There is always room for negotiations. This is a major benefit of selling at a pawnshop over selling at a garage sale.
Transactions at a pawnshop are quick and immediate. So, you bring in your item, negotiate a fair price, and walk out with money in your wallet. If you are in urgent need of money, there is no better way to sell your unwanted items. You will get instant cash for your item.
Unlike in a garage sale, you don’t need to organize or set up anything. You will at least have to organize the items on a table and put a sign outside your home. However, when you choose to sell at a pawnshop, you simply take the product to the pawnshop and sell it off.
There is no doubt that a pawnshop is a great place to sell an item for quick cash. However, pawnshops may not buy everything. So, for things that a pawnshop won’t buy, a garage sale could be a great option.
Get in touch with our friendly staff if you have any more questions.