Tips on How to Negotiate with a Pawn Shop Connecticut

by | Aug 13, 2012 | Financial Accounting

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Do you have things such as electronics, jewelry, or home appliances that you would like get rid of? Why not make some cash by selling them? While you could always hold a garage sale, you could also sell then to a pawn shop. In order to get as much as you possibly can from the goods that you are selling, it is important that you put your negotiations skills to use. Do not just accept the first price the pawn dealer offers you for the goods. Haggle like there is no tomorrow. What follows are tips on how to effectively negotiate with a pawn shop Connecticut.

The first rule of thumb when dealing with pawn shops is not telling them where you got your stuff. You might be tempted to brag how you bought an item at a garage sale for practically nothing. Refrain from doing this. What the pawn shop dealer is hearing when you are busy rambling on and on is that the item has absolutely no sentimental value to you. That is, you are more than likely to accept whatever you are offered for the item just as long as you make a small profit. After all, you are not really attached to the object. You should not tell the pawn dealer where you got the goods because it is none of their business.

The second tip when negotiating with a pawn shop Connecticut is doing some background research. Before you go vending items, you first need to find out exactly how much they are worth. It goes without saying that the only way you can effectively negotiate is if you have the right information. Trying to sell items to a pawn shop without knowing their actual value is quite simply asking to be ripped off. Never trust that the pawn store evaluator will give you a fair valuation. What you should remember is that they are in the business to make money. If they can acquire your items for much less than they are worth, they will be able to sell them for more and make a profit. Do not jump the gun when you walk into a pawn store by making the first offer. Let the dealer do it. In business, it is usually the person who makes the first offer that loses. For example, if you say you would like to sell your antique vase for $500 dollars, the dealer of the pawn shop Connecticut will probably give an offer of $200. The trick is to buy the item for much less than its true value.

Three important tips when negotiating with a pawn shop. Do not tell where you obtained your stuff, establish the true value of the things you are selling and let the dealer make the first offer.

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