Despite the stereotype that typically surrounds them, pawnshops are actually a great place to buy and sell valuable items. Pawnshops often get a bad name because the police keep close tabs on the inventory they offer to ensure pawned items aren’t stolen, and everything is legal. However, finding illegal activity in a pawnshop is rare.
Instead, pawnshops are a great way to earn fast cash or to find valuable items at discounted rates. When you pawn an item, the shop will give you a loan using that item as collateral. Since most pawn loans are small, you need to make sure you get the best offers for your items. Here are a few things you can do before you walk into a pawnshop that will put you ahead of the game.
Get the Best Offers for Your Goods
If you want to get the best offers from a pawnshop, consider the following tips:
1. Be Nice and Courteous
This might seem like a no-brainer, but it’s often the most prominent problem pawnshop owners have with their customers. When you are kind and courteous to your local pawnbroker, they will be more willing to work with you. Being thoughtful and considerate in general can always help you out and never goes out of style. However, being kind and courteous to your local pawnbroker will get you the loan you need fast.
2. Clean Your Valuables Before You Try to Pawn Them
This might seem like another obvious tip, but you’d be surprised how many customers try to pawn valuables that are filthy. While most pawnshops will clean your items before they store or sell them, you should make sure they’re in decent shape before you try to make a deal. Not only will this show that you care about your belongings, but it will also bring more value to what you’re selling. The condition of your items is taken into high consideration before your pawnbroker makes an offer. The cleaner it looks, the more cash you will get.
3. Negotiate
For some individuals negotiating or bartering is intimidating. But, if you want to get the highest offer, you need to be willing to negotiate. Before you head to the pawnshop, do some research. If you know the actual value of your items, it’ll be easier for you to stand your ground. Rule #1 of negotiating is never to talk first. Pawn retailers are way more experienced in dealing than you are. After all, it’s a vital part of their daily job. Always ask how much they are willing to pay first, and then go on from there.
4. Check the Terms and Conditions of Your Loan
Pawnshops are a legitimate business. That means there will be strict terms and conditions to your agreement. Make sure you read them carefully before you make a deal.
5. Bring Documentation
If you need to pawn a big-ticket item, make sure you have proper documentation. If you want to get the best offer for collectibles, artwork, or other expensive valuables, bringing documentation can prove their authenticity and get you a better offer.
If you’re looking for a great loan option, our Mira Loma pawnshop is the place to go. Contact us to get a quote for your items.