It can be difficult to find a good price for furniture.You don't want to walk away knowing that you could have made more money if you sold at market value.It is possible to determine whether or not your used furniture is worth selling at all.There are general rules of the trade when it comes to pricing furniture, which is notoriously difficult.
Step 1: To make the most money wash, clean, and buff furniture.
It is easier to sell a clean piece of furniture.Get out any stains, polish up the edges, and paint faded furniture.If you apply a new coat of paint or stain well, it can make a used desk look brand new.If you can make small repairs, put them in now.If you expect the buyer to make fixes, the sale price will be lower.Ensure that old electronics still work by testing them.
Step 2: You can check prices of similar furniture.
Take a look at some of the current styles online.You can check out new pieces.A big plaid couch will sell for less than a plain colored one until plaid comes back in style.Check out what other people are selling similar items for.The ranges of prices for most furniture can be found in Furniture Valuation Guides.Look for items that are similar to yours.Look up furniture with similar qualities if you know the maker.This is the best place to start if you don't know how much the piece sold for.
Step 3: Most furniture should be sold at the original sale price.
Slashing 20% from the price you bought it for is the easiest way to come up with a price.This is a good guide for quality used furniture.This is just a baseline.There are a variety of other factors that can affect the price.For example, if you bought a piece of furniture for $500 several years ago, and want to get rid of it, the piece is in good condition and not very old.You decide that 80% is fair.Add up the amount of money by 80%, or.8.The baseline price is 500 x.8
Step 4: You should compare the condition now to when you bought it.
When do you subtract 20% and 30%?The condition is the biggest factor.You can sell it for 20% less than you paid if it is in the same condition as when you bought it.If it has some issues, you may want to lean towards 30% or more.The longer you've owned it, the less you can sell it for.If you bought a beautiful bookshelf for $1,000 and it is in excellent condition, you can sell it for $800.If the bookshelf is faded, older, missing shelves, or has marks and chips, you may want to price it closer to $6- 700.
Step 5: 5% is added for every 1-2 years you've had furniture.
A ten-year old desk might sell for 50% less than the price you paid.Like cars and houses, furniture loses value as it ages.You're going to take a hit for every year you've had it, unless the construction is incredible or the furniture is an antique.
Step 6: The construction and materials should be paid attention to.
To know good woodwork, you don't have to be a woodworker.Quality furniture can handle weight, it doesn't wobble, and the joints are all sung.Prepare to sell your furniture for less than when you bought it if they're not.If the furniture is built to last, you may be able to sell it at a better price than you paid.Cheap furniture, like Ikea-brand wares, will often sell for less than it's buying price.It is made of cheap materials and not made to be moved or resold.Chances are good that you have cheap furniture if you see particle board.
Step 7: There is a professional who will appraise antique furniture.
The value of antiques can be much higher than the original price.Unless you're willing to do a lot of research into similar items, past selling prices, and restoration possibilities, you should not contact an expert.If you want an honest opinion about your potential selling price, you should go to an antique store.Bring the year, make, and model of the furniture, or at least where it came from, if possible.
Step 8: Be willing to negotiate.
It's rare that you won't be able to discuss the price.Before the negotiation begins, make sure you know several things.The best way to get a good price is to have your strategy in place before the bargaining begins.You don't have to think on the spot if you set this now.The price was preferred.The value and desire to get rid of it are what you want to sell it for.Asking price.It could be the same as your preferred price.If someone wants the furniture badly, you can set the price a little higher than you need.There are moving expenses.Who will pick up and move the furniture?Make sure this is dealt with before the sale.
Step 9: Ask friends and family if they would buy furniture at a lower price than the one offered.
You can ask a few people if the price is reasonable.If a few people would pay for it at that price, you'll be able to sell it.It's a good way to set a fair price if you're lost.You don't want to get their opinion on whether or not the furniture is worth it, just know if they think the price is reasonable.If you're stuck, there are websites that will calculate potential prices for you, like Splitwise Furniture Calculator and Blue Book Furniture.These are only estimates.
Step 10: Before making an offer, shop for similar furniture.
Unless you're already a pricing pro, you shouldn't make a purchase unless you compare 4-5 similar pieces of furniture.Ask the seller about any discrepancies.If you're buying a bedroom set, it's a good idea to know the average costs.The average price range for common furniture is $50-150.
Step 11: Ask about the furniture's history.
Is it in need of repairs?How old is it?Do you have any issues to comment on?You can get a sense for the pricing of their furniture by asking good questions.Make sure you know when it was made if someone tells you it is expensive.It is not an antique if they can't tell you if it was made after 1970.Take any price with a grain of salt.
Step 12: Check for the correct type of construction.
It's important that you have tight joints and no wiggle.chairs, sofas, and tables should feel solid under your weight.Don't spend a lot of money on it if it doesn'T look solid and well built.If it has a few dents or scratches, you might want to ask for less than the asking price.If the furniture is cheap, you'll just need to buy another one in a few years.
Step 13: There are great deals on fixer-uppers.
You don't need to spend a lot of money on a great desk.If the construction is good and you like the shape, but the surface is scratched, faded, or ugly, you might be able to get a great price for a good desk.A can of paint is cheap.You can often save hundreds of dollars by refinishing a piece of furniture.
Step 14: Before you contact the seller, set the price you're willing to pay.
A piece of furniture is worth more than the price it is sold for.If you really like a piece, and have been shopping around to find a good price, make an offer.It's even better if you can back up your offer with similar furniture prices.Set this now so that you can walk away if the price gets too high.You don't want to make a decision on the spot.This is not about tactics.When making your case to get the price you want, be honest and upfront.Don't negotiate if you're not going to budge on your price.You should be able to work with the seller if you pay more than you decided.
Step 15: Before buying, calculate shipping and moving costs.
You need to know how you're going to get the furniture and how it affects your price.The person responsible for moving the furniture should be locked up.If the piece is faded or in need of repair, you may have to redo it.Let the seller know about this part of the buying price.