Sell Used Furniture: Ways to Get the Most Money

June 3, 2024

Sell Used Furniture: Several situations involve the sale of used furniture. It could be as simple as wanting to replace old furniture, moving, or wanting to get dispose of furniture that has been sitting in storage. Follow these guidelines to get the most out of selling used furniture.

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Determine the worth

If you’re selling furniture that’s in good shape or that you believe is valuable, figure out how much it’s worth. Do you have antiques from a time period that collectors prize? Do you know if your furniture was produced by a well-known business?

Consult pricing guides at the library or online for antiques and valuable collections, or ask an expert. You may also get an estimate of how much your furniture is worth by going to local resale stores and looking at the newspaper and online ads for similar items.

However, if your furniture isn’t old enough to be categorized as antique or valuable as a collector’s piece, it still has value. Assess how much you spent on it, who made it, how long you’ve had it, and how it’s now performing.

Another thing to keep in mind is that upholstered furniture can be difficult to sell due to its size and the potential of odor or bed bugs.1 Case goods, on the other hand, will attract more buyers.

Appropriate Pricing

This may prove to be difficult. You don’t want to undersell, but you also don’t want to overprice it to the point where no one will buy it.

When it comes to valuing your old furniture, be practical. The memories you associate with a piece are only yours, and they contribute no value to the buyer. A personalized couch, on the other hand, could not have any distinctive value for a buyer, and customers are usually sophisticated enough to notice whether you’ve inflated pricing or overstated the worth.

Consider any stains, scratches, tears, or dents when determining a price, just as you would for a well-maintained or mint-condition item.

Your costs should not be greater than what you find advertised or shown in used furniture stores for similar products. Decide ahead of time how firm you want to be with your price and whether or not you’re willing to negotiate.

Make a decision on how to sell

Depending on how much time and inventory you have, garage sales, yard sales, or moving sales can be a good fit for you.

If you’re going to advertise on the internet, make sure to include photographs and data in your ad to entice serious consumers to contact you. Depending on how the site you choose works, be prepared to meet with possible purchasers. If at all possible, relocate the furniture to a location where you will not be required to invite people inside your property.

Make an appointment with a consignment shop or a used furniture dealer. If they believe they can sell the items for a profit, they will come to your house, make you an offer, and take up the items. Although convenient, you may not get the best price for your furniture because they will only buy it if they believe they can profit from it and will not pay you top dollar. This may be an excellent option if you are short on time, don’t want to bother with organizing a garage sale, or need to get the stuff out immediately.

If you have a lot of furniture to sell, contact a professional liquidator, who will advise you on the best way to dispose of it. They may propose doing an on-site auction, transporting everything to an auction house, or holding a tag sale. They’ll establish the prices for everything, and you can expect to pay them 20-30% of the selling proceeds. Before you sign any contracts, go over all of the prices and commissions. Look up “estate sales” on the internet to identify liquidators.

Finally, if you have stuff you can’t sell, consider donating them to charity or furniture banks. You receive the satisfaction of helping someone while also saving money on your taxes.

Make an Eye-Catching Ad

If you’re selling the furniture yourself, you’ll need to write an appealing ad that defines the item and generates some enthusiasm.

To urge potential purchasers into action, suggest a need that your goods might serve. However, a word of caution: do not engage in deceptive advertising. Tell the truth regarding the furniture’s condition. If you’re promoting online, attach a photograph. The majority of users will click on postings that have photographs.

Learn How to Deal

It’s possible that you’ll have to haggle with the buyer about the price of your furnishings.

You need to get the best value on your furniture, and the buyer wants the greatest deal. Although it may appear that you are looking for completely different things, there comes a moment where you will both find meaning in the deal.