Selling your old furniture through online marketplaces like Craigslist or eBay, or through a traditional classified advertisement, can pave the way for supplementary income and extra room in your house. Nonetheless, to maximize your earnings, it is vital to consider a few things before listing your items.
Understanding Your Item
Before initiating the selling process, it’s essential to ascertain your furniture’s worth. The item’s value gets influenced by its condition, age, the quality of construction, and its manufacturing company. If you are dealing with antiques or specialty items from renowned manufacturers like Tiffany, utilize a sourcebook tailored for such kind of furniture to assess their true value.
For mainstream pieces of furniture without any particular brand name, the evaluation depends on their quality and the local market price.
Understanding Your Local Market
The selling price of second-hand furniture hugely depends on your geographical location. In prime markets such as New York, Los Angeles, or Chicago, where population density and living costs are high, sellers can demand a higher price for their used furniture. Conversely, in smaller markets like Raleigh, selling used furniture might pose challenges. To expedite the selling process, compare your furniture’s price with similar items in local second-hand stores or online platforms, and set a competitive asking price.
Timing Your Sale
Irrespective of whether you are selling an expensive antique or a good quality contemporary furniture piece, the selling time plays a key role. For instance, trying to sell a patio set during winter in Raleigh might not be the best idea to optimize your profit. While seasonal outdoor furniture typically follows such cyclical trends, indoor furniture tends to sell the best between September and November.
Considering Storage
If the timing or market conditions are not in your favour, storing your furniture could be a prudent choice until market conditions stabilize. Cities across the spectrum, from Chicago to Raleigh, provide various storage solutions, such as storage units in Raleigh that can safely accommodate your furniture. Waiting to sell your items at their deserving price can be a savvy financial move.
