When it comes to clearing out your closets and drawers of old unwanted items that may hold value you have more choices than ever these days. You can try and sell your items online on eBay, Craigslist, or apps like Offer Up. The thing is that all of these come with time-consuming hassle. Buyers are flakey and make very low ball offers.
The better bet, not only to save you time and frustration but to get you a better price comes down to consignment or pawn shops.
If you haven’t delved into this arena yet, before you do, make sure you know the subtle differences.
Differences include: When the seller is to be paid, how the shop is paid, and when ownership of the item is relinquished.
If there is no urgency or need right away for cash a consignment shop may bring you a great price. Consignment means that a shop will take in your items and place them in their retail space for sale. This, of course, comes with a price. When your item does sell at the agreed upon price, the store will keep a certain percentage of the monies made. They will then cut you a check for the percentage designated for you. It may take days or months or your item may not sell at all.
If you are looking to pocket some cash quickly. You are looking for a pawn shop. You have the option of selling outright or simply allowing the shop to hold your item as collateral against a short term loan.
This is a key difference when it comes to who retains ownership of your item. You only lose ownership of your item to a pawn shop if you do not meet the terms of the loan. Your item held as collateral will then become the property of the pawn shop. That is never the goal at First Pawn. We want you as a repeat customer. If you have trouble making a payment please talk to us and we will try our best to work with you.
Consignment shops are intended specifically to take your items and sell them via a retail outlet, sharing the sale with you. Ownership is relinquished when you leave your items at the consignment shop with an agreed understanding of the commission percentage. If an item does not sell, the seller is able to pick up their unsold items and the contract becomes void.
If you are in the Naples or Lehigh Acres vicinity and are looking to sell or pawn your unwanted gold, silver, diamonds, watches, jewelry, electronics, tools, collectibles, or other valuable items we would love to have you come in. Bring your potential sale or pawn items with you and let us see if we can make you an offer, sending you home with cash in hand that day.
Visit our showrooms today for spectacular bargains. www.firstpawn.com.
First Pawn Jewelry & Loan
889 Airport Road South, Naples, Fl 34104 | 239-434-7296
1331 Homestead Rd N, Lehigh Acres, FL 33936 | 239-369-2274
We look forward to meeting you!