When a loved one passes away, it is usually a time of great stress and sadness for everyone. Added to this are all the arrangements that need to be made. I’m not just talking about the funeral either. There is also the master off what to do with the deceased person’s belongings.
It can often happen that the person was elderly and lived alone meaning that their effects must be taken care of by other family members.
Sometimes these things will be divided up and kept by the surviving members of the family. Other times it will simply be thrown out. But another idea would be to sell the items. This can be a really useful thing, especially if funeral arrangements came out of the pockets of those who couldn’t really afford it.
If you decide to sell these items, there’s a couple of things to keep in mind. First is that sentimental value isn’t worth anything. So despite any connection you have with the items, you may end up getting less than you initially hoped for. If an item has that much personal value then just keep it. Secondly, it is best to sell if the items as quickly as possible. It helps to move on. The best way to do this are to take any items of real value out and either pawn them in a pawn shop (search to find a close one, like pawn shop Hollywood) or sell them privately, and then take the bulk and sell it to bulk buyers. There are actually a lot of companies that purchase used furniture or clothes “by the pound”.
With that, you can get a bit of extra money to help cover the final expenses of the departed. This can go a long way in helping the rest of the family to move on.
Sometimes, you’re faced with a financial emergency that comes up with no warning. Confronted with the need to come up with a sum of money, quickly, most people reach for the credit cards. And while this may be a workable solution, not everyone has that option, and some would do better to not ruin their credit score. So what alternatives are there? Well, there’s a tried and true method of getting cash that’s been around forever that most people never think of…
That would be the local pawn shop. While some may think of a pawn shop as a seedy place with unethical business practices, recent media has shed some light on this industry. It works like one would expect: you bring in an item of value, and based on how much it’s worth, and how much it can potentially be sold for, you are given a cash advance for it. This gives you the option of buying your item back (as it is really the collateral for the loan) or you could just sell it outright. That means that you’ll have money, quickly.
You can pawn all sorts of items. Jewelry is what most people think of, but it’s really not limited to that. Power tools, vehicles, electronics, there’s a lot of things that are applicable.
Obviously you could get more for your items if you were to simply sell them yourself to a private buyer. But that takes time and you may not be able to wait. So this solution could potentially get you out of a real jam. I know I’ve visited my fair share of Hollywood pawn shops in times of need, and it really did work out for me in the end.
Therein lies the only problem (well, the only real problem). It can take a lot of effort (and sometimes money) to determine what is worth selling, or should head for the landfill. This is why it’s good to know a thing or two about doing your own appraisals. Now, keep in mind that this will not necessarily be as accurate as going to an actual professional, but it can give you some good guidance.
First, the best place to look is online. What you’re going to try to do is to find the same item that you have in your possession and see how much other people are selling it for. This will give you a good idea of the expected value. Sites like ebay and amazon are great for this sort of thing. Finding any defining markings or labels on the item is a must here, as there is a sea of other, similar stuff to be found.
Another thing you can do is to visit a local pawn shop. My local Hollywood pawn shop had items similar to what I was trying to sell, and they gave me a good idea of the value. You may even decide to sell it right then and there to avoid the future hassle of finding a buyer later on.
Finally, there is professional appraisal. This can cost you, so only do it if you really suspect that you have a really valuable item on your hands.
So, you’re getting kind of a late start towards spring cleaning (it’s nearly summer now, but hey, better late than never) and you have some old furniture sitting away in your attic or basement. You have 3 basic options here:
- Throw it away.
- Give it to a friend.
- Sell it.
If you’re trying to get rid of it quick because you have another use for the space it’s taking up (like putting more junk in there) then #1 may be your best option. #2 only works if you have a friend who wants it, and if not, you may end up back at #1. But #3 offers the best potential payback, but will require the most effort. Most people just list their stuff online with merely a guess at the price. This may be fine, but if your furniture is in good condition and is old enough, you may want to reconsider.
Antique furniture can sometimes go for a pretty penny. The only trouble is identifying if you have a gem on your hands or not. Here’s where a little research comes into play.
- Go online and try your best to find the exact piece. Looking for any markings as to brand or where it was produced may help. So will knowing the relative age of the item.
- Take photos of it to a pawn shop and see what they are interested in paying for it. You may sell it right there, or just get an idea of what you could get for it.
- If you think you have a treasure sitting in front of you, get it professionally appraised. You’ll have to pay for the service, but it could be worth it.
Don’t let the opportunity to make some extra money slip through your hands. Just do the little work required and see it pay off.