There are many options for bargain hunting or getting rid of secondhand possessions. Thrift stores accept donations and resell them for cheap. Pawn shops purchase and resell items like furniture and jewelry. Outlet stores sell higher end goods below retail price. Consignment shops are a cross between a thrift store and a pawn shop. The owner of the shop sells your new or gently used item, takes a cut, and gives you the rest of the money. Here are a few things to consider when looking into a consignment shop.
Consider what items you are getting rid of.
Consignment shops are not ideal for all secondhand goods. Typically, these shops specialize in particular new or gently used goods. Designer clothes and shoes or antiques are popular store specialties. Any items like clothes, furniture, or jewelry should be new or gently used. Antiques are an exception but may be rejected if severely damaged.
Consider why you are getting rid of your possessions.
If you are looking for an immediate payout, a consignment shop may not be your best option. Typically, consignment shops do not offer upfront payment, and some locations may only give store credit. You will probably receive less money from a pawn shop, but you will get paid immediately. If you just want to clear your home of clutter, consider giving items to a thrift store. Donating clothes and shoes to a nonprofit group, like a women’s shelter, is always an admirable decision.
Consider purchasing items from a consignment shop.
Consignment shops can be a good source for vintage or antique items that are no longer available from manufacturers. If you cannot find acceptable items at a consignment shop, an outlet store would be another good choice for bargains.