Determining the Value of Your Furniture Before Selling; 2 Tips from an Estate Sale Company in Leawood
Nov 23, 2022
Determining the Value of Your Furniture Before Selling; Tips from an Estate Sale Company in Leawood – If you are preparing for an upcoming sale that is being organized by an estate sale company in Leawood, it is critical to do all the necessary preparations. One of the most important pieces of that prep work is pricing your items.
At an estate sale, you want to make the most bang for your buck. However, you also don’t want to be stuck with items that didn’t sell because you got greedy and set the prices too high. For these reasons, your estate auction company in Leawood should provide plenty of professional guidance on pricing your items.
Furniture can be tricky to price accurately, but an experienced estate sale company in Leawood, like Mayo Auction & Realty, can help guide you through the process. Here are two important tips when pricing furniture for an estate sale.
Our Estate Sale Company in Leawood Says, “Get an Idea of How Well the Furniture Has Aged”
One of the first things to do is gather all the information you have regarding your furniture. This includes the brand name, the receipt, the original regular price, and the material it’s made of. Once you have that, your estate auction company in Leawood says it’s time to evaluate your furniture’s condition.
What really sets the market for a piece of furniture is its overall appearance and functionality. If the furniture is barely used, it can be labeled “like new condition.” If the furniture has some signs of wear and is becoming discolored, your estate sale company in Leawood suggests labeling it “good condition.” Many furniture items in good condition still have all their functionality; they have just lost some appeal over time.
Be sure to subtract some value if you notice scratches, dings, rips, tears, or other signs of wear. Even with 100% functionality, you won’t be able to get full price for a piece of furniture that is a little rough around the edges.
Our Estate Sale Company in Leawood Says, “Look for Similar Listings Online”
Use the internet as a valuable resource when determining the final price of your furniture. Search for items that are similar to what you’re selling and check the prices. If your item is in better condition, you should sell it a little bit higher than the item you found online. If your item is in worse condition than the one you found online, you should probably sell it for a little bit less.
It is also important to look at items that are being sold locally to see what people in your area are willing to pay. Someone in New York might be fine with spending $1000 for a recliner, but someone in Leawood may only want to pay $500. Consider these factors before you and your auction company in Leawood choose the final price.
Are You Looking for a Dependable Estate Sale Company in Leawood?
Mayo Auction & Realty is a full-service real estate auction company in Leawood that effectively markets your property to the world. As a seller, you will enjoy getting market value for your property or assets in the time frame you need. We are a Leawood online auction company as well. As a buyer, you will enjoy our easy-to-use competitive bidding marketplace.
The Mayo Auction & Realty team is here to make your life easier, so contact us today. We look forward to assisting you with all your auction and estate sale needs.