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It is difficult to determine a standard price for selling furniture. Even if you can’t sell at market price, you should know if you can get a better price. Additionally, determining the value of used furniture can help you decide if it’s worth selling. Accurate product pricing is difficult because there are so many different prices, but there are always some general principles to help you trade.
Steps
Selling old things
- If you can fix a few small spots, do it now. If you want the buyer to bear the cost of the repair, you have to lower the price a bit.
- Check any old electronics to make sure they’re still functional.
- You can find the Furniture Valuation Guide online for prices for most products in your home.
- Find products that are similar to yours. If you know the manufacturer, model, or material of the item, look for items with similar features.
- If you don’t know the price of a product when it’s new, these sites are a great place to start.
- If the dress is in good condition and not too old, then selling 80% of the new price is reasonable.
- Multiply $500 by 80%, or .8. ($500 x .8 = 400)
- $400 is the base price for the dress.
- If you buy a beautiful bookshelf for $1,000, and the product is in new condition, you can sell it for $800.
- If the bookshelf is faded, older, missing shelves, or cracked and chipped, you can sell it for $600-700.
- For example, IKEA’s bargains have a clearance price much lower than the purchase price, no more than $20-100 a piece. That’s because they’re made of cheap materials, not to be moved and resold.
- If the product is slick chipboard – laminated and rough, you’ve probably bought cheap furniture. [4] X Research Sources
- If possible, provide the specialist with the year you bought it, the place of manufacture, and the model, or at least the origin of the product.
- Lowest price. Determine the lowest price you can sell so you don’t have to think right at the time of the sale.
- Desired price. The price you want to sell for, based on the value of the item and your desire to liquidate it.
- The require price. Same as desired price. However, bid slightly above the desired price, in the hope that the buyer desperately needs the item.
- Transportation costs. Who will come pick up and deliver the item? Make sure you agree on this before you sell.
- Remember that you don’t need to know if other people like the item or not, you just need to know if they think the price is right.
- If it’s still difficult, some websites like Splitwise Furniture Calculator and Blue Book Furniture will help you calculate the right price. However, please note that these prices are for reference only. [7] X Research Sources
Buy used furniture at the right price
- Bed: $50-300
- Wardrobe: $20-100
- Desk: $25-200
- Dining room furniture set: $150-1,000
- Dining table: $50-150
- Sofa: $35-200
- Armchair: $25-150. [8] X Research Sources
- If someone says “it’s expensive because it’s antique”, you need to ask about the year it was made. If they can’t give the information, or it’s made after 1970, it’s not antique. Think carefully about any price.
- Don’t buy cheap stuff — chances are you’ll have to buy something else shortly.
- Determine the highest price you can afford. Predetermine the price level now so you can exit if the price is too high. Don’t make a decision at the moment of purchase.
- Clarify your desired price point. This is not a tactic or a strategy. Be honest and upfront about the price you want — “I’d be willing to spend $200 on this table”.
- Flexible. If you don’t change your mind, don’t be afraid to negotiate. You should not spend more than previously decided, but you can negotiate with the seller.
- Keep in mind that you may have to replace or repaint the upholstery if the product is discolored or in need of repair. Consider this when buying and discussing with the seller.
Advice
- The more research you do, the better pricing you can potentially get.
wikiHow is a “wiki” site, which means that many of the articles here are written by multiple authors. To create this article, 14 people, some of whom are anonymous, have edited and improved the article over time.
There are 8 references cited in this article that you can see at the bottom of the page.
This article has been viewed 21,572 times.
It is difficult to determine a standard price for selling furniture. Even if you can’t sell at market price, you should know if you can get a better price. Additionally, determining the value of used furniture can help you decide if it’s worth selling. Accurate product pricing is difficult because there are so many different prices, but there are always some general principles to help you trade.
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