Gs4 Security: Pawn Shops

Wednesday 19 December 2012

Pawn Shops

Where you got an item need-to-know basis, and they don’t need to know. Telling a Pawn Shop you found it at a tag sale is a green light for them to make a low offer because they think the item has no emotional value to you. It gives them the message that you’re perhaps more likely to part with it for a smaller profit since it doesn’t mean much to you.Pawn Shops don’t need to know how much you paid for it, so if they ask, just politely decline answering them.Remember, it’s the Pawnbroker’s job to determine an item’s value because they’re there to make a profit. If they’re really interested in buying your item(s), they’ll spend the money to have it appraised. Telling them how much it’s worth is not your job, they need to figure this out.If you share the amount you’re looking for on an item, it will most likely lead to the Pawnbroker getting the better deal in this transaction. Simply letting the Pawn Shop make the first offer, at least you can see if you’re in the same ballpark for the price you’re looking for. Remember, Pawn Shops need to make a profit, so many times they’ll make an offer at 1/2 price for what the item is worth.