Selling Used Furniture

 

There are 2 major avenues to sell your used furniture, online, and offline. Furnitures can be sold online through online classifieds, buy sell sections in forums, auction sites, and also through social networks. In Singapore, some of these online channels include Locanto, Gumtree, ST701, 88DB, Renotalk, etc; many of these websites allow people to post their ads up for free, and they do not charge any form of transaction fee.

You can also sell your furniture offline, to second hand retail stores like Cash Convertors, or to the rag and bone man (known locally as the karang guni man). With these options, the money that you’ll get in return for your furniture is usually very low, that’s because you’re selling your goods to resellers.

If possible, try to sell your furniture directly to an individual buyer online, you might have to wait a little longer to make a sale, but it’s a better option if you don’t wish to sell your furniture for a measly few bucks.

When you sell your furniture, you’d want to make sure that you’re able to sell it at the highest value possible. These are the factors to keep in mind:

1) Condition of your furniture

As much as possible, you’d want to make sure your furniture is in its best condition; visible damage on your furniture will drastically reduce your asking price, even if the damage is just superficial. Whether you should make repairs to your furniture depends on the size of the sale, for example, if you’re selling a leather sofa for a few hundred dollars, stitching up those holes along its seams is probably a good idea.

2) The value of your furniture

Know how much your furniture cost when it’s brand new, it’ll give you a starting point to price your sale. Different types of furniture hold their value differently, some of the more durable furnitures like dining tables hold out better than furnitures like sofas. There are also furnitures that actually appreciate in value as time passes, this is especially true for furnitures that have historical value, or are made of valuable materials, or created by known artists.

3) The terms and conditions of the sale

As much as possible, you would want each and every sale you make to be final; it’ll be incredibly problematic should the buyer decide to revert on his/her purchase afterwards. When you’re selling your furniture, it is best to be honest with the buyer; an easy way to do this would be to put yourself in the buyer’s shoes, and imagined how you’d feel if you discover a defect after you made your purchase.

With that said, you’d also want to make sure the buyer do his/her own thorough check, so that there’s a consensus of the condition of the furniture, and the likeliness of the buyer returning with unexpected complains is decreased.

Learn more about selling used furnitures from the articles in our blog.