Friday, August 5, 2011

Main Checkpoints Before You Buy a Used Item

Buying used generally saves you some money, however, there are few details you’ll want to check before parting with that cash. You don’t want to pay for something and then realize it won’t work for you or it is nothing but junk.  Being conscious about what you buy used and the functionality of it will help you to decide if you should make the purchase or pass it over.

When you seek out used items, you have to keep in mind that there is a reason that someone doesn’t want it. That could be due to it not working, that they don’t need it, or that they have to downsize. The problem is that people often overprice items due to the emotional connection they have with the item or items they are selling.

As the buyer, you need to be able to focus on the details of the purchase. Have a good idea of what the value of something is. PriceAdvice can help you with that—do a search on our site and then you will know if they are offering a fair price on it or not. You can even do it on your mobile phone!

If they are pricing it too high, negotiate. This is more difficult to do if you are purchasing online, but, it is possible.  If you are using Craigslist or purchasing from a garage sale, they may be willing to accept less in order to complete that sale right there on the spot. Try to get to garage sales, estate sales and other locations early. The saying, “the early bird gets the worm” is very true when it comes to used merchandise. You will find the best things go first, so if you arrive early you will have the best pick.

You may be able to find some great used items that you don’t need, but that can make you money as well. For example, clothing, coins, paintings, and more are often priced low at rummage sales and garage sales. If you can get items like these for less than they are worth, you can turn around and sell them online for a profit.

When you consider buying any type of electronic item, ask a lot of questions.  Online sites like eBay require the condition to be clearly marked, but that isn’t fool proof.  If the listing doesn’t include photos of the actual item you are purchasing, ask for them.  This will allow you to at least visually see if there is any damage that may stop you from purchasing.

If you are buying in person, ask the seller if you can plug it in to see if it works. This can include appliances, TVs, computers and more. That way you will be able to determine if the item has any real value or not. Just because something is broken, don’t automatically skip it. If it can be easily repaired and you can purchase it inexpensively, then with only a small investment it will be as good as new.

By using some simple rules like these, you can save a lot of money on buying used items. If you live by the saying, “make a plan and stick with it,” you may find that you may get addicted to buying used items to save but keep making money along the way. That is a good addiction to have.

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