We all go through periods where we need fast access to a little extra money, and liquidating valuables in our possession such as luxury watches is an easy way to get the funds we need quickly and easily. Selling something can be a little nerve-wracking, though, especially if you haven’t done it before and aren’t familiar with the process. Here is everything you need to know about how to sell luxury watches to a trusted dealer.
Sell or Pawn?
If you’re selling your watch in a manner that makes it irrecoverable, such as on eBay or through an auction house, it’s really important to make sure first that you genuinely want to sell it. If your watch has emotional significance, if it was a gift or heirloom, giving it up forever might not sit well with you, especially once the panic of needing money wears off.
The beauty of going directly to a pawn shop is that you can get fast cash for your watch, but retain the option to reclaim your luxury watch at a later date. At a pawn shop, you can pawn the watch instead of selling it, which uses the watch as collateral for a loan, opening a 90-day window wherein you can repay the loan and get your watch back. If you are ready to simply part with your watch, then you can certainly just sell it to a pawn shop and get your fast cash outright. Basically, if you are to sell your watch to our pawn shop, there is no option to retrieve the item later. You would have to explicitly pawn it to retain that option.
Do Your Research First
It’s always a good idea to know a little about whatever item you are selling. Look up the brand to identify your watch and learn a little more about it. Try to find out more about the metal content and any other special features. Also be sure to look at how much it typically sells for. This will help you to answer questions when you bring it to a watch buyer and also ensure you can recognize what a fair price actually is.
Consider Your Options When Selling
There are multiple ways to sell a watch, and not all of them are through a watch dealer. For instance, you might choose to sell your watch yourself online. You might make more money that way, but you’ll also have to wait longer for the funds, leave yourself vulnerable to online scams, and forego the option of getting the watch back once the need for money has passed.
Come In for a Quote
Once you’ve decided to sell to a watch buyer, it’s time to come in for a quote. When you bring your watch to Oro Express Chandler, our experienced staff will assess its value while you wait and make you a fair offer based on our expert knowledge of the industry. Visit us today to find out more about how easy it is to pawn jewelry, watches, or electronics.
Image: Nor Gal