Why Investing In Consignment Furniture Is A Wise Idea

Posted on: 2 March 2017

If you need new furniture for your home or you just want to upgrade to newer pieces, consignment is a great route to go. Consignment furniture is different than second-hand in the way it is sold: the store who displays and sells the item pays a percentage of the profits to the seller or individual who owns the piece. In some cases, consigned furniture is purchased by the retailer outright from the seller, and then they sell the furnishing at a small profit. Here are reasons why you may want to turn to consignment furniture over other options.

High quality for a low price

If budget is an issue for you, then consignment is a great option. Unlike a second-hand piece of furniture, which is donated by the previous owner, consigned pieces are negotiated so the owner can make some money. Stores typically will not take the risk of putting their efforts and store space into an item unless it is a name brand, an otherwise popular seller, or it's in excellent quality. You can expect consigned furniture to be relatively modern in style and of a quality similar to or better than showpieces that you can buy at a discount on furniture storeroom floors. You can make a purchase of a high quality and modern piece of furniture at a much lower price, which benefits you, the original owner, and the store that is promoting the product.

Negotiation

Consignment furniture is often listed for sale at its most hopeful price point with some wiggle room for negotiation. Since the store is selling the item for the owner of the piece, you don't have to worry about the store trying to recover the purchase price and the overhead of storing and showing it. This can help you get closer to the price you are willing to pay for a new-to-you piece of furniture without going too far over your budget. Before offering any price for a consigned piece, look up its new value and ask the store representative how long the furniture has been on their floor. The longer they have been trying to sell it, the better price you can come up with to pay.

Keep in mind that when you are buying furniture that is on consignment you will likely be unable to make monthly payments. Having cash with you that you can pay upfront can certainly help in negotiating a comfortable selling price for you as well. For more information, contact a company like Surroundings Fine Consignments For Your Home.

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