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Selling used office furniture can offset the cost of upgrades. Determine if there is a market, choose a selling method, prepare and value the furniture, and clarify delivery options. Online classifieds, online bidding sites, and local furniture liquidators are options.
When a business or individual updates office furniture, there is usually a market for the previously owned furniture. Selling those items can help offset the cost of the upgrade. Selling office furniture is often a five-step process that includes determining if a market exists, finding ways to sell the assets, preparing and valuing the furniture for sale, selling it, and delivering the furniture.
Begin the process of determining if there is a market for used office furniture by examining local and online classified ads, local used office furniture stores, and online auction sites. The individual wishing to sell office furniture should verify that the type of furniture she owns is being sold and, if so, at what price. If a market exists, make sure that current prices allow for the sale of the available furniture at a sufficient yield to make it worthwhile.
There are three relatively simple ways of selling office furniture and the furniture owner should choose the method that promises the best chance of selling at the best price with the least amount of time and money invested. Online classified ads are often free and can be tailored to regional buyers, but beware that these ads often result in a flood of unwanted responses such as spam and solicitations. An online bidding site is typically a safer, more targeted method of selling office furniture where the seller pays a small fee to the site. The easiest method is to have a local furniture liquidator pick and sell, but this is also the most expensive method as commissions can be as high as 50 percent of the sale.
Once you’ve determined your preferred method of selling office furniture, the next step is to prepare and evaluate the furniture for sale. It pays to clean the furniture and make those minor repairs that are easy and cheap to do. This relatively simple work up front can significantly increase the final sale price. Price of furniture according to the market determined by reviewing other furniture for sale. Be reasonable as it is unlikely that any used furniture can be successfully sold above current local prices.
The furniture seller should clarify whether the furniture will be delivered, shipped or needs to be picked up. Typically, the size of office furniture makes long-distance shipping costs prohibitive in the used market. It is common to expect local buyers of used office furniture to pick it up themselves.
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