3 Tips to Getting a Fair Price
I love shopping for antique furniture for my home but years ago when I
first started out, I really didn't know what I was doing and I'm sure I ended
up paying more for some pieces than I should have. Shopping for antique tables,
chairs, desks, and other furniture without paying more than you should is great
fun but it can also be difficult and confusing unless you know some basic
guidelines to help you come up with a fair price for both you and the seller.
This article will give you some basic tips so you can determine the value of
each piece allowing you to get the best deals.
First, do your homework in advance by reading and studying buying guides
and auction sale lists for the type, manufacturer, and style of the furniture
you are considering. When you find out the recent selling price of furniture
you are interested in, you will gain a good understanding of the value of
similar pieces that are currently for sale. Then, you can determine whether the
price is something that makes sense.
Next, realize that there are two primary characteristics of an antique
furniture piece that determine its value: Age and condition. Generally
speaking, an older table or chair that is in pristine condition will fetch a
higher price than a similar piece that is not as old or has scratches, dents,
or stains. The good news though is that when you are looking to buy antique
furniture that is not in mint condition, you have more negotiating room when
talking price with the seller. So examine the piece carefully for a flaw since
this will help you come up with what you think is a fair value and price.
Finally, the type of sales outlet in which you are shopping can greatly
influence not only the asking price but the actual price you will pay for your
antique furniture. A traditional store will often price items to reflect the
condition of the piece, its history, and rarity. This is where your own
knowledge based on your homework (see first tip above) will come into play so
you know whether the price is in line when compared to the information you have
gathered in advance. Alternatively, in a consignment shop, the owner may have
priced the piece based solely on his own opinion of its value rather than
market factors. In either case, always be open to making an offer based on your
own determination of value. You will be surprised at how many times your offer
will be accepted.
Armed with these tips, you fill find your antique furniture shopping
excursions more adventuresome, more rewarding, and more fun. Keep in mind that
prices are not set in stone and that haggling on price is part of the game.
Start with a reasonable offer and many times you will find you are able to
purchase your antique furniture for less than the sticker price. You will feel
satisfied knowing you got a good deal at a fair price. As such, you will enjoy
your antique furniture even more!
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