How to Price Used Furniture

How to Price Used Furniture

Are you wondering how to price used furniture? There are several factors to consider when figuring out how to approach determining what secondhand furniture pieces are worth.

New Furniture Retail Pricing

Before figuring out the value of used furniture, it's important to know how much similar pieces would cost if purchased brand new from a retail store. Typically, used furniture should be priced significantly lower than comparable pieces that are brand new. If the price is too close to retail, people are likely to opt to buy new furniture rather than purchase secondhand pieces.

Furniture Condition

The condition of used furniture is the first factor that should be considered when determining how to price used furniture. Furniture that is in excellent condition, obviously, is worth more than pieces that are in need of repair. If the frame is sturdy and the upholstery is clean and free from tears, the price can be set at a higher point than if repairs are needed.

Age of Furnishings

The age of furniture items can also impact what the asking price should be. Unless you are dealing with valuable antiques, pricing for used furniture is typically inversely proportional to age. In most cases, furniture that is several years old should be priced lower than that originally purchased within a few years. However, there are exceptions, based on quality and condition.

Style

Whether or not used furniture is in style should also have an impact on the pricing of used furniture. Newer pieces that are very trendy may go out of fashion very quickly, and so lose their value fairly rapidly. Traditional pieces that are likely to remain in style for an extended period of time may hold their value better over time, provided they remain in good condition.

Comparison Pricing

It's a good idea to look at what used furniture similar to what you are considering buying or selling is being sold for when you are trying to determine appropriate pricing. To learn what others are asking for similar pieces, look in the classified advertising section of your local newspaper, check out eBay availability, visit CraigsList.com, and check out other publications and websites where people in your area may shop for used furniture.

Be Realistic

If you're selling used furniture, it's important for you to remember that you can't expect to recoup all – or even most – of the money you spent when purchasing the pieces new. Regardless of what you paid, people who are shopping for secondhand furniture will be looking for a bargain on pieces that meet their needs.

If you're in the market to purchase used furniture, it's important to realize that you aren't going to be able to buy like-new furniture for pennies on the dollar. Before you start shopping, know what your budget is and target your search accordingly.

Ultimate Furniture Bargains

If you're looking for the best possible price on used furniture, consider visiting local thrift stores or plan to spend a few Saturdays shopping at garage sales in your community. You just might find a great bargain on secondhand furnishings for your home.

For more bargain furniture ideas, see:

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How to Price Used Furniture