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Where to Sell your Personal Property

John Grow by John Grow
November 15, 2023
in For What it's Worth
Reading Time: 5 mins read
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“Selling Stuff is Easy, All you have to do is give stuff away that will make people happy. And then sell stuff that makes them even happier”. – Frank Kern 

Statements of all my “Stuff & Things” are worth their weight in gold. Some people feel what they have is of high value. Only to find that the opposite is the case. And the persons who feel that they have nothing of value discover a hidden or forgotten item worth a fortune.

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This article discusses where it’s best to sell your personal property. Personal Property is anything that is movable. This does not apply to Real Estate which is an immovable property. Knowing what you have is the first step. Stories about how valuable something is, from family members on some items may not apply in today’s world.

Online sites, the most popular and known locally is Facebook Marketplace. Secondly is Kijiji and 3rd is Ebay, 4th is Craigslist. Facebook marketplace is the easiest. Just take a picture, write a description, and wait for any interest. Kijiji operates in the same way. E Bay is still popular but tied into PayPal The hassles of selling to potential buyers in the United States add an extra burden and might increase costs to be borne by the seller. Sadly, Craigslist is a forgotten chapter, still used, but not as popular. Please use caution, when dealing with unknown persons. Always have another person with you if you have someone coming to your home. Also, it’s not a good idea to meet a stranger in a parking lot. If you have to meet, meeting at a local police parking lot might be an option. If accepting cash, do you have a counterfeit detector? Sadly older $ 100.00 Canadian counterfeit dollar bills are still in circulation. It’s best to take a Seller and Buyer beware attitude. Most transactions are safe and beneficial to both sides. But it always pays to do your due diligence. 

Garage Sales & Flea-markets, there are many questions to answer before doing a garage sale or attending a flea market as a vendor. 1. Is what you are bringing to sell, worth the time, expense and trouble of doing it. I have seen many vendors with multiple tables of “Stuff & Things”, after paying the expenses of the tables, food, gas and your time, spent about 8 hours for $ 40.00 of sales that day. I’m not saying don’t do it but look carefully at what you have to sell. People are not buying “Stuff & Things” like before. 

Household Goods, Tools, Machinery, Autos, Motorcycles, Sporting Goods and Outdoor Equipment are commonly listed on Facebook Marketplace. Some furniture does well, depending on the price asked. Please keep in mind, that I’m referring to most household furniture and not aged antiques. Doing multiple listings on Kijiji for the same item is a good idea. Doing a search of similar items will see if you have any similar vendors selling the same or related items. Check how long the ad has been running. If the ad is a few weeks old, then the pricing might be too high, or there is no demand for the item. 

Works of Art, Paintings, Sculptures, etc… The number 1 rule is: If you think you have something special. It’s best to seek out an independent qualified professional who will tell you if you have something of value. The professional service will cost you some money. But far less than making a mistake and selling the artwork for pennies on the dollar. If you do have something which has value and you decide to sell the artwork. The best places are Canadian auction houses, Abbott Crowley, Waddingtons, First Arts, Heffel & Sotheby. These are the largest and most qualified to handle quality works of art. Web links are listed below.

Jewelry. Most jewelry is only valuable for its melt value of the gold or silver content. There are pieces which will bring a higher valuation, such as certain collections of designers. In some cases, certain costume jewelry can sell for large amounts unrealized by its owner. I have seen 16th & 17th-century jewelry mistaken for costume jewelry, the owners thinking that the pieces were costume jewelry due to its design, construction and use of certain gemstones, or polished glass. In these cases, it’s worth taking the pieces to your local qualified jeweller and asking him/her for an opinion. Please note: There might be a small fee for this service. Having peace of mind, and knowing what you have is worth the small expense. Please note: Photos can not be used to determine if a jewelry piece is valuable. There are too many factors that only a hands-on examination can provide the needed information. 

Watches, today’s men’s fashion statement. The popularity of Men’s watches has grown to a large accepting marketplace. The watch industry was almost destroyed due to cell phones. The used watch market is very hot, multiple sites offering to buy your quality watch or to sell you a used watch is numerous. If you are of the opinion that the watches in your procession might have value. Then take the time to go to your local qualified jeweller and ask him/her for an opinion. If you have a valuable watch, there are Canadian auction houses that will gladly sell the watch. 

Pawn Shops, made popular by shows like ‘Pawn Stars’. Not all Pawn shops operate in the same fashion as the TV show. If you are the owner of your personal property and require immediate cash, then this is an option. Check your local area for what is available. 

Weblinks: Auction House Abbott Cowley https://abbottcowley.ca
Auction House Waddington https://www.waddingtons.ca
Auction House First Arts https://firstarts.ca
Auction House Heffell https://www.heffel.com
Auction House Sotheby’s https://www.sothebys.com/en/
Pawn Shop (Cornwall) Anything goes Pawn Shop https://www.anythinggoesauction.ca

Disclaimer

Prestige Evaluation Inc. does not engage in any buying or selling of any personal property. Prestige Evaluation Inc. can not do any verbal appraising without a work file and consultation. It’s important for the seller/buyer to do his or her own due diligence, before accepting an offer to purchase or in selling your personal property. For any company referred or named in this document, there is no financial consideration or relationship between Prestige Evaluation Inc. and or John Grow. This article was not generated by ChatGPT. AI Free

Next Article: What is more valuable, Your “Stuff & Things”, or your Family, Friends and Cherished Memories?

For a hassle-free selling experience in Calgary, consider exploring private home buyers Calgary, where experts help assess and buy your personal property with transparency and convenience.

John Grow

John Grow

John H. Grow, ISA-AM, is a partner in the full-service appraisal firm of Prestige Evaluation Inc. and writes about personal property appraisal.

Do you want your items appraised by John? Send a picture and description to [email protected] for consideration. John might include a short evaluation in his next column!

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