Interested In Consigning?

Posted: October 22, 1999

Need some quick cash? Moving? Consigning may be the easiest way to unload unwanted furniture in a hurry without a lot of hassle.

"We start out by asking the person what they paid for the furniture," said consignment store owner Jeffrey Cofsky. "If it is in good condition, we'll put it on the floor for half of the original cost."

If the piece was handed down or is an antique, Cofsky and other store owners can look it up in their furniture-pricing books. Eventually, you and the consignment store owner will agree upon a price. When the furniture is sold, you will share the proceeds at a pre-negotiated percentage; most stores split it 50-50 with the seller.

Ask about pickup costs. Depending on how many pieces you want to sell and where you live, the price can range anywhere from $45 to $100. It's important to obtain this information up front.

"Placing an advertisement in the newspaper is expensive," said Joyce DelConte, of Voorhees, N.J., who redecorated her home from traditional to contemporary. "I don't want to open my house to strangers. I also wanted to eliminate the hassle of people making appointments and never showing."

With several hundred people a day browsing through consignment showrooms, odds are good that the furniture will sell fast, DelConte said. "You may only make half of the negotiated price, but it's worth it because it saves a lot of time and you'll wind up with a few extra bucks you may never have gotten."

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