Most of the major online auction sites are reporting a drastic increase in the number of new sellers and listings as well as the condition and value of items being auctioned. People that used to sell to get rid of junk and clutter are now selling newer and more personal items for huge discounts in order to make a quick sale. Bargain savvy buyers are now finding things like near mint condition electronics, sporting gear, clothes and accessories all at a fraction of what they would be selling for a year ago. Its not at all uncommon to find steals on items of greater size being sold by financially challenged sellers like cars and boats for instance.
What about walk-in stores you ask? Shoppers at thrift and second hand stores can regularly find designer and name brand apparel due to former high end fashion buyers looking to make a quick buck by selling back clothes to consignment stores. Pawn shops are seeing an increase in the quality and quantity of jewelry and electronics being brought in. Those looking to get lucky may be able to find iPods, newer video game systems, and professional music equipment. There are also huge discounts and savings to be had at dealers that sell refurbished items. These are returned or defective items that have been repaired, restored, and retested to meet factory standards. In this case you are more or less getting a new item. A lot of these items are hardly used and in immaculate condition.
Loss of jobs, upsidedown home values (houses being worth less than one owes on a mortgage), combined with increases in gas prices along with other factors have pushed people to sell belongings that they otherwise intended to keep for the long haul. If you are not in on the increasingly popular second hand trend you may be missing out on big savings. Those that don't mind the idea of something they just bought having been used are already making gains on other peoples' loses. More than ever now you may find newer items at a fraction of what you'd pay new at a retail store. Even most outlet and discount stores can't compete with second hand savings. Downsides to buying second hand include not knowing if a prior owner may have had a transferable illness, items being close to breaking down, and the karma that comes with an item (if you're into that sort of thing). As always, buyer beware.
Published by ryu184
Marcus McCray is a real estate consultant in the San Gabriel Valley area of Southern California. With a background in consumer credit, finance, and investing Marcus McCray consults his clients to better thei... View profile
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