How Pawn Shops Work
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Posted On :
May-07-2010
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Article Word Count :
508
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If you have never been to a pawn shop, there's no time like the present to check one out. Some of the best deals in town can be had on general merchandise and those unique one of a kind items. Surprisingly, many people still do not know how pawn shops work and may be a bit skittish about the quality of the merchandise.
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If you have never been to a pawn shop, there's no time like the present to check one out. Some of the best deals in town can be had on general merchandise and those unique one of a kind items. Surprisingly, many people still do not know how pawn shops work and may be a bit skittish about the quality of the merchandise. Unlike a garage sale, where the seller is discarding something he no longer deems valuable, the pawn shop is quite the reverse. The pawn shop owner plays the middle man between a payout to the seller and a probable sale to the pawn shop customer.
When a person is strapped for cash, has exhausted all resources for a loan, and needs the money today, he may wish to take a prize possession and exchange it to the pawn shop dealer for quick cash. The lump sum of payment is generally far less that the item is worth, but there is no deception or swindling going on here. The seller needs the money, the pawnbroker has the cash. Even Steven. If the seller can raise the money to buy his item back from the pawnshop, then the cash payout served as a collateral loan. However, if he's a no-show after the agreed amount of days to reclaim, the item is placed on display in the pawnshop, often at a best bargain deal to the pawn shop customers.
Almost every medium to large city has a pawn shop, but some of the best places for a buyer to go are the pawn shops near to a casino. The Las Vegas area is a booming pawn business, often carrying luxury items and high ticket merchandise knocked down to bargain basement prices. Compulsive gamblers may be the primary producers of pawn shop fine jewelry and watches, and although it may seem like taking candy from a baby, it is all fair game at the pawn shop cash register. Pawn shops are legal and, no matter what kind of insane discount the seller accepts for his wares, the transaction is final. Very few sellers will ever return for their hawked goods which will end up in the hands of a buyer with cold, hard cash.
One caveat to pawn shop customers is to be certain you have checked out electrical devices before you make your purchase. Items such as lighting fixtures and electric guitars could be defective and you would never know until the deal is sealed. Electrical repair on such items can be costly, and therefore, undermine the savings you just earned by shopping a pawn. However, for the most part, pawn shops are a great way to save money, find rare treasures, and even set up a relationship with the owners to call you when a particular item comes in. You may also wish to sell your own merchandise through this venue one day, and its better to do business with a pawn shop broker that you know and trust to deliver a square deal.
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Article Source :
http://www.articleseen.com/Article_How Pawn Shops Work_18221.aspx
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Author Resource :
Joe Cline writes articles for west Austin real estate. Other articles written by the author related to Austin homes for sale and Austin real estate can be found on the net.
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Keywords :
Austin homes for sale, Austin real estate, west Austin real estate,
Category :
Business
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Business
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