How to Sell Your Pre-Owned Designer Handbag

If you’ve fallen out of love with some pieces in your wardrobe, or if you simply need extra cash fast, you can sell luxury items that you already own, including pre-loved designer bags. Pre-owned bags can sell for anywhere between a few hundred and a few thousand dollars, so selling your luxury goods is a great way to make a significant amount of money in a short amount of time. If you’re a Tustin resident looking to sell your pre-owned luxury handbags, here is a quick guide on what to do to sell luxury items quickly and for maximum value.

Do Your Research

The fashion resale market is worth more than $25 billion and is growing every year. There are dozens of methods and resellers to choose from when it comes to selling your used luxury goods, from pawn and loan shops to online boutiques. The first step to selling your items is to research the best places to sell your pre-loved handbags at high value. If you’re looking for a reliable reseller, you should do more than click on the first link when you Google “Where to sell my designer handbag”. Instead, take the time to do thorough research about trusted resellers in the Tustin area. Look at Yelp reviews, Google reviews, website testimonials, and their online catalog. You should also research what your pre-owned handbag is worth, both retail and secondhand, so you have a clear idea of what value is fair when receiving an appraisal. 

Make Sure It’s Ready to Sell

Once you know where you want to sell your handbags, make sure the bags are in peak condition and have all possible accessories included. This means collecting together the original box, dustbag, authenticity cards, and anything else that came when you purchased the item retail. You can still sell your designer bag if you don’t have any or all of these items, but it will likely sell for a lower value. You should also clean the bag as best you can in order to maximize value. Having obvious signs of wear like stains, scratches, dulled leather, or a misshapen bag will lower the resale value. If possible, take your designer handbag to a handbag spa such as the one offered at Watch & Wares. Handbag spas offer professional cleaning services, leather moisturization, stain protection, odor or mold removal, edgewear restoration, color touch-up services, and more. Making sure that your bag is in the best condition possible will guarantee you the best price possible when it comes time to sell.

Get An Appraisal & Collect Your Cash

Once your items are ready to sell, bring them into Watch & Wares for appraisal. We accept brands such as Chanel, Hermes, Louis Vuitton, Prada, Saint Laurent, Gucci, and more. During your appointment, one of our expert staff will assess your handbag to determine a fair resale market value. We consider factors such as name brand, model popularity, age, condition, material, and color when determining value. Once we have extended an offer, you can collect cash for it same-day if you choose to sell. However, there’s never any pressure or obligation to sell your items. We always strive to provide a safe and comfortable appraisal experience for every customer.

If you’re a Tustin resident looking to sell luxury items, don’t just turn to any local pawn and loan shop. Watch & Wares is located in the heart of Tustin, and our expert staff has more than 25 years of experience appraising and purchasing pre-owned designer handbags. We offer some of the most competitive rates in the area, which has helped us gain the trust of your Tustin neighbors. To schedule an appointment or to find out more about our handbag services, give us a call at (714) 731-9600 today.

How to Get Money Fast by Loaning Your Valuables

Unfortunately, more Americans than ever are looking for ways to earn cash fast due to sudden job insecurity and financial instability. With many employers reducing or shutting down operations for the next few weeks or months, finding a steady income is proving to be a significant challenge for Irvine residents. However, one way to make ends meet is by taking out a collateral loan from local pawn and loan shops.

What is a collateral loan?

A collateral loan is a loan secured by something you own, such as a loan on Rolex watches, jewelry, or designer handbags. In the process of a collateral loan, the pawn and loan shops will hold onto your collateral and pay you a fair value for those items. If you repay that loan within the agreed-upon time frame, your item will be returned to you. If you fail to repay the loan, the lender will keep your collateral as payment. Many people prefer collateral loans because they have no effect on your credit. Whereas bank loans are dependent on your credit score and can damage your credit if you fail to repay, collateral loans will never affect your credit and you often don’t require a credit check to qualify. 

What can I loan?

Just about any physical asset can be used as collateral for a loan, depending on your lender. At Watch & Wares, we accept watch loans and jewelry loans as well as loans on rare items like coins, fine art, antique valuables, and other luxury goods. We begin by appraising your item and determining its current market value. Once we have offered a loan amount that you agree to, we’ll give you the cash same-day and issue you a loan ticket that clearly states all the terms of your watch loan or jewelry loan. All of our loans are four-month terms with a generous ten-day grace period. Our interest rates are state-regulated, and repaying your full interest amount allows you to extend the loan period if needed. If you fail to repay your loan on time, we will keep your used Rolex watches or other luxury items as repayment for the loan. If you do repay the loan in full, we will return your items to you right away.

Why choose Watch & Wares?

Watch & Wares has been a reliable source of luxury pawn services since 1991. We have a stellar team of industry experts and trained gemologists that can provide accurate appraisals and unparalleled customer service during the loan process. Whether you’re looking to take out a loan on Rolex watches or designer handbags, we offer some of the most competitive rates in Southern California. We offer generous loan terms, and our process is fully transparent. Other pawn and loan shops can be untrustworthy, unfair, or even unlicensed. Here at Watch & Wares, we always offer a safe, comfortable luxury experience. 

If you have used Rolex watches or other luxury goods that you’d like to loan for same-day cash, call the experts at Watch & Wares. We’ve earned the trust of your Irvine neighbors, and we’d love to earn your trust as well. To make an appointment at our Tustin location, give us a call at (714) 731-9600 or fill out a contact form on our website.