Things You Need To Know Before Selling Your Pre-Owned Rolex. - Diamond Banc

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Things You Need To Know Before Selling Your Pre-Owned Rolex.

There is plenty of prestige and class that is acquired by a person who is wearing a Rolex watch. It doesn’t matter if that Rolex watch has been pre-owned. People recognize the Rolex name and attribute high status to the person wearing it. If you want people to notice you and the watch on your wrist, then you know that feeling when wearing a Rolex. There is a unique esteem that comes with it that is difficult to describe, but you know that it exists.

WHY DO PEOPLE SELL ROLEX WATCHES?

 
Gold and Silver Expensive Watch

There comes a point in time when you may consider selling your pre-owned Rolex. You might start to look for Rolex buyers near me or seek other methods of pawning your Rolex. Perhaps you need to raise some immediate capital, and selling your Rolex is the quickest way. Alternatively,  you may just desire to upgrade to a different model. Regardless of your motive, the fact remains that you need a way to sell your Rolex that is quick and easy.

In order to get the most when you search for Rolex buyers near me, make sure you know why you are selling your Rolex in the first place. You need to have an honest conversation with yourself to ensure that you are selling your Rolex for the right reasons. It’s best not to show up at the shop ready to sell only to find yourself backing out of the deal. You need to be fully committed to your mission of selling your precious Rolex if that is what you decide to do.

HOW TO GET THE MOST OUT OF A ROLEX TRANSACTION

 
There are many key factors that go into determining your payout for your Rolex watch. Do not undercut yourself by being unaware of its value, but also don’t stroll in thinking that you will make more money than it’s worth. Be educated and you will more likely receive a fair transaction.

Let’s look at some of the basics of what details determine the value of your Rolex watch.

LOCATE THE REFERENCE NUMBER

The reference number of your watch is a critical detail. Locate the reference number which is engraved between the lugs on the 12 o’clock side where the bracelet meets the watch case. Your reference number is unique to your watch.

Hopefully, you have also retained the original paperwork that it came with. This will allow you to establish the model that you have in your possession. Avoid under-valuing your timepiece by not being aware of its worth. This could cost you a significant amount of money.

MARKET VALUE VS. RETAIL VALUE

You may misunderstand what the true value of your Rolex watch is when discovering the retail value. This differs greatly from the market value, which is what you will actually receive when you sell your watch. Realize, the establishment where you sell your Rolex needs to make a profit from reselling your watch. Thus, they will purchase it at a much lower price than its true worth.

The best way to think about the value of your Rolex watch is in terms of its market value. The money that you receive for your Rolex watch is entirely dependent upon the market value – based on supply and demand. Focusing only on the retail value will likely set a false expectation that you will lead to disappointment.

WATCH CONDITION

A pre-owned Rolex will not be worth as much as a brand-new Rolex no matter how well it has been treated. That said, there is some reasonable hope that one might get a decent price for their pre-owned Rolex as long as they have taken good care of it.

Rolex-Condition

The condition of one’s watch is incredibly important when trying to determine what it might sell for. Have you properly maintained your watch at all times? Have you polished it, cleaned it, and taken it in for maintenance as necessary? If so, then you are likely to get a better price for it than you otherwise would have. The market rewards those who have gone through the trouble of keeping their possessions looking mint. 

FINDING THE RIGHT BUYER

We can never overlook the fact that finding the best buyer for your Rolex watch may be just as important as anything else. There are some buyers that you will want to work with every time, and there are others that you know you should stay away from at all costs. Determining which ones to work with is a matter for you to think about very carefully. You don’t want to hop into a deal with someone who is going to undercut you every time.

Another consideration to make is if there are Rolex buyers near me. Are you really going to travel all the way across town or even across the state to meet up with someone who may be interested in your Rolex watch? Perhaps you should take a chance like that, but not everyone will. Thus, it is reasonable to ask yourself about what you are truly willing to do to get your Rolex watch sold. You shouldn’t be made to feel bad if all that you can do right now is the bare minimum. There is a lot going on in everyone’s lives these days, and it is nice to know that you still deserve to get a fair price for your Rolex no matter what.

SHOULD YOU SELL ONLINE?

 
This is a tricky question for many owners of pre-owned Rolex watches. Choosing to sell online may mean getting a better price or at least being able to sell the watch faster, but it also increases your chances of being taken for a ride. Internet buyers are looking to negotiate on prices regardless of the value. However, there is always a bountiful supply of buyers on the Internet, and this is appealing to some people. They know that they can liquidate their watch rather quickly online, and that is all that certain people care about.

When considering whether you should sell online or not, also keep in mind that you will have to apply extra work in terms of photographing and marketing your Rolex watch. You need to place your best foot forward as far as all of that is concerned, and you may or may not get the results that you had hoped for. If you are not able to turn your watch into a price that you can be happy with, then you can always pull the listing and decide to sell it in the real world after all.

You are going to be faced with many options and many choices when it comes to your Rolex watch. Some of those choices will probably be in your favor, and others will not. You must decide how to balance it all out and how to get the deals that you need right when you need them. If you can hold out for a better price, then you should probably do so. However, if you need to get your jewelry sold out from under you right this moment, then you should also consider this to be something that you simply have to do at this time. Just make sure you are at peace with any given decision that you make in this arena.

Diamond Banc is the nation’s top-rated jewelry buyer & lender. Visit one of our nationwide locations, or work with us from the comfort of your home.

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