Home Furnishings What sells, what doesn’t, and what to pay

What Sells:

  • Upholstered items.Solid-color sofas, sectionals, comfortable chairs, and sleeper sofas
  • Leather furniture.Leather sofas, chairs and other items
  • Wooden furniture. dressers and bookshelves and chairs especially.
  • Dining sets.Dining tables and chairs –contemporary over traditional.
  • Buffet tables.These have become popular as stands for large, flat-screen TVs.
  • Midcentury modern furniture.Midcentury and retro styles
  • Inexpensive, unframed modern art on canvas...
  • Contemporary lamps.Newer lamp styles with shades in good condition sell well. Older lamps – unless they are midcentury modern – will just gather dust.
  • Unique items.Vintage pieces, garden tables and anything else that isn’t run-of-the-mill.
  • Home Accessories.That are useful and/or attractive

What Doesn’t Sell:

  • Heavy, large or modified wood furnishings
  • Glass dining tables.
  • Pricey fine art that is framed
  • Patterned upholstery — flowers, stripes and plaids don’t sell well.
  • Furniture from the late 1970s and 80s
  • TV armoires.Today’s large-screen TVs don’t fit in them.
  • China and china cabinets.
  • Rugs
  • Items made of brass.
  • Figurines

What to pay

Prices of home furnishings must be competitive locally.  Home furnishing, as a rule, are priced from 33% to 50% of retail–higher for items in new or like new condition and for better selling items, and lower for less popular items that sell more slowly.  If like items are being sold locally, matching or beating these prices, within reason, generally takes precedence.  Prices are typically reduced every month or two to rid the floor of deadwood.
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This discussion draws heavily from the experience of NextGen clients, and from an article by Cameron Huddleston, “What to sell and not to sell at Consignment Shops,” Kiplingers Personal Finance Magazine 6/20/13

The Home Furnishings Pricing Tool: Locally based

While a number of Home Furnishing consignment and resale shops have used NextGen’ pricing tools for years; they’ve used them for women’s, men’s and children’s items as NextGen has only recently developed a pricing tool for home furnishings.  Much to their satisfaction and thanks to their help, NextGen has now added a Home Furnishings Pricing Tool.

In the course of developing the tool, we’ve grown to appreciate the big difference in pricing and paying for Home Furnishings and pricing and paying for childrens, women’s and men’s apparel, accessories and gear.

As with politics, per Tip O’Neill’s famous quote, the reselling of home furnishings is a local affair.  Much more so than women’s, men’s and children’s items, “right” Prices and Payments are determined locally.  This is manifest online with the dominance of nationwide resale outlets for women’s men’s and children’s apparel, footwear, and accessories and the dominance of Craigslist and other local outlets for home furnishings.

The local nature of the home furnishings market, worked against efforts to arrive at suggested prices tracing to prices nationally and regionally, and led instead to a focus on improving the speed and efficacy of local price identification. .Unlike the other pricing tools, there are no suggested prices.  It is purely an online reference tool, providing for the ready reference of local resale sites and where weak, of national retail sites.