If you own a Rolex, then you’re probably working out how best to sell it and make some money. However, it’s very often not as simple as you might think. There are a lot of different places you can sell a Rolex, but not all of them are suitable. There are definitely some locations where you should not sell a Rolex, because it just won’t give you the right value, and one of these arenas is the private setting.

You might think that selling a Rolex on the private market is the best way to make a bit of money, but the truth is that you’ll run into a lot more hassle than you initially thought possible. Let’s talk a little bit about what setting on the private market can entail, and why it’s better to work with a professional company.

Undercutting, Lowball Offers and Bad Sales

The biggest problem that you will have if you try and sell your Rolex in a private setting is that you’re either dealing with people you don’t understand the value of the product that you’re offering, or you are getting into negotiations with collectors who want the item for as cheap as possible.

The other problem with private sales is that you don’t have any kind of assurance that the person you are selling to will honor their end of agreement. It’s very easy for people to commit to a sale and then back out at the last minute because there is nothing binding them to the agreement.

Unfortunately, a lot of people try and sell a Rolex on places like eBay because they think they will get them the right kind of deal, but the truth is that they just open themselves up to a lot of issues. There is definitely a better way to do things, and that’s to sell to a company.

Sell to a Company and Get Proper Value

There’s two really important things that you need to remember when you deal with a company. Number one, they’ve got a lot more money and resources available, so they can give you a proper price. Number two is that they won’t back out of the deal last minute, they are much more likely to honor a sale.

These kinds of assurances can make selling a Rolex a much easier thing to do. Ultimately, it’s up to you to pick the right person to sell to, and in most cases, it’s not actually about a person at all, it’s about finding a company.

Sell Your Rolex Today

So, if you’re going to sell a Rolex, you need to make sure that you are taking advantage of the fact that professional companies exist and they would be happy to help you. These kinds of people are running legitimate businesses, and they are more than happy to give you competitive market values for your Rolex, which will help you a lot when it comes to getting the best deals.