Description
Examine items to search for any damages or signs of deterioration and take into account the current demand for used goods of the item’s nature in order to set a likely price at which the item can be resold, and to determine the manner in which the item can be sold.
Alternative labels
determine value of used items
establish resale value of items
estimate resale value of items
Skill type
skill/competence
Skill reusability level
sector-specific
Relationships with occupations
Essential skill
Determine resale value of items is an essential skill of the following occupations:
Pawnbroker: Pawnbrokers offer loans to clients by securing them with personal objects or items. They assess the personal items given in exchange for the loan, they determine their value and amount of loan available and keep track of inventory assets.
Personal property appraiser: Personal property appraisers undertake detailed analysis and investigation of personal items such as books, wine, arts and antiques in order to determine their value for sales and insurance purposes. They assess the value of the items, taking into account the age, current condition, quality and if any repairs are required. Personal property appraisers prepare appraisal reports.
Optional skill
Determine resale value of items is optional for these occupations. This means knowing this skill may be an asset for career advancement if you are in one of these occupations.
Business valuer: Business valuers provide valuation assessements of business entities, stock and other securities and intangible assets, in order to assist their clients in strategic decision-making procedures such as mergers and acquisitions, litigation cases, bankruptcy, taxation compliance and general restructuring of the companies.
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