How To Sell It All

Sometimes it’s time for a really big change. Maybe you’ve had it with the city you live in an desperately need a change of scenery. Or perhaps that acting career is calling to you and you want to give it all up to follow your dreams in Hollywood. Or maybe you’re moving to a new home and want a completely fresh start. In either case, you’re probably going to be selling a vast majority of your items. Now, depending on the circumstances, you’ll want to use a different approach, as some ways pay more, and some are rapid.

If you don’t have a whole lot of time on your hands, you may want to just sell everything lock, stock and barrel, try an estate sale at an auction house. Here, your entire home and all your belongings with it will be sold to the highest bidder. You may not get the most money, but it does the job fast.

If you’ve got some time on your hands, getting the most money for your fresh start will require that you sell to individuals. So get out your camera and hit up sites like ebay and craigslist. This is how you can make the most as there is no middleman involved. Just you and the buyer. This can take time (as certain items don’t have a huge amount of potential buyers) but will give the best payoff.

You could of course, use a combination of the both. Select the choice items for private sale and auction off the rest as a whole lot. This gives you a good balance of time spent and money earned. You won’t be terribly delayed for your fresh start, buy you’ll also have some decent funds to hit the ground running.

 

What To Do With “Worthless” Items

yard-sale-signDuring a bout of spring cleaning, we will often encounter many items that we no longer use, but which have some potential resale value. These things may end up in a garage sale, a pawn shop in Hollywood, or even with a friend. But what about the tons of other stuff? The things which aren’t exactly trash, but are kind of worthless? Well, let’s see.

Clothes

Clothes were either very expensive from the get go and thus have some resale value, or they aren’t. So if you have a load of average clothes that you don’t use anymore, don’t expect to make any money reselling them. A better idea is to go the old and tried route: donate them. Sometimes, these donations are tax-deductible so there is still some monetary return, aside from the return of knowing your donation helped someone out.

Electronics

What about old electronics? Some can be donated like clothes, but many old electronics don’t work anymore or are so antiquated that they are not compatible with anything else. After checking to see if the antiquated ones have any value or not, you could recycle them. There are many recycling plants that recycle old electronic components. Much better than throwing them into the trash.

Furniture

Again, sometimes there is some resale value, but if it’s an old and beat-up couch, you’re not going to get very much for it. Throwing these things away is a big pain in the butt. If it’s not in too bad of condition, then try to donate it. Usually, the company will come and pick it up for you. But if it’s too old and nasty, then the local dump may be your only option. Some places will recycle the wood in old furniture and turn it into mulch. It’s worth checking out as adding to already overflowing landfills isn’t a great idea.

Are Old Clothes Worth Much?

closet-jamWhile going through your home, in search of things to get rid of or sell, you will often find that your closet is chock full of clothes that haven’t been worn in ages. Whether it’s that winter coat that you never really liked or a dress that you wore once and never again, it seems such a shame to let these virtually perfect items go to waste.

Now, most people simply throw out, or donate their used duds. There’s nothing wrong with being charitable, but you could have a couple of items that could make you a little bit of extra cash. But not everything has value. Here’s how to tell:

  1. Is it a brand name? This is the biggest factor. When reselling an item, be it a coat or a purse, if it is a brand name (and expensive brand) then there is some potential resale value. People will be looking for vintage clothes by brands they otherwise couldn’t afford. That doesn’t mean that you’ll have to sell it for next to nothing, just that there is a potential market for it.
  2. Is it in good condition? Another huge factor. Clothes with stains or tears will not sell for any real amount. The only exception is if the item was originally thousands of dollars and a small repair would make it like new. But otherwise, damage means no-sale.
  3. Is it the right season/place? No matter what you’re trying to sell, it helps if the item is in season. For example, you could often sell valuable clothes to a pawn shop. But a pawn shop Miami probably will not have much use for a thick coat, even if it is expensive (it doesn’t really get cold down there). So keep in mind the realistic demand for the item. Try selling that coat in Milwaukee instead.

Anything you can’t sell should just be donated. There’s always a tax refund there.

Jewelry: Keep or Sell?

jewelryIt’s not too uncommon to find people that have requested large jewelry collections in their homes. This isn’t restricted to the wealthy either. Since jewelry is often given as a gift, handed down as an heirloom, etc and rarely parted with, a rather impressive collection of it can amass in a few short years. So one day, usually while doing some spring cleaning, this collection will be viewed and if it is not often worn, the idea of selling it will come up. But is selling it the right move? There are a few things you’ll want to check before making the decision.

First is the sentimental value the item may have. How did you get the piece? Was it a gift? Family heirloom? Did it belong to someone special who has passed away? Chances are that if you can’t remember then it isn’t that important.

Next is whether you wear it or not. Even if only for special occasions. Sometimes that one little piece can bring the whole outfit or look together.

Lastly is the value. This one is tricky. It can be hard to determine if the piece has any real value. You can search online or take it to a Miami pawn shop (or whatever city you live in) or an appraiser.

Now you’ll want to weigh those three factors together to make your final decision. If the piece has only small sentimental value by high monetary, then you may want to sell it. Any piece that isn’t really worth very much (even if just sold for the value of the gold or stones themselves) merry be better to keep. You may try actually wearing it once in awhile to at least give it some value to yourself personally.

Whatever you decide to do, if you run each item through the above, you’ll know you made the right choice in the end.