Photographer: WXYZ
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
Posted: 07/12/2011
Are you planning to organize your garage or closets this summer, perhaps getting rid of some stuff you no longer use? Summer is a season when many of us clear out the garage and closets, hoping to organize our house and maybe make a few bucks in the process. The simplest way to get rid of all that unwanted junk is with a yard sale. But nowadays there are some other ways that could net you a lot more cash.
Michael Jinks is a garage sale veteran who likes when people make him an offer for his stuff. He knows what sells best at a yard sale… items that aren’t worth much. Our partners at Consumer Reports have said shoppers are indeed most likely to snap up clothing and small household items at bargain prices.
If you think you have something rare… like this old oil lamp – Mike says research it on eBay to see what it might bring.
"If you find something that is truly valuable, eBay is the way to go, because you'll get the most
bang for your buck," Mike says.
Skip McGrath, the author of a book about selling on eBay called “Titanium eBay, Second Edition: A Tactical Guide to Becoming a Millionaire Powersellr” estimates you’ll pay fees about 10 percent of the money you make from selling the item on the popular site.
You can get around shipping fees by selling locally on Craig’s List.
Of course, selling locally on Craig’s List is an option that eliminates shipping charges. You can list stuff for free, but keep in mind, you usually end up dealing face to face with the buyer who you probably don’t know, so you may want to consider meeting at in a public place if you can.
Intimidated by selling online? Another option is estate selling services. They do the work for you, by cataloging your old stuff and then selling it online.
"We work with families that are downsizing, or are in an estate situation, and trying to get rid of the majority of those contents," says Brian Graves, an estate selling specialist.
And the companies then take a commission, typically about 30 percent.
Finally, if you are just looking to sell electronics, check out the buy-back programs at Best Buy, Target, Radio Shack, or websites like Gazelle.com A member of the Don’t Waste Your Money team recently unloaded a 2 year old netbook, at a site called "cash for laptops." A week after sending it in, he was sent a check for $80.
There are also consignment stores to consider. They typically split the sale price 50-50 with you.
If you are still thinking of the garage sale route, you may want to team up with your neighbors.
Yard sale experts say you get many more customers if everyone on the street is holding a sale the same day.
Copyright 2011 Scripps Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
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