On the weekend, I went through the house, gathering up clothes, small appliances, knick knacks and other things that I haven’t used in a few years. I did the lazy thing and donated everything to a charity. However, these items could easily be a great source of cash.
But how to maximize the cash?
The September Financial Post outlined what should go to where. The main sales channel for high value property like antiques or art is an auction. For mid range furniture and clothes, they recommend an estate sale at a house or an antique store. Less conventional items are increasingly finding a solid market online through eBay. For the low, low range, the ever popular yard/garage sale is a good option.
BTW… some estate sale trivia…
The four most common reasons for an estate sale are debt, divorce, death and downsizing (not in any order).
The biggest misconception is “That the goods and the setting go together. Often, several people’s property is sold at once, in a house that’s rented for the occasion.”