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Sell It
Beyond garage sales and brick-and-mortar consignment shops lies the bustling bazaar of the Internet. But what should you sell where?
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- Electronics. Reasonably new cellphones and other electronics can bring money on sites like uSell and Gazelle. Older vintage audio equipment and retro electronics might find buyers on eBay.
- Books. List recent hardback best-sellers at Amazon, Alibris or AbeBooks. (Old textbooks and most paperbacks, however, are probably best donated.) A store that specializes in used books can help determine the value if you have a large collection of rare volumes. "We've seen stuff that is not worth anything at all, and we've seen stuff that's worth more than we can pay," says Corby Gillmore, manager of the Dawn Treader Book Shop in Ann Arbor, Michigan.
- Clothes. Selling vintage clothing in good condition is a snap on eBay, Etsy or any of a host of online vendors such as Wiseling and Poshmark (for women) or Grailed (for men). The women's clothing consignment site Threadflip will send you prepaid shipping bags for your clothes and manage your sale; you keep 60 percent of the cash. Twice and thredUP offer free cleanout bags and pay directly for women's clothes; thredUP also accepts children's clothes.
- Furniture. Because of the shipping expense, think local: consignment shops or antiques stores for higher-value pieces, Craigslist or eBay Classifieds for the rest.
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Gift It
Got family heirlooms? Consider passing them to your kids as holiday or birthday gifts, says Kelly Gill, an estate lawyer at Belcher Fitzgerald in Boston. The exception? Anything that has appreciated greatly in value while you've owned it, such as an artwork or a vintage sports car. If you give away such a treasure while you're living, the recipient will owe capital gains tax if he or she later sells it. But the capital gains clock starts over at zero when it's inherited after you're gone.
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