When organizing, you have to make decisions. Basically, you have to decide what to do with stuff: keep, give away, throw away, or might use some day. Making decisions is challenging but figuring out how to get rid of stuff can be just as challenging. Seems like this issue stops so many of us from getting organized. Consider these tips the next time you find yourself in this position.
What do you do with the stuff you no longer want?
*Throw away or recycle Larger items might need to be taken directly to the dump or wait for junk pick-up day in your neighborhood or call a junk removal company. Also, hazardous items need to be disposed of properly.
*Give away or sell to someone If possible, ask them to pick-up the item(s). Unlike giving to charity, there is no tax advantage to this choice.
*Donate to a charity Be courteous about what you donate to charity. If your stuff is old, torn, worn, junk, it will be the same to them and they do not want it. The charity must be a 501(c)3 for a tax deduction. Here are several tips on How to Make Tax Deductible Noncash Donations
*Shred Getting rid of old papers is a time to be cautious. Shred papers with account numbers, social security numbers, full credit card numbers, basically use good judgement when deciding what you do not want others to see. By the way, several of my clients have burned old papers, usually that involves large quantities. Or, hire a company to do it for you.
For larger quantities of unwanted stuff, what do I do?
*Yard sale This involves your time and energy but provides the biggest return on your efforts. Here are several Yard Sale Ideas
*Estate sale Hiring a company to run an estate sale is helpful when you have a lot of stuff to get rid of, such as getting rid of the entire contents of a house.
The company usually takes a percentage of sales and buyers take possession of their purchases immediately so the house is cleared out quickly. How Estate Sales Work
*Consignment Most towns have consignment stores (stores willing to sell your stuff at their location). This might be a physical location or an online service like EBTH.com (this is an online estate sale company) . This tends to be an expensive way to get rid of stuff because the seller usually takes 50 percent or more of the sales price. The advantage is that they know the market and have the resources. It is critical to pick a reputable store. Definition of Consignment
*Sell to a retailer This usually involves collectibles, unique items, furniture, older items, and more. Unlike consignment, which pays when the item sells, these stores buy the items directly from you. Again, you do not get as much because they keep a percentage; however, they can find someone to buy your stuff easier than you can. Watch Pawn Stars, it’s a great show.
*Live auctions There are pros and cons to auctions. The main risk is that you do not know how much your stuff will sell for. Then again, it might go for much higher than you expect if a bidding war starts. You can set a minimum price you are willing to accept for larger items but again you take a chance that it won’t sell. Be sure you know who you’re working with and that they are reputable. Here are tips on understanding on how live auctions work.
Once you decide the best method for you, then you need to implement your decision or find someone to do it for you. Ask friends for advice, research what is available in your area, and use the Internet. Do not be taken advantage of, ask questions before entering into a transaction with someone.