A loan is a great option to handle an emergency, and we can help get you a loan offer for the money you need, but there may be another way. If you want to avoid getting in debt and paying high interest rates, your next best option may be to sell some property that you do not need. Here are some good options.
If you need it, you should not sell it, but what if you have a major appliance that is collecting dust in the garage or that you are really not using. In these cases, you should sell it and get the money to handle your emergency. But what appliances can fetch $200 or more? Lots of them.
People like to hold on to old refrigerators and turn them into garage fridges or use them for extra back up space. If you have one that is being used for these purposes, consider how much you really need that extra fridge space? You could be sitting on the money that you need and wasting money in electricity to keep it running.
Washing Machines & Dryers
If you want an appliance that you can sell in a matter of hours, a washing machine or clothes dryer fits the bill. Simply list it on Facebook Marketplace and your messenger box will start getting pings in a matter of minutes. A used washer alone can easily fetch the $200 that you need, and a matching set will go for much higher.
New, a good stand mixer will sell for over $400 and they tend to hold their value. This is also an appliance that you can probably live without, as long as you are not a baker. If you can forgo the use of your stand mixer to handle your emergency, this makes a good choice.
Another item that most people have too many of, which means that you can probably spare one. The only problem is that they lose their value quickly because of the ever advancing technology. That means that you will have to have a fairly new television in order to get $200 or more to handle your emergency.
On the bright side, when you go to replace your TV in the future, you will likely be able to buy a used one cheaper than you sold yours for. All because of rapid depreciation of electronics.
There will always be a huge market for used smart devices, mainly because the price of new ones is always on the rise. That meant that device you bought a few years ago can probably fetch a tidy some, hopefully more than $200. Here are the top devices to market in an emergency.
These devices hjold their value because they keep working year after year. Even a generation one iPad will have some value on the used market because it still does it’s job.
Apple leads the market in used device demand, and one of the most popular items is the smart watch. It is also something that you can likely live without, especially in a money emergency.
Samsung devices have come a long way and are nearly as popular as Apple gear.
No matter the brand, there is a market for a used cell phone, especially if it is unlocked. If you have been holding on to a phone as a back up, now is the time to get rid of it. It is only going to continue to lose value and you need the funds right now.
If you have a name brand power tool that you can do without, your money problem will be solved quickly. It must be a name brand however, at least if you need $200 or more from the sale. Here are some of the items most in demand.
Cordless drills and hammer drills will always command a big market and a high selling price. This is especially true if you have a newer, higher voltage model.
If you own a table saw, and are not a professional, it is probably for a hobby. Sell it and handle your emergency and then you can simply buy it back at a later date, probably for less money.
If you do no have one tool that you can sell to get the money you need for an emergency, consider combining tools. Combine a reciprocating saw, a circular saw and maybe a few other items and post it as being sold together. For a home owner just starting out, it might be a deal too good to pass up.
Yes, you read that right, but it is not as gross as you might think.
What we are mainly talking about here is plasma. There is a huge demand in plasma and selling it can yield you far more than $200 over the course of a month.
You can make so much money from plasma for two reasons.
The first reason is that plasma is used in a number of life saving and therapeutic treatments. It helps everyone from cancer patients to burn victims and these treatments are made by “for profit” companies. That means that they are more than willing to pay you for your time and your fluid.
Another reason for the high payout, as much as $1000 in your first month, is that you can donate often. When you donate plasma, your red blood cells are returned to you. This means that you can donate up to twice a week.
Where To Sell
Once you have an item to sell, where should you sell it. For plasma, you should obviously look for a donation center, but what about the other items? Here are some options.
For most people, this will be the best option because it provides for a quick sale. This is all because of the messenger app and the ability for sellers and buyers to communicate quickly. Post a hot item on Facebook and it could be gone in a matter of hours, if not minutes.
If you want top dollar and you can afford to wait a few days, eBay is the place to go. There is a catch though, you will need to deal with shipping. Because of that, your best option is to focus on small items that are easy to ship, Bulkier merchandise should be sold locally.
This is the oldest online classified, but it is still useful. Many people do not use Facebook, so posting on Craigslist can extend your reach. Just be sure to look out for scammers, they are abundant.