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Asset Sales - How to Get Money For Assets When You Need Fund Navigation: Main page » Auctions and Ebay Articles Author: Paulina Roe If you need to sell off assets in order to bring in funds, see what you have of value to someone else. There are options you can use when you are looking for a buyer. One option, though not recommended, is to pawn the item. If you can make an arrangement to buy it back, this might be a good option for you, but beware - it's hard to find a reputable person in this arena.Another option is to list your items in an auction - online or offline. Be careful of offline auctions - and remain present. Keep a hard line on the minimum amount you will accept for any items. We had an auctioneer sell off my mother's estate items and he sold them at much lower pricing that was fair. She had over $15,000 worth of items, and he gave us $1200 for the entire lot. We learned a lot that day. If you have auctioneers come to take your items, make sure to mark which items to take, or better yet, set them outside and in one spot, away from your other home items. Our auctioneer went into the crawlspace and took things we meant to save, and sold them. Don't ever let an auctioneer get control of your goods. Online auctions are more controllable - you set them up for bid, and you decide how much you are willing to take. You get a better idea if your minimum will even work - it might be too high for the demand. You have total control over the sale. You can also decide how long you want the bid to go on - depending on how soon you need the money. To find some auctions online, go to http://doubleii.com.auctions.html Do you have any payment plans that pay out on a monthly basis, for which you would like a lump sum amount for? Try selling it for present day cash. If you are holding a mortgage note, or a lottery winning, or business notes, you can sell those for cash now. Some of your life insurance policies can be sold, as well, if you have no real need for them anymore (your kids are grown and on their own, your spouse may have died, or you know your life is on a short timeline and you just want to enjoy the time you have but need money). If you have won a lawsuit that is paying out in installments, you can sell that for lump sum cash. You may have other types of assets that you can get cash for - think about it and see what you might be able to work out. http://doubleii.com/cashnow.html If you have no assets to sell, you might need to think "outside the box" - be innovative and figure out what you have to sell - your talents or services, perhaps? In any case, figure out all your assets - physical and inner - and see what you think people will pay you for them or for using them. Price fairly and beware of scams. Articles |
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