Three Women of all ages Clear Their Closets In Hopes of the Funds Pay off

They are a fixture in each household - closets filled with the garments we needed to invest in, but nevertheless have yet to dress in. A few Females Cleanse Their Closets In Hopes of the Funds Repay You can find closets that happen to be almost a keep, with items retained in each and every size, just in the event. And after that you can find those closets packed with the light denims and fringe michael kours uk jackets from your '70s simply because you by no means determine what could return in model. The good information? Those underused, overstuffed closets could be circled from apparel chaos into hard cash for you. Click here for ideas on turning junk-drawer finds into chilly tough income! "You don't need to have designer, luxury things as part of your closet," Karen Bard Sayah, Manner PR & Social Media Managertrend expert for the online shopping site eBay, told "Good Morning America." "Designers that we all know and love sell really well on eBay," Bard Sayah said. "Things from stores like the Gap and JCrew, they really hold their value." To see just what kind of value everyday outfits can hold, "GMA" embarked on a closet challenge, inviting three women to open their closet doors to see what, if any, hidden treasures could possibly be buried among the piles. The first woman to try our closet challenge on for size was Cathy Breck, a pregnant mother of one whose closet in her Old Greenwich, Conn., home, we discovered, was a reflection of her optimistic personality and jam packed with pre-pregnancy apparel she hoped would one day fit again. Getty Images A woman looks through her closet in this... View Full Sizing Turn Junk into Money: 'GMA' Fans Money In Watch Video Unclaimed Money Found From Deceased Relatives Watch Video How to Find Unclaimed Money Watch Video "I mean, I want to save it, I think I'm going to get into it," she said of your size-6 shirts, pants and dresses that filled her closet walls. "But the reality is I don't think I'm getting into half these apparel." As Breck's closet contents were revealed, we discovered her closets were also virtually a designer outlet, full of high-end labels from Michael Kors to Tory Burch Sale. "One of your most popular brands on eBay for bags is Tory Burch Shoes," Bard Sayah said. "A bag like this can go for upwards of $175," she said, pointing to just one on the bags buried at the bottom of Breck's closet. Through the designer outlet hidden in Breck's closet, we headed to the Farmingdale, Long Island, residence of Denise Cavrell and discovered her closet was really not a closet, but an entire basement brimming with old dresses. "I'm thinking how many clothing can one person possibly ever don?" asked Denise's husband, Paul, of the clothing accumulation he was ready to see leave his house. But Denise found it harder to part with her old merchandise, a common problem that leads to closet overload instead of cold tough income. "This was my prom dress," Denise said, pointing to a gold lame number. "You know, I hate to part with this simply because I have superior memories." Once Denise got past her memories, she got to work, pulling out a dress, designer suits and after that, within the very again of her closet, old maternity garments within the popular "Mimi Maternity" line that may be her big payoff. "Someone sold her maternity lot for $405 dollars," Bard Sayah said of the previous seller on eBay who sold all her old maternity garments on the site as one package instead of listing them each individually, a smart way to raise the items' value. The final leg of "GMA's" closet challenge led us to the Riverside, Conn., dwelling of Elizabeth Barth, a former Wall Street power broker whose closet was stuffed with old 9-to-5 power suits she experienced traded in for more "play-date" friendly gear. "I by no means dress in a suit, ever," Barth admitted as she looked at what was taking michael kors outlet online up all the space in her closet. "So, goodbye suit." Barth also managed to dig out, and say goodbye to, more casual garments, from a pair of JCrew wedge sandals to pants and even a cowboy hat, that she knew were past their prime for her type, but could possibly earn her funds. Bearing bags and bags of clothes pulled through the closets of our 3 challenge contestants, we arrived at the front door on the New York outpost of Buffalo Exchange, one in the country's biggest "buy-sell-trade" chains. Bree Turnier,the manager of the Buffalo Exchange keep in Williamsburg, Brooklyn, told "GMA" the chain looks for the 3 "Cs" of clear, current and good condition when deciding which objects to obtain and determining their value. "We take all labels and all price ranges," she said. Most importantly for your wallet, the retailer offers the individual seller 30 percent of what they would sell it for in the retail store. "You get the money to take dwelling with you that day," explained Turnier of your store's day-of, money return policy. The money that "GMA's" 3 closet contestants took residence with them that day from Buffalo Exchange alone range up to more than $200, including $153 for Breck's designer duds, $52 for Cavrell's sentimental outfits and $46 for Tharp's power suits. And what didn't make the cut at Buffalo Exchange could nonetheless be sold at another popular "buy-sell-trade" chain such as Plato's Closet, with stores in more than 300 cities, at a consignment retail store like Goodwill or Salvation Army, or on eBay, where it's free to list and sell merchandise. Just like with a new product, you'll find key guidelines for marketing your used clothing to get the highest bidder: The key phrase is "GENTLY WORN." Everything should be in excellent condition- no stains, deodorant marks, or holes in the outfits if you want to see them sold. Presentation is key. Make sure the garments you're selling are wrinkle-free with the buttons buttoned and zippers zipped too. Keep your sales IN SEASON. For summer, feature your swimsuits, sundresses, sandals and sunglasses. Then, look ahead to next season and start gathering fall items like sweaters, coats and scarves to sell in August. Watch current trends. Places like Buffalo Exchange and eBay want what's hot now- bright colors, neutrals, patterns and slim cuts, for example. And you should not forget to look ahead to what's trending for fall. Mall brands are easy sells. JCrew, Gap, Ann Taylor ... anything recognizable is popular on the resale market. The classics have longevity. Vintage does well if it's a timeless cut, color or brand. If you have extremely dated clothing with out of design and style cuts they will not sell. Summertime is selling time. Summer is a great time to sell on eBay as people are starting to think about back-to-school looks for less Package your picks. Maternity, baby and kids garments can be bundled for each stage and sold in lots. Do your research. Check out the websites or call "buy-sell-trade" stores and see what they are in the market for now. eBay has developed its own "Fashion Guide," for example, that helps sellers know what's in high demand and what sells for top prices. With individuals guidelines in mind, we described our contestants' remaining closet finds to Bard Sayah to see what kind of interest she though they could garner on eBay, and here's what she said. Remember the brand new, brown leather Tory Burch Handbags Cathy Breck found buried under the pre-pregnancy clothes in her closet? Bard Sayah estimates michael kours canada the great condition and high-end name on the bag could fetch up to $400 on eBay The maternity clothes buried in Denise Cavrell's basement may very well be bundled together and sold as a lot for as much michael kors uk as $200-$300, and her Tahari business suits could get $120, for a total of more than $400 cash for Denise. And the power suits that worked for Elizabeth Barth on Wall Street but not at dwelling in Connecticut? Her hot pink Giorgio Armani suit jacket could go for as much as $125, Bard Sayah estimates, while her Ann Taylor suits could fetch $90 each. And after all your hard work cleaning your closets and selling your goods is done, you should not forget an extra, final step that could earn you even more money come tax time. Tell Uncle Sam to "Show me the money" appear tax time by claiming the charitable tax deduction. From your donated objects, you can deduct the "fair market value" - the price a buyer would be willing to pay for them. If the merchandise you've donated is worth less than $500, you simply list the amount on your 1040's Schedule A. If you report donations worth more than $500, you really have to fill out IRS form 8283. Below you will should identify and value the products - noting when you bought them, approximately, and how much you paid for them, also approximately. For any item worth more than $250, you need a receipt through the charity. And for any single item worth more than $5000, it's necessary to get an independent appraisal.