3 Women Clear Their Closets In Hopes of a Cash Pay back

They are a fixture in every single home - closets jam packed with the clothes we needed to buy, but still have nevertheless to have on. 3 Females Clean up Their Closets In Hopes of a Funds Repay You will find closets which are pretty much a store, with products kept in each dimension, just just in case. Then you'll find michael kours canada these closets filled with the faded denims and fringe jackets within the '70s mainly because you by no means understand what could return in fashion. The good news? These underused, overstuffed closets could possibly be rotated from clothes chaos into income in your case. Click this link for ideas on turning junk-drawer finds into cold difficult income! "You really don't really have to have designer, luxury products with your closet," Karen Bard Sayah, Vogue 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 clothing can hold, "GMA" embarked on a closet challenge, inviting a few women to open their closet doors to see what, if any, hidden treasures may very well be buried among the piles. The first woman to try our closet challenge on for sizing 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 brimming with pre-pregnancy dresses she hoped would one day fit again. Getty Images A woman looks through her closet in this... View Complete Measurement Turn Junk into Hard cash: 'GMA' Fans Hard cash In Watch Video Unclaimed Money Found From Deceased Relatives Watch Video How to Find Unclaimed Hard cash Watch Video "I mean, I want to save it, I think I'm going to get into it," she said with the size-6 shirts, pants and dresses that filled her closet walls. "But the reality is I do not think I'm getting into half these garments." As Breck's closet contents were revealed, we discovered her closets were also basically a designer outlet, packed with high-end labels from Michael Kors to Tory Burch Sale. "One on the 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 with the bags buried at the bottom of Breck's closet. With the designer outlet hidden in Breck's closet, we headed to the Farmingdale, Long Island, dwelling of Denise Cavrell and discovered her closet was really not a closet, but an entire basement filled with old outfits. "I'm thinking how many apparel can one person possibly ever use?" asked Denise's husband, Paul, of the clothes accumulation he was ready to see leave his residence. But Denise found it harder to part with her old merchandise, a common problem that leads to closet overload instead of chilly tough income. "This was my prom dress," Denise said, pointing to a gold lame number. "You know, I hate to part with this because I have great memories." Once Denise got past her memories, she got to work, pulling out a dress, designer suits after which you can, in the very again of her closet, old maternity garments with the popular "Mimi Maternity" line that could be her big payoff. "Someone sold her maternity lot for $405 dollars," Bard Sayah said of a previous seller on eBay who sold all her old maternity outfits 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 filled with old 9-to-5 power suits she experienced traded in for more "play-date" friendly gear. "I in no way dress in a suit, ever," Barth admitted as she looked at what was taking up all the space in her closet. "So, goodbye suit." Barth also managed to dig out, and say goodbye to, more casual clothing, from a pair of JCrew wedge sandals to pants and even a cowboy hat, that she knew were past their prime for her model, but could possibly earn her income. Bearing bags and bags of clothing pulled within the closets of our 3 challenge contestants, we arrived at the front door with the New York outpost of Buffalo Exchange, one with the country's biggest "buy-sell-trade" chains. Bree Turnier,the manager of your Buffalo Exchange store in Williamsburg, Brooklyn, told "GMA" the chain looks for the three "Cs" of clear, current and superior condition when deciding which products to order 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 home with you that day," explained Turnier on the store's day-of, funds return policy. The money that "GMA's" a few closet contestants took home 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 apparel and $46 for Tharp's power suits. And what didn't make the cut at Buffalo Exchange could even now be sold at another popular "buy-sell-trade" chain such as Plato's Closet, with stores in more than 300 cities, at a consignment retailer like Goodwill or Salvation Army, or on eBay, where it's free to list and sell items. Just like with a new product, you can find key tips 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 with your apparel if you want to see them sold. Presentation is key. Make sure the clothes 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 objects 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 will 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 apparel with out of michael kors canada model 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 clothes 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 those people 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 clothing in her closet? Bard Sayah estimates the great condition and high-end name on the bag could fetch up to $400 on eBay The maternity garments buried in Denise Cavrell's basement could be bundled together and sold as a lot for as much as michael kors outlet online $200-$300, and her Tahari business suits could get $120, for a total of more than $400 funds for Denise. And the power suits that worked for Elizabeth Barth on Wall Street but not at house 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 difficult work cleaning your closets and selling your goods is done, never forget an extra, final step that could earn you even more money occur tax time. Tell Uncle Sam to "Show me the money" come tax time by claiming the michael kours canada charitable tax deduction. From your donated things, you can deduct the "fair market value" - the price a buyer would be willing to shell out 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. Right here you will need to identify and value the things - 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 with the charity. And for any single item worth more than $5000, it's necessary to get an independent appraisal.