If you’re in the throes of downsizing, as many people in retirement are, don’t throw money down the drain by renting a storage locker (which many people never even visit after filling) or tossing what you consider to be junk in the trash. Patricia Vacca, 74, used MaxSold.com
, an on-line auction house, to unload many of the contents of her family home (she’d already given away the big pieces), when she moved recently to a retirement community in Silver Springs, MD. "The auction people came to my house, took pictures of stuff I wanted to get rid of," says Vacca, "and asked for some descriptive info. Within a week, 125 lots were posted and 124 were sold." The MaxSold people also came to her house to distribute the sold items to the buyers while Vacca walked away with $1000, without lifting a finger
"Many people mistakenly think you have to have high-end art and furniture to be in an auction," says MaxSold’s founder Barry Gordon, but our typical client is in his/her 60s who’s downsizing and ends up walking away from auction with a $3,000-10,000 profit." (The auction house takes 30 percent for its work on your auction.)
Note: MaxSold is in most metropolitan markets currently, but Gordon says it’ll be accessible almost anywhere in the next year. Prospective clients can currently put in their own photos—there are on-line directions—and handle their own distribution, after the auction house conducts the auction if there’s no MaxSold agent near them.