Ways to clean out your closet for cash

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BURLINGTON, N.C. — When Lisa Massey’s college-aged daughter wants to freshen up her wardrobe, her mom doesn’t sweat it. She sells her daughter’s old clothes for cash to pay for the new stuff.

“Now there’s a lot more organization in her closet and they are things she no longer wears, so why let it just sit there and collect dust,” said Massey. “We’ve been doing this for four years.”

At Mad Stylz in Burlington, the consignment shop is full of higher end and designer duds. Owner Mary McKissack says she sees more and more people cleaning out their closets not just for extra spending money, but to help pay bills. “In today’s economy, it’s tough. I had a lady last week come in to sell her designer handbags so she could pay her electric bill.”

To clean out your closet for cash, you can have a yard sale, sell at a consignment store or now there are a slew of new online secondhand retailers that make it easy to sell your clothes without leaving your house.

At Tradesey.com, it took less than five minutes to post a listing on the website. You take a quick snap, upload your picture and the website doctors it up to make your item look its best. Then, Tradesey takes the guesswork out of how much to charge. You don’t even have to worry about shipping. If the item sells, the website sends you a shipping box for you to ship it in. Tradesey’s cut of the deal is 9 percent.

Liketwice.com is another online secondhand retailer getting a lot of attention.

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