On occasion, a situation will crop us when we need a substantial amount of money, fast. Unfortunately, most of us don’t tend to have large lumps of cash lying around our homes, or even sitting in our bank accounts. Fortunately, there is a way to access such a sum. It’s by liquidating some or all of the assets we have. A topic you can find a clear and concise guide to below.
Jewellery is a prime candidate for liquidation when we find ourselves in need of money fast. This is because it tends to be small, portable, and easy to transfer for person to person. It is usually much in demand, too, so finding a buyer quickly is highly likely for this type of asset.
Of course, just like with any other type of collectible, finding the right buyer is essential. That means if possible, holding off until you can source a specialist sale or auction is best.
Unfortunately, doing this may result in delays that you cannot afford. With that in mind, choosing an online sale via a provider that allows for specialist categories like eBay or Etsy can be a good alternative. Just be sure to do your research and check how much similar items are going for online. Then place your minimum asking price at slightly lower to encourage a faster sale.
For most people, one of the most valuable assets they will hold is real estate or property. Therefore being able to liquidate this can easily generate a significant amount of money in a short time.
Unfortunately, time tends to be where the whole manner of selling property falls down. The reason is that the process can take such a long time. In fact, if it’s not delays at the solicitors that are holding you up its issues with buyers gazumping one another, or dropping out and breaking the chain.
Fortunately, there is a way around all of this time-consuming madness. It’s to find a provider that states: ‘We buy any house‘ and so will guarantee you a sale.
In fact, such providers will buy your property for a guaranteed price sight unseen. They will even pay for your solicitors and estate agents’ fees as well. Something that means you can save serious amounts of money and quickly liquidate your property assets at the same time.
The next asset that is nearly always worth liquidating if you need money is your vehicle. In fact, because many households have at least two cars, it is totally possible to survive on one while generating the cash you need.
Obviously, to be able to sell your vehicle, you will need to own it outright in the first place. That is, those cars paid for via PPC or finance won’t be a viable option.
Additionally, you will want to make sure that you get top dollar for your vehicle if you do sell. Something that you can do by making sure the logbook is up to date. Oh, and giving the interior and exterior a good detail won’t hurt either.
Another asset that you may choose to liquidate in a financial crisis is a business that you own. In fact, there are several ways of releasing money from a company that you can pursue. The first is to sell your proprietary assets, such as social media sites, to your competition. Yes, it may sting a little, but it can solve your money problem fast.
Additionally, selling on any valuable physical assets that your business holds can be profitable. In fact, many auctions and auction sites cater specifically to the used work equipment market. Something that means you can expect relativity fast turn around and have your money ASAP.
Alternatively, you may wish to consider selling on your accounts recoverable assets. That is the customer that has not yet settled their bill with you. An option that is one of the fastest there is with it only taking a maximum of 2-3 days to go through. Although, you will need to prepare for the fact that when selling accounts, you will only get a part of their value.
Finally, if you are looking to liquidate your business assets, consider speaking to your landlord. This is because they may be willing to buy up your business, lock stock, and barrel. Then they can sell or lease it as an entire package along with their property. Something they may be prepared to pay handsomely for. Thus solving your need for readily available cash.