See Jane Get Rich

Okay, let’s break down why January 2010 was the most expensive month of my life. 

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Alright, my bedroom set and my mattress has officially been posted for sale on Craigslist.  Now, if only those interested Craigslist buyers who are “really interested” would actually make it through!  I have moved almost everything to the living room and pulled out my air mattress to sleep on.   Now, its time for Craigslist to do its job so that I can turn the furniture to $.   It always helps to keep a few things in mind when selling things on Craigslist. 

Five Tips for a Sane Selling Experience on Craigslist

• A picture is worth a thousand words.

Always post a picture of the item that you are selling.  If you don’t have your own picture then use a manufacturer’s picture.  It is also helpful to provide a link to the item so that buyers.  This will save you a lot of questions about the item from people who are slightly interested. 

• But, that doesn’t mean you can skimp on the details.

It is important to include as much information as possible about a product.  If you are listing a coat then you may want to let the buyer know more than just the size and color such as what material the coat is, presence or absence of any stains, whether or not you or any of your close family member is a smoker, whether you live with pets etc…  If you are selling furniture then it is very important to list the dimensions and this information is easily obtained by looking up the product online. 

• Price your items competitively and with leeway for further negotiation.

You can sell your item quickly and competitively if you search for the item before listing to see the range that is commanded by other sellers.  If for some reason there is no one in your area selling them item then you can command a higher price as most people wouldn’t want to drive out of the way.   Be aware that with most of the transactions there will be negotiation between the buyer and the seller.  This may occur over email or while the buyer is looking the product over. 

• Adopt a no holding/first come first served policy.

Craigslist buyers are notorious for not following through with their expressed interest.  If you hold something for someone then know that there is a strong chance they will come back and say, “Oh, I changed my mind.  I don’t want it anymore.  Oops! Sorry!”

• Adopt a cash only exact change policy. 

To make sure that you get your money it is better to make it cash only so that you get your money right then and there and you can be done with the transaction at the point of sale. 

Now, onto my crazy Craigslist Story

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I have moved back to DC from my Home State and I have been very busy cleaning, donating things to Goodwill and listing some furniture on Craigslist.  The Big Move that I am referring to is the end of my lease in July.  Right now, I am living in a 1 bed room apartment and after I graduate I will likely end up sharing a house or apartment with other people.  So,  I need to get rid/sell things so I am able to downsize. 

• State #1 Bar Exam : July 27-28, 2010
• State #2 Bar Exam: July 28 and 29, 2010
• Apt. Lease Ends: July 31, 2010

I have a big decision to make about whether or not I want to extend my lease by one month so that I would move out at the end of August instead of July.  Do I really want to take the hardest exam of my life and then come back and move out of my apartment?  If I can avoid paying one extra month’s rent then I definitely do. 

It also depends on what exactly I will do in August.  Traditionally, law student’s do a post-bar trip after the bar exam.  I haven’t decided if I will and if so, where I will go.  If  I take a trip then I need to be out of the apartment so I can use the August rent for the trip.

There are things that take up space, you don’t use it but nevertheless it is hard to get rid of.  The perfect example is yearbooks.  I threw out my middle school yearbooks.  But the high school yearbooks were more difficult.  I ended up tearing out the pages from my high school year books that I wanted to keep and putting the rest in recycling.

A lot of my friends have rent envy. 

When my friends and I compare our rents I come in on the lowest of the low spectrum with $750.  DC is one very expensive place to live if you want to live without a bunch of roommates/housemates.  AfterCollege.com put the average rent for a one bedroom apartment at $1,469 and Rent.com put that figure at an unheard of $1,100.  Most students and professionals who wants to live in a decent area that is close to the metro pays that much for a studio. 

 My Cali Friend’s rent is $1,250 for a studio while my New Mexico friend’s rent is $1,350 for a studio.  They both rent directly from condo owners which makes their rent lower than the typical apartment rates.  My Richmond study buddy pays $1,450 for a studio and she lives in an apartment.  They all live in a very nice area that is very close to the metro with a stone’s throw from a gym, grocery store, banks, restaurants and other convenience. 

 I pay $750 for a Junior 1 Bedroom.  I live in (ahem) a less-than desirable area of Washington, DC.  It’s the kind of place that I never would have lived in the first time I got to DC.  But, let’s just say my standards have changed and I have toughened up.  
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