MMG WEEKLY – WHAT ARE THEY SAYING THIS WEEK?

MMG Weekly / Vantage Production.blueThe Mortgage Market Guide View… 

6 Things You Must Know About Your Used Tech
You can sell, trade in or donate your gently used castoffs.
  1. Act fast. You’ll do best if you sell your older model before a new version is launched. “The moment the announcement goes out, everyone wants to upgrade,” says Scott Steinberg, head of consulting firm TechSavvy Global. In general, Apple products hold their value best; on the flip side, don’t expect much demand for a desktop PC.
  2. Trade in your tablet. Online trade-in services—such as Gazelle, NextWorth, Amazon Trade-In, uSell and BuyBackWorld—and programs offered by retailers such as Best Buy, GameStop and Target offer convenient ways to get money for your gadgets. But some accept a broader range of devices than others, and price estimates vary widely. For example, searching for a Verizon 32-gigabyte iPhone 5s in good condition on 10 trade-in sites pulled up offers between $120 and $199. Note: A big payout isn’t everything. Amazon Trade-In offered the most, but you’re restricted to an Amazon gift card—not much use if you rarely shop online. Think creatively: Trade-in sites probably won’t be interested in your ancient Rio MP3 player, says technology writer Louis Ramirez. But a tech enthusiast on eBay might pounce.
  3. Know the drill. To get an instant quote, log on to the Web site and search for your device, then tick off the boxes that best describe its condition. After shipping your device free (or bringing it into the affiliated retailer), you’ll receive a final offer. Depending on the program, you may be paid in cash, through PayPal, or by check, gift card, store credit or prepaid debit card. Carriers may also buy back your old device, but payment is less flexible: You’ll typically receive credit you can use only with that carrier.
  4. Sell your cell yourself? Selling electronic devices privately or through an online marketplace, such as Amazon or eBay, means you can price them however you want, but it’s up to you to manage your listing. Beginners may find the Glyde.com site easy to navigate.
  5. You might give back. Some trade-in programs, such as Gazelle or AT&T, will let you donate your proceeds to charity. For devices broken beyond repair, recycle them through the manufacturer if it offers a mail-in or drop-off program (such as Dell’s Reconnect) or a retailer such as Best Buy or Staples. For more information, go to www.epa.gov orwww.electronicstakeback.com.
  6. Secure your data. Whether you sell, dispose or donate, start by backing up all your data. For phones, remove SIM and memory cards, turn off any device tracking, sign out of cloud services, e-mail and apps, and remove passwords. Use an app, such as Lookout, to wipe your data, and perform a factory reset. For full instructions, look in your owner’s manual or the Web site of your mobile provider or device manufacturer. Be aware, though, that it is very difficult to remove your data completely, says John Sileo, CEO of the Sileo Group. Deactivate service from your carrier, too. “Deauthorize” computers that use digital rights management software (such as iTunes) and wipe the hard drive clean using software that overwrites data, such as the free Active@ KillDisk.

By Miriam Cross, Kiplinger.com

Reprinted with permission. All Contents ©2015 The Kiplinger Washington Editors. Kiplinger.com.

Economic Calendar for the Week of December 28 – January 1

Date
ET
Economic Report
For
Estimate
Actual
Prior
Impact
Tue. December 29
09:00
S&P/Case-Shiller Home Price Index
Oct
NA
5.5%
Moderate
Tue. December 29
10:00
Consumer Confidence
Dec
NA
90.4
Moderate
Wed. December 30
10:00
Pending Home Sales
Nov
NA
0.2%
Moderate
Thu. December 31
08:30
Jobless Claims (Initial)
12/26
NA
NA
Moderate
Thu. December 31
09:45
Chicago PMI
Dec
NA
48.7
HIGH

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Mortgage Market Guide, LLC is the copyright owner or licensee of the content and/or information in this email, unless otherwise indicated. Mortgage Market Guide, LLC does not grant to you a license to any content, features or materials in this email. You may not distribute, download, or save a copy of any of the content or screens except as otherwise provided in our Terms and Conditions of Membership, for any purpose. The material contained in this newsletter is provided by a third party to real estate, financial services and other professionals only for their use and the use of their clients. The material provided is for informational and educational purposes only and should not be construed as investment and/or mortgage advice. Although the material is deemed to be accurate and reliable, we do not make any representations as to its accuracy or completeness and as a result, there is no guarantee it is without errors.

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