Quick Ways to Free Up Cash Using Your Assets

When you need to free up cash quickly, your assets can be your greatest lifeline.

06:14 25 April 2025

When you need to free up cash quickly, your assets can be your greatest lifeline. Good economic sense is to have some assets in your portfolio that can gain value, or at, least won’t depreciate like cash can in times of inflation. Whether you need funds for an unexpected expense or simply want to bolster your savings, leveraging your assets can be an effective way to generate money without taking on any extra debt. Here are some of the best platforms and sites to free up cash using what you already own.

Sell Unused Items

Most people have valuable items lying around their homes that they no longer use, built up over time. Selling old electronics, designer clothing, jewellery, or even furniture through online marketplaces can generate you cash in a bind. Platforms like eBay, Facebook Marketplace, and Gumtree provide platforms to reach potential buyers quickly, helping you monetise unwanted possessions with basically minimal effort.

Rent Out a Spare Room

If you have an extra room in your home, renting it out can be a reliable source of additional income and it's something more people are considering these days. Platforms like Airbnb allow you to rent your space to short-term guests, while traditional lodgers can offer a more consistent cash flow, even some degree of companionship for those living in larger properties on their own. 

Use Your Car to Earn Money

If you own a vehicle, there are multiple ways to turn it into a money-making asset, thanks to the gig economy. You can sign up as a driver for ride-hailing services like Uber, rent it out through peer-to-peer car rental platforms like Zipcar, or use it for food or package delivery. These methods allow you to generate cash flexibly without parting with your asset permanently.

Sell Your House to a Cash Buyer

For those looking to release a significant amount of money quickly, selling a property is a viable option. While the traditional property market can be very slow, sites that operate under a ‘we buy any house’ model can speed up the process considerably. These cash buyers often complete sales in a matter of weeks, entirely digitally, rather than the months it might take through estate agents to exchange physical paperwork and negotiate pricing. However, in return for this rapid turnaround, you may have to accept a lower selling price than you would get on the open market. 

Refinance Your Mortgage

Homeowners with equity in their properties can consider remortgaging or taking out a home equity loan. Sites like Better.com offer remortgaging services right there in the platform, so there’s no need to organise viewings and appraisals by agents. By borrowing against the value of your home, you can unlock funds while continuing to live in your property. However, it’s crucial to consider the long-term costs, as this will increase your monthly repayments.

Freeing up cash through assets can be a practical solution in times of need. Whether you opt for selling possessions, renting out property, or working with cash buyers, each method has its advantages and trade-offs. The main takeaway here is that you have a wealth of technology at your fingertips that has made these processes faster and easier than ever before.