Sell PS3 to GameStop

GameStop Classic Games

In many households, consoles like the PlayStation 3, Xbox 360, Wii and Wii U currently take up prime living-room real estate next to the television set. In a few weeks, this real estate will be contested when thousands of console owners welcome a PlayStation 4 or Xbox One (or both) into their homes.

So what's a person with so many consoles to do, especially when their new shiny systems can do what their existing systems are capable of (and more)? Console owners have a few options. According to the vice president of insights and analysis for Electronic Entertainment Design and Research, Jesse Divnich, it all comes down to what kind of consumer you are.

1. KEEP IT FOR THE GAMES

"There are still some great titles coming out that are only coming out on the PlayStation 3 and Xbox 360, " Divnich told Polygon. In fact, there's no shortage of major video games that are launching later this year and early next year that will only be available on the PS3 and Xbox 360. In the last quarter of 2013, we'll see the launch of current-gen exclusives like XCOM: Enemy Within, South Park: The Stick of Truth and Gran Turismo 6. Early 2014 will see the launch of Dark Souls 2, Castlevania: Lords of Shadow 2, Fable Anniversary and Lightning Returns: Final Fantasy 13.

"The whole idea that one day the PS3 is going to be worth thousands of dollars only works if everybody gets rid of theirs"

In addition, there's a long list of fighting games and independent titles expected to launch in 2014 that, so far, have only been announced for the PS3 and Xbox 360.

Another reason Divnich offers for keeping your current-gen console is that they're still functioning machines that can play your entire library of Xbox 360 and PS3 games.

Both Microsoft and Sony announced earlier this year that neither of their consoles natively support backward compatibility at launch, which means you won't be able to pop your PS3 game discs into your PS4 and expect them to work.

Both consoles could eventually support backward compatibility, but there have been no new announcements from either manufacturer at the time of writing. So if you think you might want to go back to play some of your PS3 or Xbox 360 games, it's probably best to hold onto those consoles until there's further news about backward compatibility support.

2. HAND IT DOWN, SELL IT

"If you're someone who's truly going to transition over to the new systems, then maybe selling your console might be ideal, " Divnich says.

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