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PS5: turn off Console Sharing and factory reset before selling

Before you hand over a PS5, it should no longer be your account's main console and it should be wiped back to factory state. Both are done from the PS5 settings in about 20 minutes.

Back up your saves, then go to Settings > Users and Accounts > Other > Console Sharing and Offline Play and choose Disable. Next, open Settings > System > System Software > Reset Options > Reset Your Console. If the PS5 is already gone, deactivate it from Device Management in your PlayStation account on the web.