How do I restore my MacBook Pro to factory settings for resale?

best external hard drive in 2011 image

aurorasred

I am wanting to sell my MacBook Pro for the newer model. I purchased this in March 2011. This may be a silly question but I've never "wiped" a Mac for resale and I'm use to doing so on PCs. What is the best way I can restore factory settings to this MacBook for resale?

Also, would it be easier to backup my Mac on an external Hard drive or to do a Mac to Mac transfer before restoring?

Sorry for the 2 part question and thanks!

Answer
this is done in the utility or settings area. I run a macbook air & they are similar. this is where I located the restore

Best hard drive for Mac video editting and storage?

iseegrace

I have the Mac OS X 10.7.3
2.3 GHz Intel Core i5

I am planning to get a portable external hard drive within the $200 budget mainly for video editting on Final Cut Pro and After effects and for storage.

I am so confused with fireware and 3.0
3.0 seems to be a good thing but will my macbook be compatible with it or will it function as a 2.0?

Please recommend me with the products with links. Thanks!

Answer
Final point is that Firewire 800 has wider bandwidth than USB. Also, USB never performs in real life situations equal to the spec.

Your computer (if it shows "MacBookPro8,1" for the Machine ID) is Early 2011, so it is USB 2.0. You cannot connect any USB 3.0 device to that. Your fastest option no matter what we think about USB 3.0 is still Firewire 800.... or Thunderbolt.

I also suggest an aluminum case for better heat dissipation. See links below.

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Title Post: How do I restore my MacBook Pro to factory settings for resale?
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