Let's Have A Garage Sale!

7 years ago

Melissa Gootee	EXIT REALTY NEXUS

Let's Have a
Garage Sale!

Garage sale, yard sale, tag sale, estate sale,basement sale, house sale, porch sale whatever you call it, they're fun to have and, better yet, have the potential to add substantially to your personal bottom line! However, as with anything that's worth having, there are a few steps and guidelines you should follow to give your sale the best possible chance for worthwhile success. Here are some of the most popular suggestions from garage sale experts, both buyers and sellers alike.

Before the Sale

Find out if your area requires a permit or has any restrictions regarding garage sales.
When choosing items to sell, a good rule to follow is sell anything you have not used for a while, or that you don't foresee ever using again.
Pick your sale dates. The most popular days are Thursday through Saturday on a non-holiday weekend.
Place a short ad in your local newspaper. This will attract people who wouldn't normally see your street signs.
Invite a neighbor or friend to join in your sale, the more stuff you have to sell, the better! Plus, it's cheaper to split the cost of the newspaper ad with someone.
Price everything! Prices should generally be 10-50% of the original price of the item, depending on condition and desirability.
For pricing, use permanent markers and removable self-adhesive labels.
Price items in increments of 25 cents for easy change-making.
Anything damaged or not in working order should be marked "as is".
Make signs to post on your front lawn and permissible street corners.
Signs should be big enough to read while driving by - at least 24" by 24" - with short, large text.
Balloons and large arrows are also helpful to direct customers to your sale.

Setting Up Your Selling Space

Sweep and tidy the area and/or make sure your grass has been freshly mowed.
Wash dirty items. People will pay more for something that is clean.
Display your treasures in like categories, i.e.; kitchen stuff on one table; toys in one corner; music and videos in one box, etc.
Keep smaller, more expensive items close by so you can keep your eye on them.
If you are selling electrical appliances, have an outlet or long extension cord handy.
Arrange tables and items so that traffic will flow naturally without bottlenecks.
Make sure any items you don't want to sell are put away or out of sight.

The Big Day!

Have lots of coins and small bills available to make change at least $20 worth.
Don't leave your money unattended, better yet, wear a fanny pack or carpenter's apron to keep it with you.
Only accept cash, unless you're willing to risk getting a bad check.
Have plenty of bags and boxes available, plus old newspapers for packing breakables.
Be prepared for buyers who want to bargain. If it's early in the morning, or you don't want to bargain, just say you think it's worth that price, or that you may lower the price later in the day if it doesn't sell.
Don't allow strangers into your house unless, of course, it's an inside sale.
To avoid any hassles later on, post a sign that says "All Sales Final".
Have pleasant music playing softly in the background.
Smile, sell and enjoy!

After the Sale

Consider donating unsold items to charity. Some will even make pick ups.
TAKE YOUR SIGNS DOWN! :)

This Stuff Sells!

Toys
Infant's & Children's Clothing
Furniture
Small Appliances
Decorative
Knick-Knacks
Kitchen
Gadgets
Antiques & Collectibles
Sporting & Camping Gear
Books & Comic Books
Music & Movies
Dinnerware & Cookware
Workshop & Garden Tools

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A Word On Closing Costs

When figuring out how much you will need at the closing for your down payment, don't forget about the closing costs! As you might expect, these additional costs can add up significantly. Depending on the financing costs and the time of the month that you close, your actual closing costs may vary. Your Realtor can give you an estimate of these costs, including your loan points, title search and insurance, attorneys' fees, and any transfer taxes or recording fees charged by your local government. There may also be property taxes, local association fees and home insurance that must be prepaid. In other words, be knowledgeable of the closing process, and don't get caught short!

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The Trivia Block

What do nearly 90% of all Westerners want included with their new home?

A garage!
Besides sheltering cars, many need the space for storage because they don't have basements.

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