Maximize Money From Your Next Yard Sale

May 9, 2018

© Alexey Stiop | Dreamstime

Sometimes it's time to say goodbye to some of your stuff and the best kind of sendoff is to turn those items into cash.  A yard or garage sale can be a good way to clear out your home while making a few bucks.  But if you use these tips those bucks will be plentiful!  Make sure your yard sale is organized. Don't be afraid to use time-tested supermarket and department store promotion tricks. Organize similar items together so they catch the shopper’s attention, including broken items because one man's trash is another man's treasure. If you have a lot of a particular item, “buy 3, get 1 free” is a great option. As odd as it may sound, resist the urge to place price tags on items. In many cases by asking a buyer for their best offer you may get more money than you were willing to charge. If negotiating isn't your bag and you would feel more comfortable placing a price on items, find out their value.  Visit the web site Statricks.com. It aggregates pricing data from selling sites such as eBay and Craigslist. You'll find hundreds of thousands of used products, from small appliances, bicycles and cell phones to computers, photo and video equipment, and sporting goods with pries you can use to attach to your items. Make sure to go through your stuff. Perhaps you forgot about a $20 bill in the pocket of the pants you're selling for a quarter.  Be friendly. People are less likely to buy from someone who is reading a book or talking on a phone, and more likely to buy if you greet them and are available to answer questions and negotiate. Take a personal day off from work and start your sale early (like 6am or 7am) on a Thursday or Friday. You'll have less competition from other sales and you're more likely to catch people going to work or dropping the kids off at school.  You can always continue the sale during the weekend if you have items left. Lastly, lock up your doors. Keep your money and a phone with you at all times. People toting counterfeit bills sometimes turn up at garage sales, so turn down payments in big bills.

SOURCE: Consumer Reports

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