Garage Sales are part of our culture and as sure as the trees leaf out each spring, you can count on garage sales popping up in abundance in a neighborhood near you.
It’s a way to clean things out and make a little cash, and there’s nothing wrong with that. For those who enjoy spending time leap frogging from sale to sale, it’s a treasure hunt with the occasional victory.
I have spent quite a few hours over the last several months working with clients on garage sales. This is part of my repertoire, but until recently, I have not had much demand for the service. Not long ago, out of the blue, I got two requests within days of each other to help with sales.
The two sales couldn’t have been more different. One was small; a woman helping her mother (moving into a retirement village) downsize. The other was massive; a lifetime of stuff and a four bay commercial garage was needed to hold everything! One sale netted $250 and the other $7,000.
Both clients were most interested in getting help with pricing items. How much should they, or could they, charge for mom’s china, an old clock radio, a vintage poster, or an overused blender?
Based on my recent immersion into garage sale pricing (I have probably priced over 2,000 items in the last month) I have a couple of thoughts when it comes to deciding what to charge.
If you are planning to have one of these summer events, here is my unsolicited advice:
So, if you have a garage sale in your future, keep one thing in mind: try to have some fun and when it’s all over use some of the money to treat yourself to dinner out - you will have earned it.