Pricing Used Goods
Yard Sale Presentation
Big Money Garage Sales
It's been awhile since I've had a garage sale, so I'm clueless about pricing garage sale items. I was wondering if some of you could help me?
We have a small sofa and loveseat and other furniture, microwave and other small appliances, pots, pans and dishes, some power tools. adult clothes, assorted knickknacks, DVDs, VHS, CDs and some jewelry (Some nicer and some just for fun).
Thank you so much! This would be very helpful!
For the person needing pricing information for her garage sale items, there is a place on the Salvation Army website that has a guide for the value of items. I would price items lower than their listing for a garage sale. The website is satruck.org/donation-value-guide
The best rule of thumb in garage sale pricing is about half of what you paid for it, or less, depending on the condition. Or consider what you would be willing to pay for it. The area you live is another important factor. If you live in an upscale part of town, you can ask more and probably get it. However, if you are near a college campus, many apartment building complexes or senior living centers, you should price things a bit lower to ensure they sell.
To get a good feel for the right price, visit your local thrift stores. It will give you an excellent idea what the market will bear.
SP in Fargo, ND
A good rule of thumb is 10% of retail, except for high demand items like children's clothing and baby items, where you might get a little more if it's in good shape or is a premium brand name. The more attractive your tables and set-up, the more likely you are to get a good price. This includes having a neat, clean yard and garage. Make sure your items are clean and that there are electrical outlets or extension cords available to easily check for working condition of appliances and tools. Clothing should be sorted by gender and type and either stacked neatly on tables or hung on hangers. The few things you can get away with displaying on a tarp or blanket are children's toys (all the better for the littlest shoppers to reach them) and shoes.
On some items, I will lower the price as the day wears on, or even earlier if an item is getting a lot of interest but doesn't sell. I also usually have a free box with things that I think someone might find useful, but I wouldn't ask them to pay for, like clothing with tears or stains, damaged items, pieces missing, etc.
For pricing garage sale items, you might want to consider a few things:
Here are some helpful hints of what not to do when considering pricing of items:
The exception to these is, of course, if an item is truly a collectable or very valuable. Then you may be better off having it professionally auctioned or having it sold through a private sale (via an appraiser).
We have a huge garage sale every year and pricing is a snap. We keep the price to approximately 50% to 75% of what the item would cost new. You can always check out eBay for questionable items, such as collectibles.
In pricing garage sale items, the first thing you need to decide is whether you are selling items to make money or if you are hoping to get others to pay you something to cart off stuff you don't want anymore. If the former, you should visit local thrift shops and antique shops to see what they are asking for similar items. This will give you an idea of the value of your items, but be prepared to carry most of your stuff back into the garage at the end of the day. Note that most shops don't sell out in a day. If the latter, which is the reason for my sales, I price items at what I would want to pay for them if I were considering purchasing them at a garage sale. Since I am an avid bargain-hunter, this means that I price my items considerably below their market value. However, at the end of the day, I have some space in my basement and some money in my pocket.
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