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How to hold your own Garage/Yard Sale

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Want to get rid of your junk while making extra cash?

If your house is full with things you no longer use or want, have a garage sale! It is the perfect solution for getting rid of unwanted items and making a little money on the side.  Here’s how to get started:

1) Honesty is the best policy:
If you haven’t used it or worn it in over a year, get rid of it. Go through each room and place unwanted stuff in boxes. A good idea would also be to ask friends or neighbors if they want to contribute to make the most out of the sale.

2) Create an inventory:
You’ll want to compile a list of everything you’re selling and how much you plan to sell it for. Group your items into categories and keep them at similar prices. An inventory sheet will also be useful to anyone helping you so that they can check prices and mark off items as they’re sold.

3) Be reasonable.
If you want to get rid of unwanted items, price them to sell. If you’re selling valuable items, consider pricing them at ¼ of what you paid for. People come to garage sales searching for bargains, so if you’re looking for a higher price, consider placing them on Craigslist or eBay. Keep in mind that your customers will haggle on price, so price wisely.

4) Check with your HOA.
Some communities require authorization before allowing garage sales. Call your homeowners association to see if you need special permission to set up shop in front of your house.  Some communities designate monthly dates for community garage sales, so it’s best to do your research!

5) Advertise, advertise, advertise!
Advertise a few days before your weekend sale. In addition to posters hung up around the neighborhood, advertise your sale in the local paper. Mention some of the items in addition to the date, location and time.

6) Be a good salesman.
Make it easy on yourself and your customers by labeling the price of things on tags. Keep your shop neat and display things on folding tables, if possible. Hang clothing on coat racks for easy viewing and give your customers a friendly welcome when they stop by.

Have you ever had a garage sale? Do you have any tips to share?

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