If you’ve never held a garage sale before — or just not sure about the best way to price your stuff — these guidelines can help you price things reasonably and get them sold.
Photo by David Goehring
It can be tough selling your stuff, but you’re not going to get anywhere near what you paid for it. Still, it’s tough to determine a price that makes it worth selling, yet also looks like a bargain to a potential buyer. Saeed Darabi at Money Pantry recommends you follow these pricing guidelines:
The bottom line in a garage sale is that you’re selling your stuff for roughly 15% of what it was worth originally. Maybe down to 10%, maybe up to 25%, but almost never more… The sad truth is that even if it’s worth $1000 dollars, nobody is going to pay more than [around] $100 for it at your garage sale. Customers are looking to fill up their arms for 10 or 20 dollars and leave, so you should keep that in mind when you make your strategy.
Of course, you don’t have to tag the prices you determine on the items if you don’t want to. It might even make you more money if you don’t. Plus you wouldn’t have to buy price tags or stickers. Remember, you’re having a garage sale to get rid of stuff first and make a little cash second. Don’t let pricing get in the way of your de-cluttering!
11 Garage Sale Tips to Help You Successfully Sell Everything [Money Pantry]