Advertisement
Home & Real Estate

The Right Way to Have a Yard Sale

I'm having a yard sale this weekend to unload some clutter and generate some extra cash.

I'm having a yard sale this weekend to unload some clutter and generate some extra cash. But, I have to admit, I'm a yard-sale novice. Luckily, the June issue of Kiplinger's Retirement Report has a story, "Make the Most of a Garage Sale," with great tips for people like me. So if you're planning on having your own yard or garage sale, follow this advice:

Advertisement - Article continues below

1. Sell collectibles online -- they'll fetch a higher price there than in a yard sale.2. Do some research to set prices -- this is especially true if you're selling old or unusual items. Search Google, eBay, Craigslist or consignment stores for similar items to determine market value. Check out other yard sales the weekend before yours to see how items are priced.3. Set prices slightly higher than what you expect to get and be prepared to negotiate.4. Focus on presentation. Keep items accessible so people don't have to rummage through boxes and create interesting displays.5. Watch out for thieves -- and pros. Enlist someone to be your security guard to watch shoppers while you negotiate prices and collect money. Look over items as people buy them to ensure that they haven't concealed anything inside them. And beware of antique dealers who will try to lowball you and resell your items at a higher price.

For a truly comprehensive guide -- from when to have a sale to how to prepare and how to price and present items -- see TipNut's Garage Sale Tips for Success.

If you don't have any junk to unload but could use a little more moolah, see 11 Ways to Get Extra Cash.

Advertisement

Most Popular

2020 Stock Market Holidays and Bond Market Holidays
Markets

2020 Stock Market Holidays and Bond Market Holidays

Is the market open today? Take a look at which holidays the stock markets and bond markets take off in 2020.
July 1, 2020
What Are the Income Tax Brackets for 2020 vs. 2019?
tax brackets

What Are the Income Tax Brackets for 2020 vs. 2019?

The IRS unveiled the 2020 tax brackets, and it's never too early to start planning to minimize your future tax bill.
June 20, 2020
Chiropractor Trying to Get Business the Wrong Way – Illegally
careers

Chiropractor Trying to Get Business the Wrong Way – Illegally

A new chiropractor’s fledgling business plan to attract patients may sound reasonable at first look, but it’s actually against the law, and the same p…
June 30, 2020

Recommended

For Financially Responsible Kids, Do NOT Do These 3 Things
family savings

For Financially Responsible Kids, Do NOT Do These 3 Things

The key to putting your kids on the right financial path can be boiled down into one sentence.
July 1, 2020
10 Tax Breaks for the Middle Class
tax deductions

10 Tax Breaks for the Middle Class

Tax breaks aren't just for the rich. There are plenty of them that are only available to middle- and low-income Americans.
June 30, 2020
The Answers to More RMD Questions
retirement

The Answers to More RMD Questions

The CARES Act made 2020 required minimum distributions optional. But what are your next moves?
June 12, 2020
Travel Planning in the Time of Coronavirus
business

Travel Planning in the Time of Coronavirus

Insurance may not cover canceled vacations, but airlines and hotels may be flexible.
June 11, 2020