Americans hold 165,000 garage sales every week, which generate more than $4.2 million in profit. But not every sale is a home run.
The average garage sale items sells for just 85 cents. You can price things higher, but hawkish buyers expect to negotiate, driving down profits. By the time you’ve gone to the trouble of sorting, pricing, and setting everything up, any money you make might not really seem worth it, especially if you had to give up a beautiful spring morning in exchange.
So should you just toss everything in a bin for Goodwill rather than trying to sell it? Not necessarily. A tag sale can be a worthwhile endeavor but only if you’re smart about how you do it. Making your sale appealing to picky buyers is essential if you don’t want to end up with a yard full of stuff you have to haul back into the house at the end of the day.
“A good sale from the buyer’s perspective is two-fold: a sale with clean, organized items and a seller ready to sell,” Vanessa Lumby, of Cash Cow Couple and a yard sale devotee, told The Cheat Sheet. “Nothing is worse than pulling up to a sale full of broken, dirty junk. Equally bad is dealing with a seller that has prices set high and is unwilling to bargain. The magic happens when a sale is well organized and clean, with a seller who is friendly and truly wants to get rid of their things for a reasonable price.”
Having saleable items and being flexible on price are just the tip of the iceberg when it comes to garage sale success. Read on for our 10 yard sale tips to make the most money.