Springtime is here, and it is an ideal time to clean up and de-clutter your house by getting rid of items that you no longer use. And if you’re savvy, you can make small gains in getting your financial house in order in the process.
Having a yard sale is one of the best ways to get rid of items you no longer benefit from having lying around while socking away a little extra cash for the summer in the process. But throwing all of your junk in the yard and putting up a couple of cardboard signs out isn’t going to yield you the best results. In order to guarantee that that one man’s trash really does become another’s treasure to your economic benefit, take the following advice.
Pre-game the yard sale. As you get together the goods that you plan to sell, you may realize that you have some more valuable items or rare items that could do better in a different marketplace. Begin inventorying your yard sale items far enough in advance to list things like electronics, antiques and rare or possibly collectible items on Craigslist, eBay and other online marketplaces where you reach a broader base of possible consumers. If you don’t sell them online (where they will likely fetch a higher price), you will have a second chance to get rid of them on the big day.
Pick the right day. Weekends are a good time for yard sales, but be sure to check that there aren’t any local events occurring that would compete with your sale. And while it may seem counterintuitive, having the yard sale on a day when others are occurring is a good idea, as people often make a day of “yard saleing.” Another thing to consider is that many elderly people and others on fixed incomes get checks at the end of the month and, thus, have extra money to spend.
Advertise. Place ads in local newspapers and community shopper guides, and don’t be afraid to spend a little extra on a bigger ad that is more likely to stand out. Also, you should take advantage of free online classifieds, community forums and your social networks.
Make it pretty. The items you’re selling may be old… to you. But there are people out there who are likely looking for specific items that you have for sale. Clean up things and organize them neatly for your sale.
Price for profit. Keep in mind, your stuff isn’t brand new. Just because you paid $250 for your old microwave doesn’t mean years of popcorn popping hasn’t diminished its value to $50 or even $25. The trick to yard sale pricing is to be on the high end of reasonable, making clear that you are willing to barter. If you are no good at selling and bartering, perhaps you can coax a friend who is a professional salesman or just a little more boisterous than you into helping out.
Be easy to find. Put up signs for miles around, advertising your yard sale and including your address or directional arrows. Don’t forget the address; many people have a smartphone or a navigational device that they may wish to use to locate your sale.