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Hi Taylor
- Our Spring cleaning turned into summer cleaning, but I'm determined
to get this garage cleared out. Any tips for having a successful yard
sale that will help offload some stuff and make me a buck?
Hi Marcus - As long as the cleaning happens, it doesn't matter
the season! A summer yard sale can actually be a big hit with kids
who are home from college or about to leave town for the first time.
It's always a little hit or miss, but here are the things I'd be thinking
about if I were you. |
1. Quantity
or quality?
If the primary goal is to clean out a space, just get as many
tarps as you need to lay out your for-sale items and see what
happens. You never know who's going to buy what, so the goal is
to see how much stuff you can get rid of. If there are a couple
of big-ticket items, I'd try to sell those online first. You can
generally get a better price when it's a specific listing that
will meet a specific need. Once the electronics and quality furniture
get mixed in with the inexpensive stuff during the yard sale,
you start to lose your bargaining power. Apart from those items,
just try to get as much merchandise presented as possible.
2. Seasonal needs. You're still in the right window for selling
summer accessories like water skis and pool toys. If you have
those things, don't use them very often, and want to get a clean
start, put them out for sale and expect to see them go in a hurry.
Now might not be the best time to sell your winter coatthat
stuff will sell better in September or October. Typically, the
people who buy at a yard sale are looking to meet their in-the-moment
needs, so the more you can cater to that the better.
3. Have fun. It's a lot of work to get everything staged and
sold at your garage sale. The whole thing will be a lot more fun
if you let your neighbors know, fire up the grill, maybe set the
wading pool out for the kids, and make a weekend event out of
it. If your neighbors have some stuff to sell they can join in
on the fun. The more people involved, the more people will hear
about the sale, the more people will show up and buy your stuff.
You can post flyers on every telephone pole in town, but word
of mouth and foot traffic will be the main drivers for your sale.
The smell of hot dogs cooking alone will bring in a handful of
possible buyers who can't resist the aroma of burning charcoal.
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It's important
to think things through so you aren't hosting a yard sale without
anything to sell. Beyond that, you should really try to take the pressure
off and enjoy yourself. Who knows what people will buy or how much
money you'll bring in, so try to ditch the expectations and make an
event out of it. Good luck, Marcus! |
Legal Disclaimer:
Information presented is for educational purposes only and is not
an offer or solicitation for the sale or purchase of any specific
securities, investments, or investment strategies. Investments involve
risk and, unless otherwise stated, are not guaranteed. Be sure to
first consult with a qualified financial adviser and/or tax professional
before implementing any strategy discussed herein. To submit a question
to be answered in this column, please send it via email to Question@GoFarWithKovar.com,
or via USPS to Taylor Kovar, 415 S 1st St, Suite 300, Lufkin, TX 75901.
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