Get Ready to Garage Sale
A well-planned garage or yard sale can make room in your home, get rid of unused items and make some money but it needs some planning to be successful.
Start early to research and plan- Promotion is key
- Display items attractively
- Price items right
- Organize checkout
Saturdays are generally the best day but there may be some exceptions. Experienced garage-salers believe that a well-planned one-day event will do as well as a multi-day event. Serious purchasers will look for the “new” sale and most people don’t come back multiple days.
Advertise in local newspapers and free online classified sites like craigslist. If several families are going together for the sale, mention that in the ad; it will be a big draw. Mention your bigger-ticket items like furniture, equipment and baby items.
Garage sale signs can be purchased or made at Staples, Fedex Office or Kwik Signs. Signs need large lettering so they’re easy to read while people are driving. Most important info: Garage or Yard Sale, address, date and time. Directional signs are also important. Balloons and streamers to attract attention to the signs are very helpful.
Consider using the service Square so that you can take credit cards. The cost is 2.75% per swipe and can be done on your smartphone or iPad. You’ll need to sign up at least two weeks in advance to receive your reader.
Unless you’re having an estate sale, keep your home locked. You don’t want people wandering through your home while you’re outside. If you start to accumulate a lot of money, take some of it inside. Don’t discuss how much money you’ve made during the sale or how successful it has been.
People will want to bargain; it’s the nature of the game. Consider this strategy: less negotiations early in the sale and possibly, more toward the end of the sale.
Information courtesy of Sandra Nickel Hat Team REALTORS.
Qualified mortgage interest is deductible on taxpayers' returns subject to the maximum acquisition debt of one million dollars. For the fortunate homeowners who have paid off their mortgage, their acquisition debt was reduced to zero and only the interest on a maximum home equity debt of $100,000 is deductible.
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