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Garage Sales

Do you really need all the stuff that’s cluttering up your home? A garage sale is a great way for you to make some extra money.

Planning a successful garage sale can be broken down into two primary concerns - promotion and pricing. To promote your event, buy a classified ad in your local newspaper. Put signs up in your neighborhood advertising your garage sale, but remember to take them down afterwards.

Typically, prices run at about 20 percent of retail because people like to feel as though they’re getting a bargain. To make the handling of money easier, have plenty of change ready and price items in multiples of a quarter.

For your own protection, only accept cash. Cut prices in half during the final hours. You can donate any leftover items to charity and take a tax deduction, provided you keep good records on the contribution. Plus, you’ll avoid cluttering up your home all over again.