You don’t want to be competing against each other in the same garage sale. If one item is in a better condition, agree on what the higher price should be. If you’re having a group garage sale and similar items are being sold and they are in the same condition, agree on a similar price. Please choose a value within this range that is in keeping with your item’s relative age and quality. You will see that the table includes low and high estimates of value. If you were donating your items, this Valuation Guide for Salvation Army Donations will give you a guide to the donation value or common items. Visit your local stores and note the prices of the items similar to yours and price yours at least half.
Shoppers won’t be interested in buying something from your garage sale if they can get the same at a cheaper price at the local Salvation Army or Goodwill store. This way, you are maximizing your sales price and the buyer thinks they’re getting a bargain Price Garage Sale items below Thrift Store Prices If you have any small unique items, check eBay to see if any have been sold before and set your asking price at 50% – 75% of the price they were sold for (not the initial asking price). People make a living from buying things cheaply at garage sales and reselling them for a much higher price on eBay or other online auction sites. If you are having your garage sale in autumn then your winter or snow stuff will be in demand so you can ask slightly higher prices. If you are having your garage sale in spring then you can ask for higher prices for your summer items.You’ll find that serious collectors will buy no matter what the cost. You should do research first (eg check eBay) to get a reasonable price for this type of item. If you have a popular or collectable item that you think will get snapped up quickly in your garage sale, you should mark it with an even higher starting price.As most haggling is usually just a split-the-difference exercise, to end at the highest possible finishing price your initial asking price should start as high as you can without scaring away shoppers.īelow is a guide showing your bottom-line price and how much you could put on the price tag: Your bottom-line price The price for your price tag $20 $25 or $30 $15 $18 or $20 $10 $12 or $15 $5 $6 or $8 $2 $2.50 or $3 $1 $1.50 or $1.75 50c 75c Price based on demand
The amount depends on the condition of the item and how much you are prepared to haggle. Most people expect prices at garage sales to be just the starting price and are about 25% to 50% above the seller’s (ie your) bottom-line price to allow for negotiating. what is it being sold for in surrounding garage sales, flea markets and rummage sales Set your prices with “room to move”.is what you’re trying to sell in-season or out of season.Other factors that will affect your prices include: An item with tags or in its original box can bring a slightly higher price. Don’t forget, you’re selling used items with no guarantee or warranty!įor example, if something retails for $50 and your item is in near new condition you would price it at $10 or $5 if it’s in a worn condition. Generally garage sale prices this year are 10% to 20% of the current retail price depending on the item’s condition and the demand. What price have other garage sales around the area been selling it for? The 10% Pricing Rule.Ask yourself, “If I needed this, what would I be willing to pay for it?.The 2 Golden Rules for Garage Sale Pricing If you can’t bring yourself to price an item at ‘garage sale’ prices described below, don’t include it in your garage sale but try selling it through one of these garage sale alternatives like a classified ad in your local paper, online auction sites or consignment outlets.ĭon’t forget that to make as much money as you can from your garage sale, you have to sell your stuff so price to sell but not to give away. If it’s of no value to you anymore then that is its true value – anything more will be a bonus. These garage sale pricing tips will make it easy.įorget about how much you paid originally or how valuable it has been to you or any sentimental attachment you have. One of the hardest decisions you will have to make is what garage sale prices to put on your items.
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