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Garage Saling Tips to make the most of your time and money

  • You'll find the best stuff at the best prices by targeting high-end neighborhoods where people have money to burn and are just trying to get rid of stuff 

  • Now that price is not much of a deterrent, space will likely become the limiting factor.

    • Know where you'll put something before you buy it.

    • However, if you absolutely love something, you'll probably be able to find room for it, even if it means replacing something else.

    • If you're getting it for someone else, check in with them first.  That's what cell phones are for.  You may even be able take a picture of it with your phone and send it to them.

     

  •  Don't be afraid to make a mistake. 

    • If if doesn't work out, you can donate it to the next charity that calls wanting to pick up stuff

    • Take the time to properly document your donation and you may find that your tax deduction is at least equal to what you paid for the item at a garage sale.  It's fair market value that counts, and that's usually based on consignment stores and thrift shops, not garage sales.  I highly recommend using "It's Deductible" which costs $20-$30 per year and really helps you value and claim your in-kind donations.  http://turbotax.intuit.com/tax_products/learn_itsdeductible.jhtml

Top 5 Garage Sale Etiquette Tips

#1  When they say "no early birds", please respect that

#2  Haggling is perfectly fine  

  • If you think something is overpriced, offer something like 60% of the asking price, but be gracious and kind about the negotiation

#3  Bring small bills and change

#4  Smile and be friendly

  • Including to those fellow shoppers that are trying to make a living at buying and reselling at flea markets.  They may be annoying, but that's a tough way to make a living.

#5  Take this as an opportunity to reach out to the community  

  • You can make connections, see how people live, brighten someone's day, discover new neighborhoods, and have God speak to you about the true value of earthly possessions (or lack thereof).