It’s time to clean out some old junk – but one person’s junk may be another’s treasure!
Billings Park Rummage Sale Day is an excuse to set up a table in your garage or on your lawn, put up some signs and rake in the eager Billings Park Days crowds for a chance to walk away with a modestly priced, pre-loved treat! Check out our map of Saturday's rummage sales, most within walking distance!
4 Tips on How to Price Garage Sale Items:
1. Name your price.
Here’s the key to garage sale pricing and one of the top garage sale tips to remember: Be careful not to attach sentimental value to your stuff and overprice it in the process. If you need an objective opinion, ask a friend to come over and tell you what they would reasonably pay for the item.
Do a quick search online to check the current value. Keep it realistic by pricing things a quarter or a third of what they would cost brand new. If you price a sweater you bought for $80 at $50, it’s probably not going to sell. But an $80 sweater for $25? Now you’ve got yourself a deal.
If you’re not sure how to price a garage sale item, here are some pricing suggestions to start you off:
- Baby clothes - Suggested price: $1 to $3 for gently used/good condition, or less than $1 for well-worn items.
- Adult Clothes - Suggested price: $3 to $5 (more if the item still has tags on it)
- Shoes - Suggested price: $3 to $7
- Coats - Suggested price: $5 to $15
- Jewelry - Suggested price: 50 cents to $2 (but if you think the jewelry is valuable, have it appraised first)
- Books - Suggested price: $1 to $2 for hardcover, or 25 to 50 cents for paperback
- Blu-ray Discs, DVDs, or CDs - Suggested price: $3 to $5
- Toys and Games - Suggested price: $1 to $3 each
- Home Décor - Suggested price: $3 to $5
- Furniture - Suggested price: $10 to $30 for low-quality furniture, but no more than one-third of the price for high-quality pieces.
2. Make prices visible.
Make sure your prices are in plain view by using price tags or stickers. If you don’t have time, at least group similarly priced items together with a sign that breaks down the cost. Or use colored stickers and hang up a chart that specifies the cost by color, like green stickers are 50 cents, blue stickers are $1, etc. Just try not to confuse your customers.
Bigger items call for bigger price tags. Don’t make the buyer search for a tiny sticker on that armoire you’re selling. Make it big, noticeable and attractive to the buyer.
3. Bundle items.
It’s easy to pass up DVDs at $1 a pop. But if you offer them at four for $5, you’re sure to catch someone’s attention. Look around for ways to make a deal. If it’s the end of the day and you really want to move your items, let customers fill up a bag with items for a $5 or $10 flat rate.
4. Don’t hike up your prices with the expectation to haggle.
Price your items so they’ll sell. Period. Don’t set the starting price high and expect your customers to haggle you down. Many potential buyers will walk away from big prices and never even bother to haggle—and you just lost a sale.