Wow, our garage sale is only four days a way at this point. We will be doing a pre-sale Friday night and then most of the day Saturday will be the actual sale.
I have been pricing on and off all weekend, and let me just say – it’s hard!
I have a tendency to under-price, because I need all this stuff to move. Then when one of the garage sale helpers see’s it, she says its too low… change it to “whatever” and I’m changing it again. Then I doubt that it will sell at that price.
The main reason for this garage sale is simply to get rid of all the stuff we have and aren’t using. I wish I could say that was easy, but it’s not. We have a LOT of stuff …. we bought 900 price stickers and it doesn’t even look like its going to come close to covering it, which means another trip to Target before the week’s over for more stickers. I have to pick up signs too though, so I guess that’s fine.
I did some research and also asked a few friends what the general “rule” is for pricing at a garage sale, and apparently it seems to be about 20-30% of the retail cost, except clothing – that’s even less. I guess I’ve been under-pricing everything for years then, lol because that is not what I usually do. To live and learn. 4 days and not enough hours to complete all the work we have left.
I’ll keep you posted.
In the meantime, while doing the pricing research, I came across a great frugal tip to use blue painter’s tape for pricing. It is very easy to remove and is fairly inexpensive. It also goes a long way, and allows you to write more than just a price (like new, 1 piece missing, no lid, no cord, etc.)