How To Price Garage Sale Items: Moving Guide

Jan 18, 2021 Relocation is the best time to get rid of your unwanted things. Packing and moving stuff that you no longer need or want would be a complete waste of time, money and energy. Although you can easily toss these things or donate, organising a garage sale would be the best option for you. It will help you get rid of unwanted things and earn some amount that can cover some part of the moving expense. When you organise a garage sale, the biggest challenge you will face is how to price the items. There are some factors that you need to consider while deciding the price. If you can carry out the task as per your plans, you can expect to sell a lot of items during your end of lease period. That will make your packing process a lot easier and you will experience cost-effective and hassle-free removals in Sunshine Coast. If you want to price your items correctly for the garage sale, then you need some guidance. Read on to know more about how to price garage sale items. Use the information as your moving guide.

Understand your Priority

Before deciding how to price garage sale items, understand your priority. If your main objective is to get rid of many unwanted things as possible, keep your prices very nominal. Make sure that the cost is not only well below retail prices, but also the thrift shop and flea market prices. However, if you want to make extra money, then pricing the items can be a little difficult. On the one hand, you want to get the maximum amount buyers are willing to pay, while on the other hand, you also don’t want the buyers to back off with too-high prices. So, know your goal before pricing the items.

Check Online Price

If you are confused and unable to decide the price of your old furniture, china teacups, designer outfit, etc. check the prices of similar items online. There are many platforms that sell old household items. So, checking such sites will give you a much better idea of what price tag you should put on your items. The more you will research about such items online, the better you will understand. As a result, you will be able to price your items perfectly. If you are involved in social networking groups of your locality where the members advertise their used household products, check out the prices.

Visit Other Garage Sales

If you want to know the right way to price your garage sale items, you should visit the other garage sales in your locality. It will help you to understand the concept of garage sale from a buyer’s perspective. Analyse different items in those garage sales and ask yourself if you need a particular item, how much you are willing to pay for it. This idea will help you to put the right price tag on your items. As a result, you will be able to sell most of your items and experience smooth removals in Sunshine Coast.

Be Flexible With Prices

The price you decide for your items doesn’t mean that you can expect the buyers to pay the same amount. People who come to garage sales are usually those people who love to bargain. So, shoppers in your garage sale will not hesitate to negotiate for a lower price. Therefore, you should set the initial price of the items slightly on the higher side. However, if you take it a little too far, this strategy can also backfire. Not everyone likes to bargain, so the chances are that some people will simply walk away if they feel it is overpriced.

Follow The 10% Rule

Generally, the garage sale items’ price varies from 10% to 20% of the item’s retail price, depending on its condition. Always remember that people are purchasing used items that don’t have any warranty! For instance, if the retail price of a specific item is $50 and you are selling the same item in good new condition, you should price it around $10. However, if it is in bad condition, then you should sell it for $5. You can ask a little higher price for any unused item with tags or something with its original box.

Inform About the Flaws

If any of your belongings you want to sell has any flaws, do not try to hide it. Garage-sale shoppers have experience of purchasing used items, so they are most likely to notice it. That can put many buyers off your garage sale completely. Instead of hiding the flaws put a label on the item mentioning the flaw and set the price accordingly. This approach can help you sell most of your belongings and earn money to cover the cost of professional removalists in Sunshine Coast.

Take Away

Deciding the price of your garage sale items can be one of the most challenging tasks of the moving process. However, you can make the task a little easier if you consider the points mentioned above before you price your items. You will be able to sell your maximum items, and that will help you to accomplish the move smoothly. you will also earn a fair amount of money to support your relocation cost.