Garage Sale Pricing

Updated on June 01, 2007
K.S. asks from Hartland, MI
7 answers

Hi!
I'm planning on having a garage sale in the next few weeks and I had some question about pricing. Most of the things for sale are in excellent condition, pretty new (like children's items), no stains on clothes, big pieces of furniture etc. Is there a site that gives fair pricing? How do you figure out a fair value for the people who are buying vs. being a sucker and listing the stuff for too cheap? Any of you out there who have done this with any helpful suggestions would be greatly appreciated!!! Thanks:)

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K.C.

answers from Benton Harbor on

10% of the actual cost is a good guideline. I garage sale a lot and that is the basic price. You could go a little more than that on some of the more expensive items, if they are in good shape. Just remember, if you want to get rid of things, then don't price stuff too high, so people, like me don't even try to bargain. If it is marked too high, I just say forget it.

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C.S.

answers from Detroit on

I guess you have to ask yourself what are you going to do with the stuff that doesn't sell first. If you plan to box it up and send it to goodwill or something you might as well sell as much as you can. If you price to high you're not going to get anything for a larger amount of items. Where if you sell it for less you'll sell more and make more in the long run. I usually just want to get rid of all my stuff when I have a garage sale so I price low, $1 each piece for clothing so an outfit would be $2. Jammies I usually do $1. Large items I consider what I paid and go from there. For example my pack and play was $89 so I sold it for $10. I would say you need to decide what you want for items and price accordingly. Take into consideration where you live also. I've been to sales where they are asking $7 for a pairs of kids jeans. I would NEVER pay that for a used item. I don't care what brand name is on it and I don't know a single person that would. So just go with your gut and be willing to come down if need be, once you see what the people are going for. Good luck with your sale!!!

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S.B.

answers from Grand Rapids on

Well as far as clothes go I would say put them into outfits because baby clothes are really expensive anyways so put them into outfits and sell the outfits for like $2.00 or something. And for like a high chair or whatever go onto ebay and price them that way....1. you have to look at the name brands, 2. if there are any stains, 3. what is on the comments....if it has something on the comments like "Been used for 3 or more kids" then it has had alot of use and if it still in good condition that means that is a GOOD high chair and it needs to priced at like $10.00. But this is just a suggestion. I really hope this has helped you out some. Well good luck to you.

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L.W.

answers from Detroit on

Hi K. - I have always heard that when pricing used items, of course depending on whether they are name brand, condition, etc. you kind of go by the 10% of the original cost guideline. For me personally, sometimes it is difficult to price stuff at such a low level when it may have sentimental value, it is in exceptional condition or it is really nice (or I used to really like it). Then I remind myself that I am getting rid of it for a reason and that someone else can get use out of it during its second life - and it doesn't go into one of our ever expanding landfills. Then you can spend the money on something new! L. W

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H.T.

answers from Detroit on

I had a garage sale last summer, and I found that people are always wanting to bargin with you. So....I wouldn't price your things too low, leave some room for negotiating. It also depends on just how much you want to sell certain items. For example, I really, really wanted to get rid of our extra holiday items, so I sold them cheaper. Other items I still have because I couldn't let them go for under a certain amount. Thats the emotional side of it I suppose! Also, let me know what you have in the way of baby items (not clothes). I am looking for things slightly used to give to my Mom to keep at her house for when my baby comes soon!

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S.S.

answers from Detroit on

Hello K.,
I have always find the best rule for pricing yard sales is to look at the piece as if you were a prospective buyer and what price you would be willing to pay for it. You have to realistic because if you are looking to move the items then you may not want to price them too high. Most people are looking for a bargain. I saw a high chair at a garage sale yesterday and they were asking $40 for it. I thought it was pretty high and evidently so did everyone else because it was still there later that afternoon. Best of luck

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R.W.

answers from Jackson on

When I price things for Yard Sales I just think about how much I would be willing to pay for the item if I found it at another sale.

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