Selling select items bought at yard sales can be a great way to make some extra money. This guide is about buying garage sale items to resell.
I love eBay and have been very lucky at finding valuable items to sell on ebay at garage sales. My latest "coup", a Getzen trumpet that I paid $25 for, and sold on eBay for $750. I invested $120 in having the trumpet professionally cleaned and checked out. I offered free next-day delivery with buy-it-now, and sold the trumpet in four days. Including the high cost of the shipping, and the ebay/paypal fees, I still netted almost $500!
That isn't the best part, though. My wife and I happen to live in an area that most yard and garage sales feature a lot of decorative brass items - candlesticks, animals, planters, and such - and most people are anxious to get rid of their brass items. Maybe it is because of the time spent keeping the brass polished, but for whatever reason, we are able to pick up a lot of brass each weekend for pennies on the dollar. We then cash in our brass at a recycling center. Lately, brass has paid as little as $1.75/lb. up to $2.10/lb. Our best weekend ever was just over $120 for brass that we had invested less than $30 in. We use the brass money to cover our gasoline expense on our garage sale days and usually have enough surplus to treat ourselves to a nice dinner out or to simply add to our "stash".
For the person(s) criticizing... what do you think businesses do? They buy low and sell at a profit. This is a business transaction and those people buying low and selling on e-bay or elsewhere are just trying to may a living like everyone else. To me it's no different that negotiating for purchases which is smart and frugal. Something I do on a regular basis.
I do not mind selling my stuff cheap, and I do. What I mind is some ******* who wants me to come down so they can make a 10000% profit.
We don't have garage sales here - UK - instead we have car-boot sales, where all gather at a site, pay about £5m, and sell their items from their car-boot (trunk).
In general, traders here know the value of their goods, but where I think the seller is not well-off, I would tell them if I think an item is worth more elsewhere. They never listen! It would be too much trouble to do the research and so on.
So I have stopped feeling guilty. Anyway, I can only afford to spend very little, not the prices the collectors and sellers pay!
All the posts I read here are indeed very good ways to earn extra cash. A word of caution, though. Get acquainted with your city ordinances on this subject. Some cities have laws against buying items from garage/yard sales and reselling them at your own garage/yard sales. I have seen this ordinance enforced in my city.
Do you have a garage sale purchase that you are particularly proud of? Feel free to post it below.
I bought a sunfish sailboat--(which had been used one season and then stored in a cellar and never used by the original owners again) for $75.00--retail worth $3685.00!!!!! Also bought a complete underground sprinkler system--top of the line--for $25.00.
So Kewl to hear of all your finds! I too love garage saling. I find it relaxing and at the same time very addicting. I had found several awesome finds over the last few years. My biggest find was a solid oak ventless gel fireplace with the bookcases. I planned on taking it home and painting it white.
After cleaning it up it was so gorgeous I decided not to touch the finish~! I found this for $35.00! Looked it up on the net and the cheapest I seen the one I purchased was $699.00! Funny thing is I purchased this in December weeks before xmas. Im sure he would of gotten more then what he gave it away for. It looked beautiful next to my tree and I had a real fire for the holiday! What a find! Yes, I too have found capidamonte, hull, etc.
Today I spent 7 dollars came home with a beautiful HUGE wall planter valued at 50 dollars, office supplies, 2 gorgeous pictures for my living room, a hand blown glass and iron candle holder and some kitchen items! All for 7 dollars! Cant do that anywhere else! LOL
Last summer 2009 I found a 19 inch Samsung LCD monitor for $10. The previous owner said it worked. OK for $10 I will give it try. Works perfect!! Great deal. Bought 3 pairs of nearly new, in mint condition Levi jeans for $1.50 each. they fit perfect! Saved over $30 on each pair! Brand new still in the box pool table light $15 store sticker still on the box said $80. Beautiful 47x30 inch framed mirror for $20, new still in the sealed box. These are just a few things I kept. I do buy to resell on ebay and Differenthings.
I purchased a Lego Creator: The Race To Build It Board Game from a man for $1.00 at a garage sale. It was brand new and complete with 72 pieces. He just wanted to get rid of it. Amazon.com has it listed for $239. Definitely going to sell this baby and make some cash. Ca Ching! $