We did a lot of acquiring when we moved into this house, and it took a good two years before we felt like we'd completely furnished all 3000+ square feet. Our original plan was to stay here for the long haul... I joked that the next time we moved our gigantic wood bed stand, we'd have burly sons or sons-in-law to help.
But now a new life is beckoning, and this house and all our shtuff is weighing us down.
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Except that I'm not sad. I'm excited!
Now I'm trying to figure out the best way to leave all this stuff behind, and make a bit of money in the process.
The Idea: An Estate Sale
This great sign was designed by an experienced saleswoman. |
We've never done this before, and although we've attended quite a few estate sales, we really don't know how to do it, so we'll be making it up as we go along. Maybe you'll learn something from our plans and our mistakes!
The Plan
- Research: We read a few DIY Estate Sale articles, mostly written by estate sale professionals, warning people to avoid DIYing it.
- Timing: Because we're holding the sale inside the house, cold weather is less of a factor. We'll hold the sale on a weekend that's convenient for us -- at the end of a week off of work.
- Safeguarding: There are three kinds of safeguarding we'll be doing:
- Protecting the stuff we want to keep: We'll designate one room to keep all the stuff we want to keep out of people's hands. We'll lock the doors to that room, and hang up a sign that says STAY OUT.
- Removing the kids: Our daughters are on board with selling the toys, clothes, and books they don't use anymore, especially because we've promised them that the money they earn will go to their Dinseyland fund. Even so, we don't want them around when other people take their toys away. So we'll find a babysitter to keep them occupied somewhere else.
- Reducing theft: We'll provide one way in and one way out of our home, like professional estate sales do. We'll also have plenty of "staff" walking around, monitoring.
- Staffing: We'll ask a few key friends and family members to help us handle buyers, answer questions, watch for theft, take money, and make change. We're hoping to get at least a few friends who speak Spanish, which was a stumbling block for us when we had a yard sale several years ago.
- Pricing:
This, in my opinion, is the hardest part. You've got to set the prices high enough to allow for haggling while still leaving room for profit, but not so high that you tick people off.
And then, you've got to be willing to give people really good deals to round out the final price tag -- if someone has an armful of stuff, work to round out the final price to something that feels like a really good deal. Throw in that one $3.00 item for only $1.00 to make it round. Or give them something for free if it makes things easier.
We will accept cash only, and have lots of small bills on hand so that we can easily make change.
We'll probably do something like this:
- Big stuff: Separate the things that are just too big or expensive to sell in a yard sale setting and attempt to sell them on Craigslist or eBay -- these include things like a scooter and an antique stove. If we can't sell it that way, we'll try at the estate sale.
- Medium stuff: I feel like most stuff will be priced between $20 and $15.
- Clothes: With a few exceptions, we'll price adult clothes in the $3-5 range, and kids clothes in the $1-3 range
- Little stuff: Easy. This all goes in the estate sale, and you price it to sell -- lots of $1.00 and $2.00 baskets.
- Price tags: I've already started affixing little pieces of masking tape to the things I know we're going to sell. I plan to walk around with a permanent marker and add prices before the sale.