Prepping For Garage Sales

Dated: November 2 2018

Views: 76

Image title

Prepping for the Sale

 1. Get Supplies. Make sure you have everything you need at least a day before the garage sale starts

 2. Don't Forget the Change. Odds are, you'll have to make $19.95 in change for your first customer 

3. Sort Your Items. Sort before your price 

4. Price Your Items

5. Organize and Arrange Your SalePricing clothes for garage sales


⦁  Baby Clothes. Suggested price: $1 to $3 for gently used baby clothes, 25 to 50 cents for well worn clothes 

⦁  Adult Clothes. Suggested price:  $3 to $5, unless the item still has the original tags — those can go for more

 ⦁ Shoes, Coats, Jewelry - Suggested price: $5 to $7


 Business Licenses and Permits for Garage Sales 

⦁  The cost of a permit is pretty inexpensive, but the cost of a fine can wipe out much of your sale profits

⦁  Business owners in many cities are required to get a business license or permit to open a business.

⦁ Some localities include garage sales as businesses.

If you're making garage sale profits, that overhead is taxable as capital gains even if it is from your old clothes, toys, car, or blender. 

So, any money you earn by selling your personal items will need to be reported on your tax return.

Blog author image

Manuel Quiros

My name is Manny Quiros, I’m a real estate professional in the “Disney Area”, I have lived in this area since 1999 and have called this area my home and place my wife and I to raise our three wo....

Latest Blog Posts

Student Loans Versus Mortgages

According to the Brookings Institute, about 42 million Americans (one in eight) have a student loan, totaling about $1.5 trillion in student loan debt. Only 30 percent of Bachelor’s degree

Read More

Dealing With Foundation Erosion

Erosion can be a big problem for homeowners, even if you don’t live in an area that sees frequent flooding or other causes of large-scale erosion. As soil erodes from around your foundation, it

Read More

Remodeling For High ROI

Remodeling can be serious business, especially if you’ve got several pet projects on your list and a limited budget with which to work. It can be tempting to go straight to the items that you

Read More

7 Great Places To Retire In Florida #Floridarealestate #Floridaliving #centralflorida #sunshinestate #corinnasellscentralflorida #centralfloridarealestate #centralfloridarealtor

Read More