August 2, 2005-- Posted at 3:30 PM CDT
Summer is a hot time for yard and garage sales, and for good reason.The Consumer Reports Money Adviser says you can cut clutter and make some cash all at the same time. The newsletter found that the average garage sale can bring in 300 to 400 dollars, and sometimes as much as a thousand dollars or more.
Associate editor Amanda Walker says before you advertise any sale, check to see if your town requires a permit.
Then, choose the date carefully. Check the community calendar in your local paper to see what kinds of events are going on during the weekend you'd like to have your sale. Be sure to schedule it away from a big sports game or other major local event.
Do some research on the Internet to help set prices, but price your items to sell. Prices should be low, but not rock-bottom because many buyers will try to haggle. So, leave yourself some wiggle room.
The Consumer Reports Money Adviser says be sure to mark your items because people hate having to ask, "How much?"