Wednesday, October 15, 2014

Estate Sale Day 3 - A Little Faith Restored

Sunday was the last day of our estate sale. We decided to do something we found fairly common in the estate sale business, we made Sunday a half-price day.  Most items, there were a very few exceptions that were specially marked, were half off the marked price. This doesn't necessarily get you a lot of cash per item, but it does help move a lot of stuff out the door that wasn't moving at the marked least that was the theory.

I think we were finally getting the hang of running the sale as it was our smoothest opening of the three days.  Signs were all out well before the start of the sale (we retrieved signs each night since there are people that will deface or remove signs...calling them street spam...and we didn't want to spend more money to replace the signs), we had time to walk the house and make sure everything was in order, and get an OK from everyone that we were ready to open. It also seemed like there wasn't quite as big of a rush on the Sunday and that helped.

Overall, I don't think it was as busy all day, but we still had good traffic (better than our typical garage sale).  One thing happened that day that helped restore a bit of faith in my fellow man.  A lady had come in on Friday and purchased a jewelry box.  She came back on Sunday to return all the jewelry that was apparently in the box.  She said the jewelry looked like family heirlooms and wanted to make sure we got it back.  Most of it didn't have sentimental value, but was real gold and silver and we appreciated getting it back.  We gave her one of the pieces as well as a stuffed animal one of her children liked as reward for her honesty and integrity.

While we didn't get rid of as much stuff as we would have liked (much of the nicer furniture remains), I think we did all right. If you recall, the estate sale companies thought we would gross between $7000 and $8000 leaving our cut at about $4500. The first day of the sale we made over $5000, the second and third days were a bit over and a bit under $1000 respectively. This put us right at what the companies thought we would get without taking the 40% loss and we still have a few big items to sell.

Would I do it again...well...that is still a good question and I don't know if I would.  But the past couple days we have spent a couple thousand dollars on the boat so it is nice having that extra money...but that is the subject for a couple other posts.

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