It’s that time of year again, where the weather gets nicer, the people are out walking the streets, and posts everywhere are littered with signs for garage sales. This can be an exciting time for those who frequent the sellers’ venues every year, and also an exciting time for you if you’ve been planning on having one this year, but of course there are some tidbits of information that you may want to brush up on before you go posting your signs and dreaming of how to spend your soon-to-be riches.
One aspect of a garage sale that a lot of people don’t consider is local city ordinance. This may not be an issue for a majority of garage sales, but there are some areas in the city that have rules about public sales and gatherings, it’s always wise to check with the city hall first to ensure that your garage sale is going to be on the right side of the law, before you wind up with some boys in blue crashing your sale. It’s always better to be safe than sorry, and to know your rights and responsibilities in these areas.
Another thing to keep in mind, and though this may not be an issue for most, is to ensure that you aren’t charging any taxes on anything you sell. There have been a few instances of people thinking this can be an easy way to score a little more money off their sales, without realizing that they’re teetering on the line of the law. Though you do need to report the income of a garage sale, if you tax an item that has already been taxed once, you can find yourself in a bit of hot water.
There are some safety tips to keep in mind as well, such as splitting your money, and making deposits throughout the day either into your home, or preferably into a local bank. There are some unscrupulous people out there, who look at a money box as something easy to grab and run with. You want to ensure that you are making yourself out to be as small a target for theft as possible, in order to avoid any potential losses. This goes as well to ensuring that you at least understand the basics in how to spot counterfeit money.
Clearly marking your prices, and leaving little room for haggle, if that’s something you want to avoid, is a good tactic to employ as well to ensure that you can capitalize on your profits. Garage sales are a great way to get the community together, it’s a means to meet new and interesting people, and perhaps share some stories over your soon-to-be former items. By practicing safety, and looking out for your gain, you are sure to have a fun time, and those who partake in your sale will as well. We wish you all the fortune possible with your endeavor.