Items to Look for When Shopping at Yard Sales
Not every item that you come across at a yard sale is going to be worth buying. On the contrary, you may only find a handful of items that can be resold for a profit. But those few items can yield huge profits if you play your cards right. So, which items should you look for when shopping at yard sales and garage sales?
Autographed Sports Memorabilia
Baseballs, basketballs, footballs and other sports equipment typically won't fetch a high selling price, not unless it has been autographed. If you come across any sports memorabilia that has been autographed, perform a quick Internet search on your smartphone to see how much similar items are selling for. Using this information, you can make smarter decisions regarding how much you are willing to buy the item for.
You need to use caution when buying jewelry at yard sales, simply because many of the items for sale cannot be easily resold. But you can rest assured knowing that rings, necklaces, earrings and other jewelry made of gold (yellow or white) are definitely worth buying. Some companies will pay top dollar for gold jewelry just to melt it down and harvest the precious metal. Look for markings on the jewelry to determine whether or not it is made of genuine gold.
No, that's not a typo. Kids' toys are always in high demand, but there's one toy that's constantly being sought after: Legos. These fun-sized building blocks allow children to create their own structures using nothing more than their imagination. And best of all, you can often buy them for a fraction of their original cost at yard sales and garage sales. So if you happen to come across a lot of Legos for sale, consider buying and reselling them.
Granted, furniture can be large and difficult to move, but it can also provide a lucrative source of income if you know what to look for. Avoid furniture that has been made with particle board and other cheap materials and/or manufacturing processes, and instead stick with vintage, high-quality pieces. Genuine solid hardwood furniture can fetch a pretty penny when resold to the right buyer. It's not uncommon for some vintage furniture to sell for $500 or more, while the original owner may sell the unit for just $100 or $200 -- that's a $300+ profit! If you plan on buying furniture at a yard sale, though, remember to bring an extra set of hands to help load and unload it.