Showing posts with label Negotiating at Estate sales and House Sales. Show all posts
Showing posts with label Negotiating at Estate sales and House Sales. Show all posts

Saturday, July 26, 2008

Garage Sale Adventures

I found this Yellow Ware Bowl stashed under a table at a garage sale. It's now available at 31 Marketplace.


You don't find the pot at the end of the rainbow every day, but you can still find some sunshine. This happened to me today. Still missing my little dog, I was struggling to get moving yesterday. Thankfully, 31 Club Member, Marsha, called me about noon and asked if I’d like to go with her to a few garage sales. I knew I had to get out of the house and helping Marsha would fill me with good cheer, so off I went.

At the first sale, It didn't take us long to realize that the sale had items from an emptied booth from an antique mall. The owner didn’t even bother to take her sale labels off the items. We looked and came away with a piece of Griswold cast iron for $5 that should bring $15-$20; nothing to write home about. But there was an Ironstone platter I wanted to get home and check out. It was very large for a platter and extremely heavy. After checking prices at home, today I’m asking Marsha to go back to the sale and buy it. The price was $100, and I feel sure no one will have purchased it at the asking price. If I’m right, we may even buy it for less than $100. I figure that it’s worth $400-$500.

The next sale was very interesting. The lady had some very unusually cat items which included jewelry, change purses and even a Garfield the Cat telephone. We were able to pick these pieces up for under a dollar each, and I figure they will bring at least $5 each, if not more so, we just added another $25 or $30 to our profits to fund other purchases. But, we weren't though with this sale yet. I spotted a great print from the Napa Valley. The asking price was $20, so we passed on it and headed out toward the car. One of the assistants was following us, and I was telling her about the 31 Club. Before we reached the street, I mentioned that there was a print we would buy for $10, but we didn't know the artist. “I’ll take that,” she quickly said. No, we didn't know who the artist was, but because they had bought it in the Napa Valley and were told it was a local artist, someone will know. So in our listing, we’ll just describe it as a local Napa Valley artist. It’s quite large and very well done, so I have no doubts it will bring $150.

At this point I knew that I needed to get back to work, but on our way back, we saw an estate sale sign that just pulled us like a magnet. I immediately recognized one of the gentlemen conducting the sale, so we talked awhile, then Marsha and I began browsing the sale. There were about 10 Royal Doulton mugs and a small figurine, so I asked what they would take for all of them. They wanted $130 which wasn’t bad. I offered $80, but they wouldn’t take it. It was late in the day, and I knew all the dealers who planned on coming to the sale had already been there. I also knew that this sales house reduces everything by half the second day, so we decided to take a chance they would be there tomorrow.

If these Doulton items are purchased, there will be at least $150 profit there. So, no real treasures on this day, but how did we do? We weren't looking for $5 items, but that was all there was to be found. When I total our future profit if the platter and Doulton are purchased, and we don't yet know what we may find tomorrow, there should be at least $625 profit, which isn't bad for a day.

Remember that poem from yesterday’s blog? Don’t Quit! The pot of gold is just around the corner when you persevere.

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Wednesday, May 21, 2008

Negotiating Your Best Deal on Leftover Estate Sale, House Sale, and Auction Items


What's your next move if there are items you want to buy at a house or garage sale, but prices are firm and more than you want to pay?

Do you walk away in search of greener pastures? Absolutely not.
You make a lower offer and see if it’s accepted. What’s the worst that can happen? Someone might say “no”?

Do you just pay the asking price? Of course not. That’s breaking all our established rules for success, as well as a guarantee failure will soon be your partner.

Yesterday, a 31 Club Member called me facing these choices. He had been at a house sale and found many upper end items the first day of a sale, but prices were firm that day. A 24” x 36” pastoral painting interested him, but he could only describe some of the things I would need to know if I was going to make a phone assessment of the piece. Since prices were firm, I advised him to return to the sale the next day, bringing his camera along. So, back to the sale he went the next day.

Oh, Boy! It’s Leftover Time. Leftover Estate Sale Items Can Be Your Ticket to Success.

Hooray! The painting was still there, and its price had been reduced from $400 to $200. He shot some photos of it, and sent them to me via e-mail. I looked at those pictures, and I realized he had found a treasure. In fact, I had just sold a much smaller painting similar in subject matter to this one; cattle and a stream backed up by beautiful mountains. And, his painting appeared to be better quality than mine, and it was twice the size. Who knows what this might bring in? My painting brought in $2,600 in an Evansville, Indiana sale.

After I looked at these pictures, I got him back on the phone and asked to speak to the lady conducting the sale. We had some light conversation, and then I asked if she could possibly take $100 for the painting. She agreed! No other takers were waiting in line for this piece, and the sale was ending. The company had done the best they could do, and $100 was their best offer. End of story. Or, is it?

31 Club Free Mentoring and The Associates Program is Worth Countless Bucks in Your Pocket.

Along with my offer of $100, I asked if there were other items not sold. And there were many. In fact, several paintings were left behind; their signatures impossible to read. That is – impossible to read for the person who’d not seen these signatures before. Remember, Knowledge is King, and that where 31 Club comes in. You see, tomorrow, our member is returning to photograph and e-mail me photos of the leftover items.

Depending upon what’s leftover, we’ll make an offer at a price we like. Although this member might not have the funds to purchase all the leftover items we like, the 31 Club Associates Program will buy those items that are beyond his budget, handle the sale, and share a good percentage of the profit with him. It’s a win-win deal for both of us, and we’ll make it possible for the sales agent to close the sale without having any leftover items in inventory to dispose of. That's win-win-win. The sales conductor will be quite happy, and there could be a few great treasures in there for us. The Associates Program is available to 31 Club Members only, so join today, if you’ve been sitting on the fence.

A Rejection is Just a Problem You Haven’t Found a Solution For.

I ask all 31 Club members to think outside the box. You’ll discover that situations aren’t as they first seem to be, and with a little creativity, you can turn this to your advantage. Countless times, I made offers on items that were rejected, but I continued to shop the sale and found other things to my liking. Before settling up, I’d go back to the items whose offers were rejected and ask, “Why don’t you throw that piece in for what I offered because of the amount of money I’m spending with you.” Very simple, and it almost always works.


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