… to make you holler. I get paid to ….sell the wild sink…? Wild West World sinks to be exact. Tonight I sold 2 sinks for $50 through Craig’s List. Last spring, I went to an auction and bought 5 wall mounted sinks for $1 each. They had been installed at Wild West World, which was in business for all of about 6 weeks. These things were like new and still had faucets and drains attached. It was an impulse buy and I thought I could flip them quickly. Well, I sold one in the spring for $35 and then had four taking up room in my shop. So, I re-listed them and now have two more to sell. I’ve made $80 so for, so not shabby.
I’m in clean-up mode. I moved here about 18 months ago and started furnishing my house and shop with treasures from auctions, estate sales, garage sales, and Craig’s List. Maximum bang-for-the-buck was always the goal with an eye for the ability to resell for a profit later on as I needed to upgrade. Projects with character that needed some restoring were always fun to buy. I had a big shop to store stuff. I was frugal. I was creative. I could see potential. I had a problem!!! I’m running out of room! I’m not a hoarder. Everything I own is for sell and I won’t have a panic attack if you try to throw away a Sonic cup. That’s proof, right? I just love me the good deal and have figured out some fun tricks along the way.
Auctions are best. You need at least two people interested in an item to get a decent price. Get less than two and it’s bargain time. Auctions are just fun entertainment. Even if you don’t bid, it’s worth attending for the pie. Garage sales and estate sales have a completely different dynamic. Most garage sales are trying to clear out stuff they don’t want. Usually, the best time to go is right when they open to get first pass at what they marked too cheap or right before they are ready to close. At the end, they have that “I don’t want to carry this heavy SOB back into the house” attitude and are usually ready to bargain. Estate sales are different. They are usually run by professionals who have a system: day one – price it high & sell to the collectors who have to have something (Tip: don’t be a collector and don’t ever “need” anything!), day two is markdown day – 25-50% off. They probably make most of their money on day 1 & 2. Day three is liquidation day – 50-75% off with an “I need to get rid of what’s left” attitude. The later it gets in the day, the heavier that stuff starts to look to these exhausted, professional estate sale geriatrics. Bargain time! Craig’s List is a great place to sell. There are pretty decent prices happening there. When you see a great bargain, you better call fast because a bargain doesn’t last on something so accessible.
So, now you can see why there is a problem…it’s just good fun. The problem is I started running out of room and have too many “projects.” I read a blog about a couple who started a quest to sell all of their crap, pay off their debt, buy an RV, and travel the country. Well, I can’t travel the country in an RV, but it did inspire me to start downsizing. I’ve read about people who have reduced their possessions to 100 items. I can’t do that. (start adding up the stuff in one room and you figure out real quick how much crap you have!) Now I’m on a kick to sell stuff I don’t need or fix the “projects” that I have.
I started the sell off with a utility bed trailer that I bought last winter from Craig’s List for $230. I was going to use it for my remodel business, but am not doing that anymore. I listed it for $600 and had someone school me on the fine art of playing hardball. The guy talked me down to $400. I worked hard to get him to pay more, but that guy was tough. In the end, I was happy to make $170 profit on the deal and get it out of my driveway.
On the same day, I went to an estate sale where they had a sweet Craftsman 6″ jointer, priced at $85, marked down from $115. It was near the end of the day. The guy running the sale told me that all the stuff had belonged to his wife’s uncle. He had a shop in the basement. The jointer was a beast that they had to dismantle to carry up the stairs. He even jokingly told me that it doubled as a piece of fitness equipment because it was so heavy. I smelled blood. I offered him $50. He took it and he was glad to have it gone. Now it waits patiently in my garage for a future “project.” The cycle continues.