Selling at consignment shops

A well run consignment shop is a thing of beauty. For buyers, it provides the thrill of the hunt and the exhilaration of getting a deal. For sellers, the thrill is making money on things you no longer needed. Do a little research before you consign your goods and you can make those consignment checks bigger.

Like any other retailer, each consignment shop has its own style. Make a list of shops in your area by talking to friends and searching on the internet. A retailer’s website should list consignment policies and give you some idea how they market goods above and beyond their bricks and mortar location. Although a well-designed website does not always guarantee a well-run store, it does show that the owner is a professional who pays attention to detail and appearances.

A store visit is next. While you’re browsing and reminding yourself you’re there to sell, not buy, think about these questions:

  • What’s your first reaction? Is the store appealing from first glimpse?
  • Is the merchandise well displayed?
  • Will the items you’re selling fit in well with the other merchandise?
  • Is the staff friendly and helpful if you ask questions about merchandise? Are they knowledgeable? Or are they overly attentive to the point of annoying or disengaged and unwelcoming?
  • Does the pricing seem fair to both buyer and seller?
  • Are there other customers browsing?
  • If it’s a store that does markdowns after 30 and 60 days, have many items have been there long enough to reach discount dates?

Once you’ve narrowed the list of contenders, it’s time to talk to store management and get explanations of all their policies:

  • How many items can be consigned at one appointment?
  • Do they provide pick-up service and is there a fee?
  • How long is the consignment period?
  • Are there automatic markdowns?
  • Can you reclaim unsold merchandise at the end of the consignment period? Don’t assume this is the case. Some stores require items to be donated and some stipulate that unsold good become property of the store.
  • What is the consignment commission?
  • Are there any other fees?
  • How often are consignment sale checks mailed out?
  • Who sets the prices and how are they set?
  • Do they market merchandise online by posting images on their own website or listing items on Craigslist?
  • Who are their primary customers and what are the best selling categories of items?

If you like what you’ve seen and heard, make a consignment appointment. You may decide to divide your stuff between two or three consignment shops so you can capitalize on each shop’s specialty. Keep a list of what you’ve left at each shop, and make sure the list provided by the store includes matches yours.

At the appointment, be open-minded. But don’t be afraid to decide not to leave things if the price the owner suggests is too low for your liking. Be realistic, your goal is to turn things you aren’t using into cash, but if you’re really disappointed with the pricing for an item or two and the owner isn’t flexible, take them home and think about it. And don’t be surprised if you come away from an appointment with things the shop owner declines. A good shop owner knows her clientele and will only accept those things he or she knows she can sell.

Mark the date your consignment period ends on your calendar. Visit the store shortly before to see how much remains and make an appointment to either pack up unsold merchandise yourself or to have larger pieces picked up by professionals, unless you prefer to donate them. Non-profits will often offer pick up service with enough advance notice.

 

 

 

The Three-Year Rule

It’s a simple rule: if you haven’t touched something in the past three years, you probably don’t need it. Applying the rule makes it easy to spot things you won’t miss once they’re gone, making the job of thinning out clutter easier.

Start where the pickings is likely to be ripe, in the deepest, darkest reaches of your kitchen cabinets. Is that an ice cream maker? And a crepe maker? Oh look, a fondue pot–where did that come from? Apply the rule: have you made ice cream, crepes or fondue in the last three years? If the answer is no, out they go.

Be brave and take on your wardrobe. There’s the paisley jacket that still has tags attached from a boutique that closed eons ago. You’ve never really been a paisley kind of person, but you thought maybe you could become one. You were wrong. Next to the jacket are the pants that don’t fit your thighs properly, the sweater that makes your neck itch and the handbag with a strap that bites into your shoulder, which is why none of them have left your closet in at least three years. Time for them to go.

Where next? The garage, the craft room, the linen closet, the basement—anywhere there’s clutter that bothers you. When you donate, hand down or sell your unwanted things, you win twice. Your have more space in your home for things you really use, and you’ve sent the unwanted things on to new owners who will enjoy them.

To spittoon or not to spittoon

You don’t need a brass spittoon. It’s not valuable, it’s not attractive and you can’t even remember where it came from. There is no logical reason to keep it. But for as long as you’ve lived in your home, that spittoon has been sitting on the fireplace hearth. You can’t let it go.

So don’t. At least don’t right now.

When you’re making hundreds of keep, sell, or donate decisions, there are always things that linger until the end because you’re on the fence about keeping them. Designate a special place to gather those items. If it’s a reasonably collection, rather than force a choice that you might regret later, call a time out. Pack them up so you can make a decision when you’re under less pressure.

Photograph the items and label the box so you don’t forget they exist. When you have time and emotional distance from your transition or estate dispersal, unpack and spend some time with them. You may find that even though you no longer have a hearth, that spittoon is fabulous on your dresser filled with poppies and ferns. Or you may find that it isn’t important after all. What matters is that you gave yourself a chance to think about it.

Downsize, Divide and Concur

If you’re moving to a smaller place, you know you won’t need all of the things in your current home.  Deciding what to bring and sharing what’s left with family and friends can be challenging.  Good communication and  advance planning can help make  that process easier.

Feather your new nest first. Determine what you’ll need at your new home. Make a list of the furniture, household necessities and decorative items that you like best, focusing on things that will provide the most comfort, function and style. Think creatively – an armoire can become a pantry or entertainment center; a kitchen table can be a desk; a trunk can be both an end table and extra storage.

Do the math. Once you have your top picks, it’s time to get out a measuring tape, graph paper and pencils. Work with a floor plan of your new home and the dimensions of your furniture pieces to create a proposed layout. Make the design process as concrete as possible, starting with a scale drawing of the rooms and scale representations of your furniture that can be moved around to try different arrangements. If possible, block out your proposed plan on the floor of your new home using blue painter’s tape. You might find that what looked like plenty of room between the couch and an armchair on a drawing is a tight fit in reality.

A place for everything. After deciding where to put your furniture, turn your attention to closets, kitchen cabinets and drawers, and furniture that provides storage space to determine what you will store where. Here again, be specific. Look at the list of kitchen items you’d like to bring and assign each to a cabinet or drawer. The more detailed and realistic you are in this step, the less likely it is that you’ll wind up either giving away something you wish you hadn’t or struggling to accommodate things you don’t really need or have room for.

Make your mark. Once you’ve finished your planning, mark the things that you’ll be taking with removable adhesive stickers in your favorite color. The stickers will help when it’s time to pack boxes as well as let others know that those items are going with you.

Family and friends come next. There likely will be things that you’d like to hand down to others. Perhaps you’ve already decided who will receive the fine china, the sterling flatware, the mantle clock and the bird’s-eye maple rocker. But, confirm that the recipient will truly appreciate your gift. Your son might have loved the sea as a child, but the schooner model might not fit in with his current passion for minimalist décor.

The most important heirlooms are often the ones rich in sentiment, not cash value. Does someone want the cookie jar more than anything else? Or the angel that tops the Christmas tree? Or the painting of the cabin in the woods? Here again, find out by asking. The answers may both surprise you and trigger some pleasant shared memories.

Set your own rules. There is no one best way to divide things among family members. Even the closest of families can find themselves disagreeing. You know your family dynamics – choose a strategy that will minimize friction, and make sure everyone understands the rules before you start. You might spend time with each child individually, and then make the decisions about who gets what yourself. Or perhaps you’d prefer for your children to negotiate with each other. For some families, it’s a priority to ensure that each sibling receives things of equal value; for others, it’s not. If the best way to maintain family harmony is to have the discussion facilitated by a neutral third party, don’t hesitate to bring one in. Also, consider hiring a professional appraiser if necessary.

Can everyone hear me? Communication is key to keeping discussions productive. Whether the dividing of possessions is taking place in person or over long distances, keep the process as transparent as possible. Make sure everyone involved knows the final outcome of these decisions. To avoid disputes later on, write them down and see to it that everyone involved gets a copy, as does the executor of your estate if you’ve chosen one.

Add background information. When it’s time to hand things down, it’s also the perfect time to provide a written history of special treasures, whether they’re high in monetary or sentimental value. Your notes don’t have to be long and formal; even a few words on an index card will be appreciated by future owners. Your Niagara Falls vase will mean even more to your daughter if she knows that you bought it on your honeymoon.

Making notes is particularly important when it comes to photographs. There’s nothing more frustrating than seeing a parent smiling in a photo from long ago, but having absolutely no idea who they’re with and where they are. Filling in those information gaps can help preserve family memories.

Forward thinking. Take the opportunity to think ahead a generation. If you have grandchildren, chances are that sometime in the future they’ll have their first apartment. Imagine how much they’d enjoy receiving a box packed with a few essentials – a measuring cup, mugs, kitchen utensils, a pair of candlesticks, and, best of all, a note from you.

Outward bound. Now that the discussions and decisions have been completed, it’s time to get things out of your house so you can make forward progress toward your transition. Work with your family or hired helpers to pack stuff up and move it out on a timely basis.

You don’t have to go it alone. A senior move manager can assist you and your family in determining what to bring to your new home and facilitate the process of dividing up no-longer-needed possessions. Having someone who can help you share pictures of belongings with family members all over the country via a digital catalog, as well as with packing and shipping, can make downsizing less stressful and less time-consuming.

De-cluttering: a work in progress

We could all do with a little less.  Weeding out things you  no longer need  is essential if you plan to move into a smaller home,  but it can make life better even if you’re staying right where you are.  Get a start with these tips:

Give yourself time. As we all know, Rome wasn’t built in a day. You’ve spent a lifetime accumulating wonderful things; don’t expect that you can sort through it all in a weekend.

Start small. The cluttered area that vexes you the most is the perfect place to begin. But instead of taking on your entire basement or dining room at once, start with one drawer, one cabinet, one shelf. Breaking de-cluttering into small manageable segments can keep you from giving up in frustration.

Take advantage of momentum. When it comes to clearing clutter, remember that the anticipation is always worse than the reality.  If you’ve broken the job into manageable pieces, you’ll find that each sorting session gets a little easier. Decisions require less thought and you can feel the positive effect of your forward motion.

Keep what matters. Keep for yourself the things that you use frequently, that make you happy and that you cherish most. The items that have the most value for you are not necessarily your most expensive possessions.

Think positive. It’s easy to get bogged down in lamenting the things you’re giving up. Instead, try thinking of it as an editing of your possessions, and focus on the new life that the items you’re gifting, selling or donating will have with new owners who appreciate and use them.

Touch it once. Set up boxes for things to be donated, sold or given to family members. As you sort through items, pack each one carefully so you can just seal the box and send them on their way.

Share it forward. Take advantage of your transition to hand down heirlooms to family and friends. Provide a bridge to future generations by writing down the history of the items. A simple note gives meaning and context to things as elegant as a silver dresser set or quaint as grandmother’s cookie jar.

The price is right. Selling no-longer-needed items is a win-win situation. A happy buyer gets a treasure, and you get a little folding money. Consider a yard sale, an online auction site or a consignment shop. If you have a substantial amount goods that you want to sell, a professional sale organizer can be a great resource. Be sure to ask for and to contact references before signing a contract.

Know what you have. It’s tough to estimate the value of an antique or collectible if you’re not an expert.  A piece of china may be a fine thing to have, but it’s not always a valuable one. Conversely, some novelty items command high prices from collectors.  A little digging around on the internet can turn up good clues about the value of an item. If in doubt, hire a reputable appraiser.

Help others. Items that are no longer needed but still serviceable are welcomed by charities. Keep a list of your donations for tax purposes. Don’t donate things that are broken, stained or torn. Social services organizations work hard enough without having to take extra time to dispose of unusable items.

Don’t go it alone. The old adage that many hands make light work is never truer than when you’re clearing clutter. Having helpers to box items for sale and donation, pack for a move and keep track of what’s going where is invaluable.