On any given weekend, you may see a variety of signs posted around town.

What Is an Estate Sale?

Estate sale shoppers are often willing to travel to find great deals on rare items like collectibles and antiques.

A father and daughter look at the toys offered at a garage sale put on by a mother and her son who has Down syndrome.

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Probably not as good as youd like.

It always seems like an uphill battle to build (and keep) a decent amount in savings.

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What Is a Garage Sale?

If youve never attended a garage or yard sale, its easy to imagine.

Think of all your unwanted household items.

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Unlike an estate sale, agarage salehas no expectations as to quality.

Here are five ways estate sales and garage sales are unique.

Theyll expect to see items like childrens clothing, books, used toys and knickknacks.

Price Tags Are Higher on Estate Sales

Theres a big pricing difference between estate and garage sales.

Garage sales typically price items at a much lower range than estate sales.

Youll see an old toy for a quarter or a used tumbler for 50 cents.

These two events draw different types of shoppers, Wright said.

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4.

Garage Sales Are Typically Held Outdoors

Unlike garage sales, estate sales typically take place inside the house.

The organizer will fire up the doors and invite potential buyers inside.

As the name implies, a yard or garage sale takes place in either of those two places.

Since these sales are open to anyone who wants to show up, thats an important distinction.

Failure to get a permit, when required, could result in costly fines.

In many cases, there will be regulations regarding the times, places, and size of a sale.

HOAs and some more restrictive municipalities may prohibit private sales altogether.

Here are some tips to make it a success.

Here are some tips to make it a success.

In some areas, youll need to apply for a permit before you have either kind of sale.

The much more important question is what does the HOA allow?

If your community doesnt allow yard or estate sales, you arent necessarily out of luck.

By understanding the difference between both types of sales, you’re able to maximize your results.

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