Tuesday 3 April 2012

How to Double Your Money - 3 Criteria Visiting Garage Sales

What if I told you that you can double your money in just two weeks simply going to garage sales? I'm sure you have seen or heard about people making fast fortunes from finding little valuable treasures in garage sales. I am one of those people who, with a little luck and a lot of knowledge, was able to find someone's trash and cash it for double and sometimes triple at the local second-hand dealer or pawn broker. And I did not stop at just one. Just think, if there's one object of value out there in some ordinary family's home that is up for sale in their garage, there are hundreds more just waiting to be discovered and sold for double returns. But wait, don't go around digging through other people's cast offs just yet because 90% of the time, guaranteed, what you will find deserves to be gotten rid of. But it's the other 10% where the magic is.
What exactly are you looking for? What will give you double or triple returns? You need to look for value. The worth of a thing is measured in many ways. There are three criteria that will guide you and help you in your garage sale quest.
1) The first thing that you must determine is the age of the object. Remember, the rule of thumb for value is the older it is, the higher the price you can get for it. It might look dusty and yellow and ready to crumble to pieces, but if it's a part of history-even local history, you can rest assured that it has some value. Why is an older object more valuable? Because people value antiquity.
2) This brings us to our second criteria. Find the story behind your investment. What made it the way it is and how that happened? Where did it come from? Who held it and who were they? What was their significance during those times? Because a story sells the sizzle.
3) The third, but what I consider the most important criteria is the demand. One great way to assess demand is by becoming knowledgeable even to the point of buying antique assessment books. In fact, if you are serious about doing this as a profession, you must do so.
Visiting garage sales is a hit or miss proposition. As stated, 90% of the time, the object is junk. But every now and then, you will find something worth much, much more than what you paid for it.
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