{"id":1116024,"date":"2019-05-14T17:21:59","date_gmt":"2019-05-14T17:21:59","guid":{"rendered":"https:\/\/dailyreckoning.com\/?p=107373"},"modified":"2019-05-14T17:21:59","modified_gmt":"2019-05-14T17:21:59","slug":"a-hidden-gold-mine-for-finding-high-quality-goods","status":"publish","type":"post","link":"https:\/\/juniorminingnews.com\/?p=1116024","title":{"rendered":"A Hidden Gold Mine for Finding High Quality Goods"},"content":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/a-hidden-gold-mine-for-finding-high-quality-goods\/\">A Hidden Gold Mine for Finding High Quality Goods<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p class=\"p1\"><span class=\"s1\">Estate sales can be gold mines if you\u2019re looking to buy classic, high-quality goods for a fair price. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">I\u2019ve found everything from furniture and light fixtures to clothing and jewelry at estate sales. The items aren\u2019t typically the trendiest, but they\u2019re almost always good quality pieces that have stood the test of time and still have lots of life left in them.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If you\u2019ve never been to an estate sale before there are a bunch of dos and don&#8217;ts which I\u2019ll cover today. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">For starters, don\u2019t call it a garage sale. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Most estate sales are professionally run affairs and held when a homeowner passes away or moves to an assisted-living facility. You will find the occasional family-run sale, which tend to offer better bargains since there\u2019s typically more room to negotiate. Keep these on your radar. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">But the main difference between an estate sale and garage sale is an estate sale, everything \u2014<span class=\"Apple-converted-space\">\u00a0 <\/span>I repeat \u2014 everything is for sale \u2014 appliances, fixtures, window treatments, and anything else you find on the property. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">As for the dos, do go early because you want to be in the first group that walks through the house, and do haggle, but don\u2019t expect deep discounts until later in the day or on the last day. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>A Few Other Dos and Don\u2019ts Include:<\/b><\/span><\/h2>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do ask about payment terms<\/b> before committing to a large purchase. Some estate sale companies take credit cards, but others are cash-only. Find out beforehand what kind of payment methods you can use.\u00a0<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do ask about pick-up policies<\/b>. Most sales will let you come back for large pieces like furniture on the same or next day, but always check before handing over any money that you can meet their expectations with pick up. <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Don\u2019t bring a big purse or tote bag<\/b>. Organizers want to limit any chances of shoppers stealing small items from rooms. Because you have access to the entire house, unless the staff is large, it\u2019s almost impossible to guard every sale item. Don\u2019t be offended if you\u2019re asked to leave your bag in the car.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Don\u2019t expect help loading your purchases<\/b>. Some estate sale organizers will have staff dedicated to helping lift heavy pieces, usually for a fee, but it\u2019s best to bring your own muscle since there\u2019s no guarantee. <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do sniff upholstered items buying them<\/b>. If you walk into a house and scented candles are burning, there\u2019s a good chance the organizers are trying to cover up a smell. Be wary of fabric pieces. If you\u2019re looking at an upholstered piece of furniture, consider the cost of stripping it to the frame and reupholstering before you buy. <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do ask about window treatments<\/b>, including hardware, lighting, and other fixed objects, even if there\u2019s no visible price. A lot of houses being sold after an estate sale need to be stripped bare. You can sometimes nab good deals on overlooked items like potted plants, light fixtures, and kitchen appliances. <\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do ask if there are sale items in the garage<\/b>, backyard, or in outbuildings. These areas are easy to miss because you\u2019re concentrating on shopping inside the house.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Don\u2019t feel weird about wandering through the house<\/b>, including areas you wouldn\u2019t normally snoop through, like bathrooms, basements, and closets. When you\u2019re liquidating an entire estate, you usually can\u2019t fit everything in the front room. If a room or door is off limits, organizers will mark it with crime-scene type tape or a sign.<\/span><\/li>\n<\/ul>\n<ul class=\"ul1\">\n<li class=\"li1\"><span class=\"s1\"><b>Do check the estate sale company&#8217;s website<\/b> for professionally managed sales. A lot of companies list the best merchandise online a week before the sale, and some will include photos.<\/span><\/li>\n<\/ul>\n<p class=\"p1\"><span class=\"s1\">Now that you know what to do and what not to do, let\u2019s home in on what items you should look for when you\u2019re at an estate sale. I might be biased but these are some of the pieces I watch for because they typically offer the best value for money. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Furniture <\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">If you&#8217;re looking to furnish your home on a budget, estate sales are great places to start. I\u2019ve furnished a few rooms in our house with pieces picked up at estate sales. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">When shopping for furniture, look for quality solid-wood pieces. You&#8217;ll pay a fraction of what you&#8217;d spend on a comparable new piece. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">I\u2019ve seen mahogany five-drawer vanities with mirrors and a bench selling for $25 on EstateSales.org. If you were to buy a similar piece brand new, you\u2019re looking at over $300. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Tools<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Tools are usually hot-ticket items at estate sales. Look for vintage tools like a Millers Falls eggbeater hand drill from the early 1900s or a Sears Craftsman table saw from the 1970s. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Despite their age, high-quality tools like these should still be in working condition. And with a bit of elbow grease, you can have them looking like new again.<\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Designer Clothes<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">For mid-tier designer brands, like Coach and Tory Burch, expect to save up to 50% percent off the original price. When you come across top-tier brands like Louis Vuitton and Chanel, expect deals north of 30% retail. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Note: beware of fake and knock-offs, familiarize yourself with designer brand\u2019s signature details \u2014 like the type of stitching used in handbags, logo positioning, etc. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Vintage Home Decor <\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">If your wife is into decorating like mine, estate sales are ripe with unique home furnishings at low prices. You can find all sorts of one-of-a-kind vintage goods, like old-fashioned typewriters, phonographs, and hand-drawn maps that can be framed.<\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">If you want to add some character to your home, estate sales are great places to find unique pieces on a budget. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Art<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">We&#8217;ve all heard the stories of people walking away from estate sales with painting for pennies that end up being worth thousands \u2014 or even millions. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Let me shatter this fantasy for you: those are extremely rare cases. But that doesn\u2019t mean buying fine art at an estate sale is a bad idea. In fact, you can still find some original paintings and quality reproduction prints for a fraction of what you\u2019d pay in a gallery. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Don\u2019t just look at paintings either, look for sculptures, stained glass and wood carvings. <\/span><\/p>\n<h2 class=\"p3\"><span class=\"s1\"><b>Final Word<\/b><\/span><\/h2>\n<p class=\"p1\"><span class=\"s1\">Estate sales are hidden gold mines for forgotten junk. If you\u2019re value-minded and up for the task, it\u2019s worth waking up early to spend a few Saturdays hunting down deals. <\/span><\/p>\n<p class=\"p1\"><span class=\"s1\">Start by looking for estate sales near you on Craigslist and EstateSale.org.<\/span><\/p>\n<p>To a richer life,<\/p>\n<p><img decoding=\"async\" class=\"align-none\" src=\"https:\/\/duip7hn7nchpo.cloudfront.net\/signature-nilus-mattive.png\" alt=\"Nilus Mattive\" \/><\/p>\n<p>\u2014 Nilus Mattive<br \/>\nEditor, <i>The Rich Life Roadmap<\/i><\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/a-hidden-gold-mine-for-finding-high-quality-goods\/\">A Hidden Gold Mine for Finding High Quality Goods<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/a-hidden-gold-mine-for-finding-high-quality-goods\/\">A Hidden Gold Mine for Finding High Quality Goods<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n<p>If you&rsquo;ve never been to an estate sale before there are a bunch of dos and don&#8217;ts which I&rsquo;ll cover today&hellip;<\/p>\n<p>The post <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/a-hidden-gold-mine-for-finding-high-quality-goods\/\">A Hidden Gold Mine for Finding High Quality Goods<\/a> appeared first on <a rel=\"nofollow\" href=\"https:\/\/dailyreckoning.com\/\">Daily Reckoning<\/a>.<\/p>\n","protected":false},"author":55,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center 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