Averting a Garage Sale Disaster

I have only hosted one garage sale in my life - and it was a bit of a disaster. Yes, we made money but I ended up giving away almost everything we had in the house. I walked through taking old pots and pans out of the cupboards and throwing a tag on them - hoping to get rid of as much accumulated stuff as possible. In the end I probably spent all the money I earned on new items to replace the old ones I had just sold. I had people showing up at 5 a.m. knocking on the door asking when we were going to start.  I under-priced most items and overpriced a few. It didn’t take me long to realize that I was an amateur at all this and we just started giving things away instead of trying to sell them. Well as times get more economically tight, we have talked about pooling together with some friends and having a joint garage sale. I am not sure if I can face another garage disaster, but before venturing into this domain again, I felt the need to look for a “dummies guide” to garage sales. Luckily for me, I just caught a version of this on Good Morning America and am happy to pass the link on. There are some good tips here for averting a garage sale disaster.