Your estate and auction questions answered

There is a minimum $5.00 start due to We enforce a $5 minimum price due to standard credit card processing fees. Payment processors like Stripe charge 2.9% plus a 30-cent fixed fee per transaction. Because of this fixed fee, selling items for less than $5 would result in the business losing money on the transaction.

Before selling house contents in Newfoundland, an executor must secure the property, inventory all items, and identify specific bequests. They must also apply for a grant of probate from the Supreme Court of Newfoundland and Labrador and ensure all estate debts and taxes are paid before proceeding.

It feels awkward because we have practically eliminated bartering from our daily lives. Imagine walking into Sobeys and trying to haggle over the price of a loaf of bread, it would be incredibly uncomfortable. Because we don't practice negotiating in normal retail settings, doing it on local classifieds often feels confrontational or frustrating.

One of the most realistic ways to make extra money in Newfoundland is furniture flipping. Because shipping new furniture to the island is expensive, restored solid-wood pieces are in high demand. You can source underpriced vintage furniture through local online estate auctions like EastBid, refinish it, and resell it for a profit.

True passive income is incredibly rare. Making a side income through reselling requires high motivation and a strong work ethic. It involves diligently sourcing deals, researching market values, and marketing items effectively. While it is rarely easy money, those willing to put in the time and effort to learn can turn a solid profit.

Clothing is a depreciating asset. Even popular brands like Lululemon and Aritzia typically resell for, at most, one-third of their original MSRP. To make a profit, you must source items well below this mark, though savvy Newfoundlanders can sometimes find margins by importing refurbished goods to sell locally.

Standard Acoustic Pianos & Home Organs The secondary market for older, non-luxury upright pianos and electronic spinet organs is practically non-existent. These instruments are frequently listed for free on platforms like Craigslist and Facebook Marketplace.