All About Estate Sales
Many people have too many things and gradually they let some of them go in order to make space for new stuff. Usually, they do so by holding garage sales or donating to charitable institutions. Sometimes, it is not about selling off or getting rid of certain things but to let go of a house full of various items at once. It happens usually when some family member dies and so, the entire process can become overwhelming. Therefore, there are the professionals who offer services to help you get through it and organize estate sale to take care of selling efficiently.
An estate sale is similar to auction. Though usually estate sales are held on somebody’s death, they can also become necessary due to long-distance moves, bankruptcy and divorce. Regardless of the reasons, an estate sale can be a great idea to make money or pay off debt. While for shoppers they are simply a great place where they can find antiques and good bargains.
In some places, an estate sale is also called a tag sale. They are different from garage sales because estate sales are carried out by professionals with a goal to sell off entire house’s items. The general public can go inside the house and take a look at all the items in majority of estate sales. The price of each item is usually displayed and items are general open for negotiations.
Wondering how do professionals manage items on sale? Read the following points to develop a clear understanding.
Items For Estate Sales
Each estate sale is different and unique. Usually a great range of items are presented for sale including clothing, furniture, linens, china, silver, appliances and various other household items. There are also some estate sales that include sale of one-of-a-kind and expensive items like art work, antiques and jewelry. Some may even include boats and cars.
Estate sales are commonly carried out by professional estate sale agents or an auctioneer. The agents and auctioneers take a set percentage of total earnings from estate sale as their payment. Such payment usually ranges between 25-30%. The estate sale agents put in a lot of effort in carrying out sale, organizing items, assessing value of each item and making sure that the sale runs smoothly in presence of potential buyers. Agents are also usually responsible for cleaning everything out as the sale ends.
If you have any specialized or expensive items to sell, an agent can be of great help in determining a suitable price. Good agents usually have brokerage sources also. Such people are experts in selling collectibles, fine art, jewelry and other precious items. There is a reason why you should trust your sale managers will the sale as they will try their best to sell every item off in order to increase the value of their share in the sale.
Once you have trusted an estate sale agent for selling off all your stuff you do not even need to worry about publicizing the sale. The managers or agents take care of this. They help your estate sale get attention in the market with the help of newspapers, internet and by putting up signs around the neighborhood.