Estate Sales Are Not Garage or Yard Sales – Know The Difference

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There are so many sales going on this July. It may be record breaking. Understanding about a garage and/or yard sale and estate sale is paramount if you are planning on buying at anyone of the three.

Garage sales and yard sales are typically run by the owners of the items they want to sell. The majority of people are simply looking to rid themselves of unwanted or older items that may or may not be wanted or working. Most owners price to sell in one day and will be willing to negotiate immediately. There are specific sites that list garage/yard sales. The owners are not usually knowledgeable about prices and items so you may find an occasional treasure. Their concern is to clear the stuff out.

An estate sale, however, is quite different. The conductors are almost always professional estate liquidators with knowledge, experience, and the ability to market, stage, research (if necessary), and price the items. They are usually conducted for two to four days although more estate sale companies are selling for at least three days. The majority provide signs to let you know the terms and rules of the sale. It is a mistake to walk into a professionally run estate sale and expect a discount on day one. The estate sale company is working for a seller who chose them and they have a fiduciary relationship with the sellers. They have priced the items based on current market trends and conditions.

When attending an estate sale look for signs that explain their policies. Listen carefully to announcements before the door opens for the first time if you are waiting in line. If you have a question about an estate sale email or call the company if they indicate on their website or the website with the estate sale listed on it if they will communicate with you.

Yard sales and garage sales are run by amateurs and are clean outs. An estate sale is very different and knowing the difference can affect your success.

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