Considerations When More Than One Seller Is Involved In An Estate Sale

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Today so many families are downsizing their older parents or in need of liquidating the personal property because of loved ones passing it often involves more than one person or seller. There may be siblings, cousins, or children of the individual/s.

It is not unusual for those in charge of liquidating the contents to have different or opposing opinions on the disposition of the estate.

If it involves people other than a married couple it is usually a wise idea to consult with an attorney to settle any differences and determine who will be responsible for hiring an estate sale company. Having everything decided and signed off legally makes moving forward in the estate sale process easier for all those involved.

Deciding if there are any personal belongings you want to keep should also be done before calling an estate liquidator. This enables the estate sale company to determine whether or not they feel they can achieve your goals. Seeing what’s for sale, the amount to be sold, the condition of the items, etc. is very important to the company.

It is also very important for the success of the sale in general to know which party the estate liquidator will be dealing with. Conducting an estate sale is a big job and if the company only has to correspond with one individual or couple it enables the process to run at a smoother pace.

Once the estate liquidation process begins keeping other sellers involved in the loop should be the responsibility of the primary seller.  It should be stressed that once an estate sale company starts advertising and setting up the sale no items that were to be included should be removed or sold by any of the sellers party.

It is advisable that if the property is to be sold any Realtors involved be informed that if they show the property their clients will have to purchase items through the estate sale company at the time of the sale. Most estate sale contracts will include such a clause if the property is going to be for sale.

When the decision has been made to liquidate personal contents whether downsizing or to settle an estate keeping it as uncomplicated as possible is always the wise choice to follow.

 

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