Differences You Should Know Between Estate Sales & Yard Sales

Sunday was the first official day of Spring and that heralds the start of yard and garage sale season, but they are not estate sales. Occasionally when a family divides up the remainder of an estate there may be some leftovers and this is what you may find included in a garage or yard sale, but these aren’t estate sales.

An estate sale will be run by a professional estate liquidator who has gained education and hands on experience, along with possibly an education from some of the liquidation courses offered by various associations and societies.

Estate Sale signAn estate sale company has a professionally trained staff. They are well versed in marketing strategies to optimize the exposure of your estate sale, they know how to stage or set-up your sale, conduct research, arrive at current market pricing for the contents in your sale and the understand the very important need for security crowd control.

An experienced estate sale company will provide you with a contract detailing what they will do and when including paying out net proceeds and they should also provide liability insurance that covers them.

Whether you are having an estate sale, yard sale, or garage sale, you should have a homeowner insurance policy that is in effect. Protecting your assets is important for all venues.

Estate sale companies should know whether your community requires a permit and most will arrange for one (although it is usually at the sellers expense). They will also know the municipality laws about signage and follow accordingly.

Garage sales and yard sales are usually not priced by professionals and most have very cheap prices. Unlike estate sales they usually last only one day so selling as much as possible is the goal. Estate sales can last from a partial one day to two to four days.

When you are ready to sell the personal contents whatever it includes, call an estate liquidator and find out if you have enough for a professionally conducted estate sale.