Estate Sales Costs Evolve Over Time
One of the largest generations in our history, the baby boomer generation, has helped to create a boom in the estate sale industry, changed the way estate sales work, and the costs associated with estate sales.
Ten years ago holding an estate sale you payed a commission to an estate liquidation company or a flat fee and possibly paying an outside source to provide a clean out after the sale. The commission or fee was set by the estate sale company and was the same for almost every sale they conducted.
Not so today. The majority of estate sale companies now carry liability insurance, important for them and sellers. Workman’s compensation is also an expense for hundreds of estate sale companies. Estate sale companies that hold more than one estate sale per week or handle large content sales have had to add staff to handle the volume of sales they are working, advertising has gone from placing an ad in the local paper and hand made signs to marketing with estate sale advertising websites such as EstateSale.com (including featuring large or unusual sales an extra cost. Each estate sale adverting website is different and has varying costs), Facebook (and boosting the post for the sale) professional signage, brochures, memberships in associations, email targeting lists, and clean out costs either by the liquidation company or a company that specializes in clean outs of property.
Many liquidations involving hoarder sales or those with multiple or large collections, or sales where the personal contents require serious cleaning etc. may have an additional charge included their contract to cover additional work required.
A great many estate sale companies have to pay staff even on weeks they are not conducting sales to keep them available and not lose them to another company. Years ago it was a phone call to so and so to say “I have a sale on xxx are you available to work?”.
Estate sales will continue to evolve and so will the costs and the way they are conducted.
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