Cancelling An Estate Sale Contract Can Be Costly For Sellers

Cancelling an estate sale contract can be costly. It isn’t a simple matter of deciding to use another liquidator or do it yourself.

An estate sale contract is an agreement between owners, heirs or an estate attorney and an estate sale company. The estate sale contract details what is required of both parties in the transaction.

When an estate sale company has begun working on a sale they have many costs involved. This includes labor, possibly using dumpsters for trash, advertising, transportation, permits and more. They have given up their business time to conduct your sale while someone else needing an estate sale may have been turned down.

A cancellation clause in a contract protecting the estate sale company has become a necessity almost everywhere today.

This clause details as a seller you will be expected to pay for and how. Many estate liquidators now charge an upfront fee to begin work on your sale. Similar to an attorney’s retainer fee. This money is usually reflected and deducted on the final accounting of the sale.

It is becoming increasingly apparent that many sellers allow estate sale companies to come in sort, clean and prepare for a sale and then cancel leaving estate sale companies out thousands of dollars.

It would not be unusual for an estate sale company to take a seller to small claims court or further depending on the accountable amount of expenses incurred by the estate sale company.

If you have doubts or concerns about using an estate sale company, the time to ask and decide is before you sign the contract. If you want a less expensive company to handle your sale, hire them, not the more expensive one who does the work and then is cancelled.

Estate sale companies support themselves and their staffs. This is “not a hobby”. This is a profession and sellers should recognize this work as such.

If you are thinking of cancelling your estate sale contract, think twice. It could be a costly proposition and stressful experience for you. Estate liquidators work to lessen your stress and help you profit as the market will allow.

Share

Copyright © 2017 Estate Sales News. All rights reserved. No part of this website or any of its contents may be reproduced, copied, modified or adapted, without the prior written consent of the author, unless otherwise indicated for stand-alone materials.