Category Archives: Estate Sale Contracts

Top Questions Sellers Ask About Estate Sales

The top questions sellers ask about estate sales is based on our Google analytics. We offer this review with links to pages on our website to answer some of these questions.

#1 Estate sale contract – what to know and expect. Estate sale contracts.

#2 Downsizing or moving, estate sale or garage sale and what’s the difference.

#3 Estate sale costs. What you need to know.

#4 Selling cars and vehicles at estate sales

#5 Estate sale clean outs – under estate sale contracts.

On this Thursday as estate sales begin for another weekend we hope these top five EstateSalesNews.com topics answer some major questions.

 

International Society Of Appraisers And Estate Sales News

EstateSalesNews.com has been honored by asking to speak at this years International Association of Appraisers conference.

We will be speaking about selling out the house and how to avoid the pitfalls of estate sales.

The conference this year is in Chicago, IL.

We will be addressing that conducting estates sales are a business, not a hobby.

Understanding the estate sale contract.

Why ISA (International Society of Appraisers).

What to do with left overs from estate sales and wearing three hats for one client.

We are excited to have this opportunity to speak about a subject we embrace and encourage and to such a prestigious group as the ISA.

Today is the start of another weekend of estate sales and their are thousands taking place across the country.

Please look at these websites for estate sales in your area.

EstateSale.com

EstateSales.org

EstateSales.net

Updated Checklist For Estate Sale Contracts

Here is an updated checklist for estate sale contracts for estate sale companies and sellers.

We are not an attorney, but these items should be included and understood in the estate sale contract.

The estate sale contract should lay out in clear language.

  • Name of the estate sales company
  • Name of owner/s, heirs, or attorney
  • Date of estate sale contract
  • Address where the sale is to take place
  • Dates the sale is to be held and time
  • Dates the estate sale company will be given access to setup and price
  • Any items excluded from sale on addendum when contract is signed
  • Utilities – electric, plumbing, heating and air conditioning should be working
  • Liability insurance for estate sale company
  • Homeowner must have active homeowner insurance policy
  • Ramifications of removal of items by sellers after contract is signed
  • Fee or commission that will be charged if items removed or sold ahead by seller
  • Cancellation clause of contract
  • Party responsible for advertising and costs
  • Who is responsible for obtaining and paying for any permits required
  • Cost of sale, commission, fee, any additional sale related costs
  • When seller will receive net proceeds and form of payment to be made
  • Will seller receive written account of sold items and what it will or won’t include
  • Who is responsible for the clean out when the estate sale is concluded
  • If estate sale company cleans out any costs associated with clean out
  • Any additional costs for appraisals or specific appraisals
  • **If needed winter expenses and responsibility, i.e. plowing, shoveling, sand etc.

Visit the top of our front page for Choosing An Estate Sale Company.

Estate Sales Help For 2017

EstateSalesNews.com for 2017 has offered estate sales help for almost four years now.

We have covered almost any topic you could think of.

As we enter the winter season for much of the country let’s do a general review.

Sellers – How to choose a estate liquidator, do your own due diligence, what to expect and what not to expect, estate sale contracts. Over 100 topics to think about and consider as a seller.

Buyers- Buyers etiquette, where to find estate sales, how to enter an estate sale.  Having an estate sale kit and what to bring to an estate sale, and how to negotiate to with estate liquidators in an unoffensive and successful way.

Estate sale companies – What to include in an estate sale contract, how to work with sellers that don’t understand the liquidation process. Where to advertise your estate sales. Using social media to be found and get your message out. Working and networking with other liquidators and appraisers. Where to list your estate sales. Working with a website.

We have also covered estate sales of the rich and famous.

All this information is in our archives along with videos and is free to assist you.

Our goal is and has been to educate and inform you without cost and provide answers and solutions. Liquidating personal property is a stressful experience whether you are downsizing or selling off a loved ones belongings.

Estate sale companies wear many hats and the experienced companies that have great reputations understand what is required for success for all parties.

We hope that as the number one internet source for estate sale information we provide you with the estate sale help you need. We no longer liquidate estates, but we use our twenty plus years of experience to hopefully guide you in the liquidation process.

We welcome your thoughts, comments and suggestions. Please email us at carol@estatesalesnews.com. We will respond as soon as possible.

 

A New Challenge For Estate Sale Companies In 2017

2017 is ushering in new challenges for estate sale companies.

New liquidation firms (auction houses) in particular are expanding to meet the constantly changing requirements of liquidating personal property.

Many auction companies have been servicing the public selling their personal property, however, bigger auction houses are now becoming engaged with liquidating personal property that they otherwise would not auction off.

Once again the term vetted is being used, but the question is who sets the vetting requirements and standards? With no national requirements it is important that sellers ask in depth how a company determines what vetting requirements they have and how they arrived at them.

Many associations require specific requirements from their members, however, this is not a national or state regulation. USPAP – used in appraisal (mainly real estate, but also for appraisers of personal property) is one of the few regulated requirements.  Please see the USPAP article in our archives by Judy Martin, ISA, CAPP. Just type in USPAP in the search area on the left side of the front page.

Estate sale companies are challenged by these new firms entering the market place. Established estate liquidators have a working knowledge of personal property and the many needs for a successful sale. Auction companies that also sell personal property on a regular basis also understand what is required for them to succeed.

Sellers as recommended several times here on EstateSalesNews.com be sure you do your own due diligence. Take responsibility before you sign a contract with a company that you are satisfied you have asked all the appropriate questions and feel trust and confidence in the liquidator you are hiring. It’s your financial bottom line.

Estate Sale Experience Counts For Educational Information

Estate sale experience counts for education information.

Whether you are writing a blog or a newspaper article, providing information on estate sales from sources with estate sale experience is essential.

This also applies to estate sale advertising websites that offer tips or help and those that hire bloggers to write for them. Actual life experience as an estate sale liquidator is invaluable.

The more popular estate sales become, the more bloggers, reporters and other websites try to provide informative estate sale information to help them financially and increase their website ranking.

What is required to make the information useful and assist perspective sellers. Have you conducted an estate sale or been part of the estate liquidation business for some time?

Nothing can replace experience in the estate sale industry. Understanding the contents and requirements that should be included in estate sale contracts, what to look for and expect from an estate sale company are important to your financial bottom line.

Sellers need to understand how estate sales work. Knowledge about estate sale company advertising, security, entrance control and pricing. They also need to understand what to expect at the end of the sale including receiving their net proceeds. That will depend on what forms of payments estate sale companies accept.

There are a lot of articles that have been written about estate sales, but before you make any decisions based on these articles, ask yourself if there is any authentic estate sale experience by the author or company providing them.

Become a knowledgeable consumer and choose the information you use wisely. Your results will depend on what you know and understand.

Estate Sale Commission Last Consideration!

The estate sale commission is your last consideration and here is why.

So many estate sale companies have come on line in the last three plus years competition has become fierce. Many new companies try to compete with a lower commission.

When looking to hire an estate sale company, the estate sale commission should not be what influences your decision. Consider the following before you even ask about the commission.

How long has the company been in business? How did the liquidator gain knowledge and experience to sell personal property contents?

Ask about the estate sale company staff and if they have experience.

Advertising is so important with so many estate sales. Ask where and how they advertise. Do they have a private email list of customers that they send to each week?

How do they conduct their set-up and staging.

Do they research for pricing and where do they look for information. eBay should not be the only answer. Experienced estate liquidators know where to research.

Why Learn About Estates?

Why learn about estate sales? If you are a baby boomer or an heir settling an estate you want to understand the liquidation process and hire the right estate sale company for your needs.

A liquidator with 20 plus years in the estate liquidation business conducting estate and moving sales as the editor of EstateSalesNews.com I learned by hands on experience. Experience working estate sales is the best teacher of knowledge and handling a variety of situations.

Estate sale advertising listing websites are able to put you in contact with estate sale companies in your area.

Experience and knowledge about estate sales is done by actually working at estate sales.

Estate Liquidators Wear Many Hats With Expertise

Estate liquidators wears many hats with expertise in a variety of fields associated with the liquidation of personal property.

Personal property liquidators are individuals earning a living as entrepreneurs. They do not work a five day a week job from 9-5. Estate liquidators require time management ability, motivation, dedication, knowledge, marketing skills, and more. They must determine their schedule, time, and requirements for each estate sale.

An estate sale liquidator must know and understand what the estate sale process is. Liquidators need knowledge in selling personal property. Estate sale company owners will work endless long hours and weekends. Often with no days off for weeks at a time.

Estate liquidators need to be a business person, salesperson, and negotiator. Liquidators have to be able to handle any situations that arise during the sale.

Exciting Estate Sales Coming Soon

Exciting estate sales will start taking place after this 4th of July weekend.

One of the estate liquidations will be the third week of July in Newton, Massachusetts by Trilogy Estate Sales of a famous chef. This estate sale made in the Boston Globe.

EstateSalesNews.com is taking a long weekend starting today to celebrate our Independence day with family and friends.

We will return Tuesday, July 5th. Until then we would like to offer you the following links to our archives to answer and help with questions you may have.

Estate Sale Contracts

Estate Sale Costs

Estate Sale Cleanouts

Hiring An Estate Sale Company

700 plus articles are available to you 24/7 and we encourage you to utilize them to provide estate sales information, tips, and news.

Have a happy and safe Independence Day. We thank all those who have and continue to keep us safe and free. EstateSalesNews.com loves the USA.