Category Archives: Estate Sale Contracts

Trending in estate sales – multiple estates & seeding a sale

trendsTracking sales across the country some new trends and some old are emerging.

In many states where the estate sale has very large collections that cannot be displayed properly for an effective sale in the residence (or in some cases the owner/heir does not wish to have their residence used for an on site sale) professional estate sales companies are relocating the collections to large open rooms (similar to what an auctioneer would use) to stage the quantity of items to be sold. If you have such a collection or collections, you should inquire on the interview if the estate sales company performs such a service and what it will cost you. It would be unusual for a professional liquidator to absorb the cost of the move. It is usually preferable to most estate sales companies to conduct the sale on site, however, not only can large collections present a challenge, but so can some gated communities where they will not allow an estate sale on site.

Another trend that for years has been little spoken about is what is referred to as seeding a sale. Sometimes when a sale does not have enough items to draw significant public attention some estate liquidators will bring in items from other small sales or if they also sell retail they may bring in merchandise of their own. If your contents are limited, be sure to ask during the interview whether the estate sale company will want to  seed the sale, where the items are from, and how they will be tagged  to differentiate their merchandise from your items. Accurate recording of items sold from others is needed to ensure all monies are distributed appropriately.