Category Archives: Estate Sales Help & Tips

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.

Finding And Hiring An Estate Sale Company

Finding and hiring an estate sale company is becoming more involved as the number of estate sale companies continue to grow.

To find companies you can ask your attorney, ask your Realtor, look on estate sale company listing websites and look at estate sale companies who have memberships with estate sale associations and societies.

If you are asking a Realtor and they give you a recommendation ask them if they have any type of working relationship with them. Do they receive a referral fee? Your best interest is served when a real estate company refers you simply because they are familiar with your work and ethics and believe you can best handle the job for their clients.

If you are looking on estate sale listing websites, remember all these sites are paid by the companies on them and in most instances the listing company will provide several names of companies listed with them in your area. They do not have personal or direct knowledge of these companies.

Your attorney may be able to provide a recommendation based on previous experience with a liquidation company.

When you are trying to find an estate sale company, be sure to check for reviews online as well. Toss out the frivolous or silly ones (there are many of those) and be concerned with those who truly question business practices. If you are still interested in the estate sale company speak with them. Ask them about the review and what their side was.

Using several sources and your own research is the best way to find and hire an estate sale company.

 

Estate Sale Companies Use Research And Knowledge To Price

Estate sale companies use research and knowledge to price your estate sale items. It is amazing what is found in estate sales that require research and where and how to conduct that research.

An experienced and knowledgeable estate liquidator friend recently shared information about luggage labels and baggage tags that have become collectible. The take away is knowing where and how to research these collectibles.

 

 

 

 

 

 

Gaining knowledge and more importantly knowing how to research items is important to both estate sale companies and sellers.

The experienced estate liquidator will conduct research by book, computer, auction catalogue results and networking with other estate sale companies. They will also consult with certified appraisers. Many estate sale companies keep an appraiser on retainer. Especially a CAPP (Certified Appraiser Personal Property).

Having the knowledge to know where and how to research is an important reason for hiring a professional estate sale company. The average seller just isn’t equipped with the knowledge or know how to properly price and advertise their sales. Many times money is lost because of lack of experience or where to research. It’s more than just eBay.

When choosing the right company to conduct your estate liquidation or downsizing sale ask about their experience and how they research. It’s your $$$$ that are at stake.

Choose An Estate Sale Company By Reputation Not %

Today there are more than 15,000 estate sale companies working across America. Choosing an estate sale company should be about experience, reputation, reliability and integrity. The very last consideration should be commission or a fee.

Speaking with an estate sale company, asking to see referrals and conversing with them, reviewing their experience.

Seek out reviews on the internet and don’t hesitate to ask the estate liquidator about the reviews, especially those in question.

So many companies have come on line that it is now more important than ever to ask about their experience in the business, how they got into the business and why estate liquidations.

The very last question should be about commission and in the end this is not that important. If an estate sale company does a poor job a low commission won’t help you.

Like any other specialist, estate liquidators consider all their costs, plus the profit they need to make their living and the commission is usually based on that.

When choosing an estate sale company, choose by previous results with others, not what they want you to pay and make sure you sign an estate sale contract that covers everything. Success doesn’t just happened, it is earned and comes from knowledge. Be a savy consumer and choose wisely.

Removing Hazardous Waste Items From Estate Sales

Removing hazardous waste items from estate sales is important and necessary with estate sales.

Hazardous waste items include leftover paint cans, chemicals, pesticides, motor oil, old television tubes and other items which require special handling and can not be put in a trash dumpster.

Sellers, if you are not taking these items with you, discard of them properly or ask the estate liquidator what they will charge to eliminate them.

Disposing of what is considered hazardous waste today is not an inexpensive process and most estate sale companies will now include a clause in their contract that deals with who will and the cost of hazardous waste disposal.

Matters that use to be so simple to deal with our now becoming more important and most times more difficult. As the result, many estate sale companies are adding to their contracts to cover these situations and prevent misunderstandings.

We would like to take this time to discuss the weather across the nation right now. In most areas of the United States severe rain, heavy snow falls, high winds, and in some cases tornadoes. Estate sale companies are constantly monitoring these situations.

We urge estate sale buyers to exercise caution attending sales and stay alert to weather conditions and estate sale company postings.

Be sure to check these estate sale listing websites for updates on estate sales in your area.

Estatesale.com

EstateSales.org

EstateSales.net

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.

 

Mid Century Modern Estate Sale In CA By Crown City Estate Sales

Mid Century Modern is very popular. You may not see it on many of the reality TV shows now on HGTV, but buyers do. They even seek out mid century modern homes.

Crown City Estate Sales that serves Los Angeles and Orange County California has some wonderful Mid Century Modern pieces at an estate sale in Northridge, CA starting on January 14th. Here are a few photos and we have a link below to the sale.

 

 

 

 

 

 

 

 

 

 

 

 

Click here for a link to this Mid Century Modern estate sale.

 

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.

2017 Welcomes New Estate Sales

2017 has arrived and with it more estate sales.

The weather is the concern for most estate liquidators in winter. The southern states rarely have concerns, but states like Michigan, Ohio, Minnesota and winter weather states plan accordingly.

These plans usually include alternate dates, who’s in charge of plowing the driveway and salting the sidewalks and parking restrictions.

Northern estate sale companies have a lot to consider when scheduling winter estate sales.

Our southern states and southwest estate liquidators are more fortunate.

Wherever you live please check with the estate sale listing websites to learn what contingency plans are available.

EstateSale.com

EstateSales.net

EstateSales.org

This year will see changes and additions to the estate liquidation business.

Many estate sale companies took time off over the holidays to rest their staff and themselves.

EstateSalesNews.com will be reporting on what’s new, important, affects buyers, sellers and estate sale companies.

From EstateSalesNews.com we welcome you all to the new estate sale season. Hello 2017.

 

Avoid The Hassle Of Retail Shopping With Estate Sales

Recently as I have traveled, so many people have chatted about how the holidays stressed them out shopping in a retail store with lines, coupons, and all the craziness that goes with it.

Every opportunity I have had I suggest shopping at an estate sale. Explaining that you not only save dollars. You avoid coupons, check out lines with often grumpy check out clerks exhausted by long hours and low pay.

Estate sale staff choose to work long and hard, enjoy serving customers and they want you to leave happy so you’ll keep shopping at their estate sales.

Estate sale companies are charged with selling the items in their locations. They can’t afford keeping stock. Their business is to sell and over a period of days sell off as much as possible. Some choose by discounting and others by looking at offers. Keep in mind this is not usually the practice on the first day, but on the days that follow.

From holiday decorations for Hannukah or Christmas to unique and special gifts estate sales have so much to offer buyers.

If you have put off your Christmas shopping check out the links below to find estate sales selling everything from A-Z. You’ll come out smiling.

EstateSale.com

EstateSales.net

EstateSales.org