Category Archives: Estate Sales Help & Tips
Tracy Vedder of KOMO News in Seattle Washington recently wrote about a local armed robbery that took place in West Seattle at an estate sale in January of this year.
For potential amateur sellers this video clip from KOMO may help you decide why hiring a professional estate sale company can be so important to the safety of your sale and why you should choose your estate liquidator carefully. Not all estate sales companies are knowledgeable about security and take adequate measures.
I recently spoke with Linda Brannagan of New Jersey Estate and Moving Sales in northern New Jersey about security concerns she had for a large sale she just conducted for four days in Plainfield. This estate sale was filled with valuables and she expected the volume of people showing up would warrant hiring two security guards as well as being heavily staffed. She informed me that the sale had a line of people up to 2:00pm on the first day.
This article also discusses how even in retail outlets such as a consignment or antique shop security measures have been increased and how more and more estate sales companies are accepting charge cards to lower the amount of cash taken in and their vulnerability.
The state of Florida requires the collection of sales tax by estate liquidation companies unless you possess a resales tax certificate which a buyer will need to present to the liquidator. Florida requires the liquidator to keep a copy of this certificate on file.
In many areas of Florida you will find signs posted in highly visible locations on the front yard of the home (or where there isn’t a front yard near the entrance) where the sale is being held letting buyers know that no purses or large bags can be brought into the home. This is a security measure for the protection of the sale.
Especially on nice days you will find the check out for the sale in the garage, under a canopy or tent. Many Florida liquidation companies record their sales on computers. It is beneficial for keeping track of the sales tax collected that must be reported and turn into the state.
More and more local authorities are requiring estate sales companies to take out a local license for their estate liquidation business.
More discussion in the future.
Sequestration may effect estate sales buyers and sellers in parts of the country where there are numbers of federal employees. Furloughs or unemployment can diminish proceeds and inhibit sales.
If you are not buying as an antiques dealer or reseller on Ebay disposable income influences your impulse buying. General household items prices eventually become lower with a smaller audience or tighter budget.
Of course not all areas of the country may see some of these changes. We’ll be watching for you.
Megan Feldman published an article in Consumers Digest in November 2012 entitled The Truth About Estate Sales. In the article she chronicles some of the serious issues that happened when some consumers hired some questionable estate sales companies. They appear not to have been informed on what to ask, look for and expect. That’s why Estate Sales News is here. To provide helpful information.
Not all estate sales companies are alike so choosing an estate liquidator armed with information can prevent many problems.
Here is a link to her article.