Category Archives: Estate Sales Help & Tips

Estate Sale Companies Cannot Be Biased

Estate sale companies cannot be biased.

It is against federal law for an estate liquidator to not permit people based on their race, ethnicity, religion or sexual preference from attending your estate sale.

Estate liquidators that encounter such bias will likely excuse themselves from the interview and exit the property.

Federal law does not permit this kind of discrimination in any business including real estate and estate sales.

Recently this happened to an estate sale company and they immediately left the home.

The only persons not allowed at estate sales are known thieves, persistent trouble makers, people that tend to be physically threatening and those that have passed bad checks or commit credit card fraud.

Although there isn’t any federal regulation on estate sales, there is federal law about discrimination and that affects all businesses.

Having a broad attendance at your estate sale increases the likely hood of achieving success. It doesn’t matter who spends, the important thing is that they spend.

EstateSalesNews.com has not addressed this issue before and we want this to be the only time.

Wishing you a happy Monday.

Where Does Estate Sale Experience Come From?

Time to ask the question where does estate sale experience come from?

More organizations, associations and societies are entering the estate sale field.

The question arises, where do they get their expertise in the estate sale field from? Some of the owners of estate sale companies are members of appraisal organizations such as ISA, CAGA or ASA. They have completed courses of study by these associations. Have met their requirements including experience, years in the business and a code of ethics and professional conduct they adhere to.

Many estate liquidators started out as helpers or apprenticed at estate sales. A great way to acquire knowledge about personal property, antiques, and art.

Others have taken courses such as the Fine Art course offered by NYU.

Each of these estate sale associations, societies and organizations has written their own code of ethics. There isn’t a national code of ethics or a state code of ethics.

Sales Tax State By State – Does Your State Charge Sales Tax At Estate Sales

 EstateSalesNews.com is providing the sales taxes charged by the 50 states.  Not all states charge sales tax on estate sales. It depends on the county, city or town. Check with your state to learn if your state requires sales tax be charged at estate sales. Do not expect cash payment to evade paying sales tax. Retail stores charge it and states are alert to estate sale companies failing to charge it.

Currently there are only 4 states that do not require sales tax at estate sales.

Be kind to the estate sale company. They are doing what is required and this is extra paperwork for them that they are not compensated for.

Alabama 4% – 12%, Alaska 0%, Arizona 2% -6.6%, Arkansas 6.5%

California 7.5% -10.0%, Colorado 2.9% – 8.0%, Connecticut 6.35%

Delaware 0%, District of Columbia 5% – 7.5%

Florida 6% – 7%

Georgia 4% – 6%

Hawaii Gross receipts and use tax 4% +

Idaho 6.0%, Illinois 6.25% -9.0%, Indiana 7.0%, Iowa 6.0% -7.0%

Kansas 6.15% – 11.15%, Kentucky 6.0%

Louisiana 4.0% – 9.0%

Maine 5.5%, Maryland 6.%, Massachusetts 6.25%, Michigan 6.0%, Minnesota 6.0%, Missouri 4.225% – 9.6%, Montana 0%

Nebraska 5.5% – 7.0%, Nevada 6.85% – 7.25%, New Hampshire 0%, New Jersey 7.0% enterprise zone 3.5%, New Mexico 5.0% – 8.8625%, New York 7.0% – 8.75%, North Carolina 4.75% – 7.0%, North Dakota 2.0% – 7.0%

Ohio 5.75% – 8.0%, Oklahoma 4.5% – cities 7.5% – 8.5%, Oregon 0%

Pennsylvania 6.0% Philadelphia 8.0%

South Carolina 6.0% – 10.5%, South Dakota 4.0%

Tennessee 7.0% – 9.25%, Texas 6.25% – 8.25%

 Utah 5.95%

Vermont 6.0%, Virginia 5.3% – 6.5%

Washington 6.5%, West Virginia 6.0%, Wisconsin 5.0% – 5.5%, Wyoming 4.0% – 7.0%

Estate Sales Versus Overstock And Wayfair

Why buy at estate sales? With Overstock and Wayfair and the ability to order on line they offer the convenience of shopping from your couch. However, nothing compares to hands on.

Buying at an estate sale allows you to thoroughly look over the items you wish to purchase. It also allows you to measure for fit or size.

Kitchenware, dishes, glasses, and linens are available at most estate liquidations.

When you buy at an estate sale you take the item home that day in most cases. You also do not have the opportunity to return items, as sales are final. The ability to look over your purchases closely before buying does allow you to avoid regret later.

Garden tools, yard maintenance equipment, even potted plants can be purchased at estate sales.

Celebrating Labor Day

For most Americans this is a weekend to celebrate the fruits of our labors and take some time off. Let us not forget those who cannot take time off. Our military, hospital, firemen, police, and emergency response personnel and those in the transportation industry. EstateSalesNews.com is also enjoying this labor free weekend. You can find hundreds of articles in archives just type what you are looking for in the search box. If you are in the path of Hermine stay safe and we will be back Tuesday.

labor-day

From EstateSalesNews.com. Your #1 source for estate sale information, tips and news.

Understanding The Estate Sale Process

Understanding the estate sale process is very important as the liquidation business continues to grow.

Estate sale companies cannot commit until they have seen everything you are selling. The company needs to decide if there is enough in the sale to make it profitable for them.

Estate liquidators have many expenses such as insurance, staff, supplies, security and the time needed to prepare the sale. Liquidators have to include their advertising costs to compete with the growing number of estate sales.

Sellers hiring an estate sale company should recognize that they have a multitude of expenses. Working to create a successful sale for you to the best of their ability requires knowledge and marketing experience.

Estate liquidators also need empathy in many cases for clients.

A strong estate sale contract that protects and explains the estate sale company obligations and the sellers obligations is very important in the process. Many estate sale companies have their contracts prepared by attorneys.

The estate sale company may have a membership in associations such as the NAOEL. These associations and societies charge a fee to join and a yearly fee for membership. They also provide education that they charge the estate liquidator for.

The estate sale company incurs the cost of excepting charge cards. Fees are accessed and each company decides whether to charge them to a seller or absorb them. This may be part of their commission. Each estate sale company is different.

Sellers should understand what is required to prepare and conduct a sale. Reviewing the estate sale process with any estate sale company you are interviewing is important to avoid future misunderstandings.

This Week’s Estate Sales News, Information And Tips

 

EstateSalesNews.com shares this weeks estate sales news, information and tips.

On Sunday, August, 20th The Orange County Register in California published an article “The 7 Things You Need To Know About Selling Everything In Your House”. This article featured Simone Kelly from Grasons and your editor Carol Madden of EstateSalesNews.com. This article went national through Google Alerts.

An estate sale company was conducting an estate sale and selling a gas grill. The estate sale company hadn’t cleaned it and when a couple went to steal it they were surprised by a massive number of bees nesting inside the grill attacking them.

A “real estate” firm from Seal Beach California wrote internet multi-page article “How to Choose An Estate Sale Company”. EstateSalesNews.com offers a link at the top left of our Front Page to assist you. The article appears to have been written with assistance from two of the three major estate sale advertising listing sites as they were mentioned and linked in the ad. Realtors now giving advice on estate sale business without experience. There is no mention of estate liquidation experience from the real estate company.

Collecting sales tax at estate sales is necessary unless the state the sale is being conducted in exempts estate sales from sales tax. For example Florida and California collect sales tax, New Jersey does not.

Two large estate sales will take place next week. One in Tampa, Florida is a 4 day estate sale with 20 shipping containers filled with multiple collections. The other estate sale will be 3 days and includes an entire village collected by one gentleman in Onamia, Minnesota. EstateSalesNews.com will feature pictures and information from both estate sales early next week.

Shopping At Estate Sales In Person Or Online

Shopping estate sales online or in person. Which works for you?

There are some companies that have offered online estate sales. Two large national companies prefer selling this way. Another estate sale listing website has announced that it too will offer online estate sales starting next year. All this in a growing competition to attract buyers and estate sale companies.

How do you like to shop? Do you like to handle and inspect what you’re buying personally or do you trust online sales to include all the necessary photos and information to enable you to make a decision? It is similar in this way to online auctions. You rely on the company selling to provide accurate and complete descriptions.

Many large retailers sell online only, such as Overstock and Wayfair. Selling new items with warranties or return policies can offer security. Online estate sales will usually be used items and the return policy will depend on the estate sale company. Determining whether to buy at an on site estate sale or online estate sale really depends on your comfort zone.

Preventing Theft At Estate Sales

Preventing theft at estate sales is important as more people attend the sale.

Estate liquidators are hiring off duty policemen for security and safety for their estate sales.

Estate sale companies can use this security to ensure orderly entrance into the estate sale as well as monitor those exiting. The off duty police officer may ask to see your receipt. He or she may also ask to look at the contents of your bags or boxes.

Estate sale staff are monitoring the personal property entrusted into their care. If staff see someone trying to steal or change a price tag, they will report this to the owner of the estate sale company and the security person.

Many estate sale companies that have caught thieves have taken to posting their photos on Facebook to warn others and hopefully prevent further theft attempts. They hope the embarrassment of their photo will succeed when viewed by the general public.

Estate sale companies can prosecute anyone caught stealing. Many use video cameras to monitor their sales.

Estate liquidators are now limiting coats and in many cases preventing pocket books from being brought into the estate sale. In Florida it is not uncommon to see yard signs that clearly say no large bags or purses.

Throwback Thursday Did You Use One of these

Email us, like us on Facebook or comment, or on Twitter. Find them at estate sales.

13873170_1098907603480547_866487916603545109_n