Category Archives: Estate Sales Costs

Estate Sale Topics Past, Present, And Future on Estate Sales News

Estate Sales NewsApril 1, 2015 and with new additions and features. Estate Sales News offers topics we have written about in the past, present, and future. What you need to know. This list is for sellers, buyers, and estate sale companies. If you have a topic you would like us to report on just email us at support@estatesalesnews.com.

Advertising – From estate sale listing sites, SEO, social media, brochures, email lists, signs, & more

Animals – dealing with pet stains and odors etc.

Antiques – where to learn, how to know and understand (gesso for example)

Appraisals – It is more than USPAP, understand what it is, who they are, and the many associations

Art – A general discussion on where to learn more

Auctions – Online, on site, and the difference between an estate sale and how they can work together

Baby Boomers – companies that specialize in educating liquidators that work with those moving to assisted living, elderly parents, and downsizing

Bonding – what is it, the different types

Books – First additions to comics and where to find information

Buyers – Advertising for them, etiquette, number system, negotiating, working with them

Choosing an estate sale company it’s not so simple anymore (a printable list to assist you in the process)

Clients – Estate sellers, working with expectations and realities, a helping hand and more…

Clean outs – Who will and won’t, what to expect and fees

Clothing – Vintage or new

Conferences – 2013 and 2014 estate sale conferences

Consignments – what, why, and when they may be useful

Downsizing – decisions to be made including, don’t throw anything out until you talk to a liquidator

Education – Online eduction to apprenticing, society’s to belong to

Estate sales – Understanding what they are, and the process

Estate sale Contracts – What are the basics and what you should know.

Estate sale costs – commissions, fees, how and why what is charged

Estate sale listing websites – who, what they offer, where to find them on the internet

Ethics – Checking for reviews, doing your due diligence to choose an estate sale company

Growing your audience – so many sites that you can participate on to increase visibility on the internet

Insurance – Liability, why it is important, who needs it, where it can be found

Ivory – New United States rules and concerns in various states about the sale (will be updated as needed)

Jewelry – fine, vintage, costume, gold, silver, testing, weighing, and in general

Social Media – Facebook, Twitter, Pinterest, Google+, reddit, and Instagram, why it is important and how to use it effectively. This is a frequent topic on EstateSalesNews.com

Taxes – an on going topic about estate taxes and sales taxes in different states.

ThrowBack Thursdays – we look back at items of the past including photos

Videos – News worthy estate sales and video chats.

What’s selling at estate sales

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Estate Sales News Celebrates Our 2nd Birthday

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Two years ago today we started publishing EstateSalesNews.com.  This online news magazine and resource has continued to evolve and over the next several weeks we will be introducing new and we hope exciting additions.

We celebrate today and give our sincere thanks to those who have we have been part of this growth. Our  feature guest authors (Judy Martin and Julie Hall, both appraisers and experienced liquidators. Judy is a director of the International Society of Appraisers, ISA. Julie is also the director and owner of the American Society of Estate Liquidators).

Estate Sales News has traveled to California, Michigan, Georgia, Illinois, Maryland, Virginia, Nevada, Missouri, and Florida to name a few of the states we have spent time in covering news worthy estate sales.

We attended and reported on two Estate Sale Conferences and we spoke about estate sale contracts at the 2014 conference.  We went to the headquarters of EstateSales.NET in Jackson, MO, interviewing Dan and Micky McQuade, the founders and owners.

We have had guest articles from Lofty, (an online auction site), CRTS (Certified Relocation Transition Specialists), Lela of TrashFindRedesigned  (turning estate sale and other finds into great repurposed items). We hope we haven’t left anyone unmentioned.

We would also like to thank our advertisers who have supported us. Please support them if you are part of our audience.

Our goal two years ago was to inform and provide a resource for estate sale sellers, buyers, and estate sale companies. We have and continue to talk about how to choose an estate sale company, estate sale tips, estate sale contracts, staging the sale, estate sale etiquette, pricing, what is an estate sale, dealing with the uncomfortable moments that can occur with sellers or buyers, rare or unique finds and more.

Entering our third year we will continue to present information to keep you informed on the wide world of estate sales.

Thanks for being part of our history and we look forward to continuing the future with you.

Have Questions About Estate Sales? Email Us – Front Page Topics

questions and answersWhether you are a seller, estate sale company or buyer there seems to be no limits on the concerns and questions to be asked about estate sales.

After 25 years in the estate liquidation business and with the continually changing laws and needs of clients we want to hear from you so we can discuss these issues here on the Front Page of EstateSalesNews.com.

From what to do when you need or want to have an estate sale, finding a liquidation company, interviewing and hiring an estate sale company, what is the process (how and why it works), what to expect before, during, and after and what if something goes wrong, we want you to email us.

contact@estatesalesnews.com

When everyone involved understands what is expected and on the same page the process can be less stressful and more successful.

EstateSalesNews.com is your resource for estate sales information, help, and news.

Getting Paid After An Estate Sale

CheckEvery estate liquidation company works differently and practices for paying sellers vary from company to company, community, and state. There is no right or wrong way.

Here are a few ways of paying out the net proceeds

 

  • Counting out the cash right after the end of the sale, taking any costs, fees, or commissions agreed to and remanding the net proceeds to the seller.
  • Taking 3- 30 days after the sale ends to let checks and/or credit cards process and payout and then giving the seller a check for the net proceeds.

There are no set rules about payout, however, it should be in your estate sale contract and if it isn’t a seller should be concerned. Every estate sale company works based on what works for them and you, but making sure you are in agreement before beginning the estate liquidation process is paramount.

Sellers should research the estate sale company you are considering on Google, Yext, Yellow Pages etc. as mentioned in other articles (September 23, 2013 for one) to ascertain that they do payout without problems. If you find reviews that indicate otherwise rethink your decision or ask them directly about what you have read before you sign a contract.

If your estate sale company does accept credit cards and/or checks they need time for them to process and pay you. You should also ask about whether a fee for the credit card is charged separately (generally they do, but some may have it factored into their commission or fee for the sale) and that should also be included in your estate sale contract.

Protection for sellers and estate sale companies is important to keep the estate liquidation process as smooth as possible without misunderstandings.

Cash, Check or Charge – what is accepted at the sale

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Twenty years ago most estate sales companies accepted cash or personal checks.

Since the industry has grown and evolved many companies no longer accept checks, but now accept charge cards. This is helpful on large ticket items especially, however, if the companies you are considering accept credit cards be sure to ask if you will be paying a percentage (usually between 1%-5%) of the amount charged that will be deducted from your proceeds of the sale. Some companies will only accept credit cards over a specific dollar amount. In any case you should inquire of settlement is done at the end of each day of the sale or just at the conclusion of the last day of the sale will you be paid immediately for any amounts charged. Also you may want to ask if there is a dispute on the payment who will be responsible for the resolution.

In some areas personal checks are no longer accepted. Again, check with your liquidator.

Estate sales – what do you want to know about?

emailEstate Sales News is always looking for interesting estate news and providing informative articles. We would like our readers (sellers, buyers, and estate sales companies) to email us about what you want to know more about or discuss. Please share your ideas and questions.  We look forward to hearing from you soon.

Please email me at carol@estatesalesnews.com and let me know.

Estate Sale Costs – What am I paying an estate sale company for?

Estate Sales News frequently encounters people considering having an estate sale and asking that question.

When you hire an estate sale company you should be hiring a professional liquidator. A company with an experienced owner and staff, knowledgeable and reputable . An estate sale professional should know how and where to research items, how to promote and advertise your sale. Are their staff trained and do they work with them on a regular basis should be considered. A question to be asked is where do you get your audience from? Do they have followers from the Internet, newspapers or email sign-ups.

Whether you are paying a commission or a fee you should be getting an estate sale company that is worth what you are being charged. In many places across the United States the competition for estate sales has become a competition in who can charge the least or to put it bluntly the cheapest. This begs the question if they are cutting their commission or fee to the bone what else are they cutting? Are they understaffed to save costs, will your sale be poorly advertised, are they using untrained or inexperienced staff?

Conducting an estate sale properly is a profession and requires professionals. You should not ever choose the company based on just the commission or fee charged.