Category Archives: How Do Estate Sales Work

EstateSalesNews.com Celebrates 3 Years Providing Estate Sales Information

It’s been three years since we launched this estate sale website magazine. We want to take a look back at the variety of topics we have covered.

We are also flattered that other websites have been developed to try to provide estate sale information. The difference for you our audience, we were in the estate sale business for 20 plus years. We do not charge you for all the information you find on our website. Others have been websites have been launched that either charge for information or are used to assist another existing website that estate sale companies (that estate sale companies already pay advertising fees for).

We started by discussing what is an estate sale. The definition has changed greatly over the years. We use to call them tag sales, house sales, moving sales, etc. Now for the most part we group them under one banner “estate sales”

When we launched there were about 9,000 estate sale companies. Today the growth continues and we have passed the 16,000 mark.

Estate Sale Contracts – Important Topics

EstateSalesNews.com has written about estate sale contracts in the past, but there are topics that deserve review.

One of them is the final payout to sellers of the net proceeds. Every estate sale contract should have a paragraph that addresses the specifics of how and when you, as a seller, will receive your net proceeds. It should lay out either the number of days (and this should be business days – excluding weekends and holidays preferably) or weeks, but certainly within 30 days of the conclusion of the sale.

Each estate sale company has a process they go through, however, 30 days should be the maximum and if you have a contract that is not specific, do not sign it. You will not have any guarantee of when or even if you will be paid. Estate sale companies that have good business ethics (99.9%) want you to know when you will be paid. They also want you to know how your will receive your proceeds, either by check, cashiers check, or in cash. When you review the contract with your prospective estate sale company look for the payout clause and ask questions if you have any. Estate sale companies want to have a good working relationship with you as a client. It benefits both of you.

Estate Sale Companies Care About The Public

The majority of estate sale companies in the United State (99.9%) care about the public’s welfare and any event that casts a shadow for this service industry becomes a concern. Estate liquidators deeply care how this affects clients and abide by unwritten code of ethics based on their personal lives and how they do business. They are honest, hardworking people who have chosen this industry to make their living in and they want legal justice for a client from a dishonest company.

Most estate sale companies pay within days or a week of the end of the sale.  Be sure if you are a seller that your estate sale contract clearly states when payment is due and don’t hesitate to discuss with your estate sale company. They want you to feel trust and confidence in them.

We are not discussing minor complaints that are primarily poor communication or unrealistic expectations about items not selling for what a seller wanted.

Estate Sale Companies Advice For Sellers Before The Sale

Recently, Estate Sales News had the opportunity to discuss with many estate sale companies from across the United States what they would advise sellers before the estate liquidation process begins. The advice we were given from estate sale companies is important for sellers and/or heirs to help make the estate sale successful.

Here are the items they feel strongly about and that are of great importance for both parties.

Don’t throw anything away until an estate liquidator has viewed the contents. You never know what might have value. The only exceptions should be perishable foods, used plastic food containers, medications, income tax or personal papers.

Be sure you leave the property air conditioned whether it is occupied or not. Heat and/or humidity can ruin many items. In the winter, be sure that the heat remains on too. Be sure that electricity to the property is on until the sale is over and the estate sale company has vacated the property.

Estate Sale Advertising Is Now Big Business

Estate sale advertising is growing. The number of companies  offering various types of advertising is increasing. Businesses have been created to meet the demand for getting the information out. Some are paid by estate sale companies and some through advertisers.

You have the major estate sale advertising listing websites and they have now included auctions (both online and on site) as well as social media sites such as Facebook, Twitter, Pinterest, Tumblr, YouTube, Google+, Instagram, email services, and craigslist.

Although most estate sale companies have their own websites, several successful companies utilize a variety social media to get their estate sale information out to the public.

The advertising listing websites offer estate sale companies the opportunity to post hundreds of photos,  a list of items for sale or descriptions, the ability to feature their sales, email notifications to their subscribers, and the ability to search for items. All three charge fees to be listed, some more than others, along with some that offer advice about estate sales, however, this information is based on conversations with liquidators. Their information is not based on their own experience. This was written about in the autumn of 2015 here on Estate Sales News in response to our survey questions. They are advertising sites for estate sale companies and estate sales that are compensated by estate sale companies.

Celebrating Presidents Day At Estate Sales News

It is a national holiday for Presidents day, however, estate sale companies are hard at work even today preparing estate sales for this coming weekend. Celebrate Presidents Day and the freedom it embodies with estate sales.

Presidents-Day

What Estate Sale Questions Do You Have? EstateSalesNews.com Wants To Know

EstateSalesNews.com has written hundreds of articles about estate sale information, estate sales, and a variety of topics related to the liquidation business. We have featured a selection of guest authors too.

We have been receiving emails from our audience and with our free subscription rate growing at a rapid pace EstateSalesNews.com wants to hear or read any questions you may have concerning estate sales and the estate sale business, everything from A-Z.

To submit your questions please email carol@estatesalesnews.com.

Understanding estate sales and the process of liquidation, from where to find a company, how to buy a car, to final payout, and clean out are all valid important questions. We look forward to hearing from you.

Estate Sale Information Today

Estate sale information is increasing the knowledge for all parties. The estate sale industry is surging. The questions that accompany this growth are increasing.

One of the many benefits occurring from this expansion of the cottage industry of years ago is the communication between estate liquidators. Before the internet and social media like Facebook, liquidators rarely communicated with each other or shared ideas and information.

The ability for estate sale companies to liaise with each other has brought so much to this industry. Such as discussions about carrying liability insurance, using professional signs for directions, the use of websites, keeping current about the laws that affect the industry (such as the sale of ivory), how to remove stains and spots, determining the age of some items, sharing advertising tips, the use of social media, working conditions, to name just a few. These groups share and discuss a variety of topics to assist and improve the estate sale business as a whole and make it better for everyone.

In todays’ world of estate liquidations, estate sale information and providing it is key to furnishing knowledge to all parties, prospective estate sale sellers and buyers.

What Estate Sale Companies Consider When Choosing Sales

There are many companies that handle estate sales from high dollar value to lower values while others may have a specific amount they look for in determining whether to accept an estate sale. Every company is different and what they look for and how they arrive at their decisions to accept or reject is based on a variety of factors. Today we look at some basics. Understanding how an estate sale company determines what sales they can or cannot accept is important for both prospective sellers and estate liquidators.

Staffing estate sales is different from what it use to be. So many liquidators now need to keep full time staff employed. Many must be at the constant ready to continually stage, price, and work their sales. Thousands of estate sale companies run a sale almost every weekend with limited time off. The once cottage industry of estate sales are now full time small businesses.

2015 EstateSalesNews.com Year In Review – Help, Tips, Information

What a year it has been here at EstateSalesNews.com Here is a partial look at the nearly 200 articles that have been published on our front page this year.

In January we reported about advertising including the use of Facebook and SEO (search engine optimization). We also covered winter sports and finding skis, skates, snowboards, and snow shoes at estate sales. We also talked about holding estate sales in the cold, snow, and ice. This December many areas of the country are still waiting for snow while others are almost snow bound.

February we covered several memorable estate sales including one selling a Ford Model A with video, and our article about How To Find Your Estate Sale Company. We featured a liquidation sale with antique and vintage pinball machines and we wrote about several websites where you can advertise your estate sale company with out cost for basic information plus some great throwbacks.

In march we announced through a video a new advertiser, EstateSale.com. We discussed estate sales over Passover and Easter, what was selling at estate sales, having wardrobes before the age of closets, along with the difference between antique, vintage, and retro. We also wrote about what’s driving shoppers to estate sales.