Category Archives: Learn About Estate Sales

Thinking of selling a car at an estate sale?

Car for saleSelling a car at an estate sale is usually fast and efficient, however, a few things to know and consider. Make sure the estate liquidator you are using has access to the car title or can reach you to bring the title quickly to the sale when the car sells. Most liquidators will ask for cash or in some instances accept a charge card. There are some companies that will also accept bank checks. It’s a good question to ask when you are interviewing perspective estate sales companies.

It is recommended that you have the car interior vacuumed an wiped down and the car exterior washed just prior to the sale to obtain the best possible price. Make sure all lights on the car are working and if there are any problems with the auto advise your liquidator when you sign up for your sale. That way it can be noted “as is” if necessary.

Who’s running your estate sale?

Many estate sales companies across the United States conduct more than one estate sale per weekend. There is nothing wrong with this practice. The owner of the estate sales company should have staff working that are experienced, knowledgeable and trust worthy.

When you are considering hiring an estate liquidator you should ask if they would be working another sale on the same weekend as your sale. If they are ask them who will  represent them at your sale. Will it be the owner (probably the person you’re interviewing although not necessarily) or someone that works for them. You might want to ask to meet the person that will be running the actual sale.

This can provide peace of mind for a client who has concerns and hopefully prevent questionable issues during or at the end of the sale.

 

Choosing an estate sales company – check out their website

Every estate sales company has their own way of doing things. One thing to watch when deciding on a liquidation company is their website. If you find a liquidator that you are interested in and they don’t have their own web presence ask them why? Not all estate sales companies use a dedicated site, they may simply list themselves on one of several estate sales listing services.

About the website consider is it easily found? Do they update their site weekly, monthly or not at all? After visiting a site were you more informed about how they operate, their history and what services they offer? Was the website professional looking?

Sometimes depending on what area of the country you are in a website may not be the best use of advertising, however, it has become extremely popular with estate sales companies that are very active and where the majority of the population utilize the Internet.

 

 

Two weeks until the Estate Sales Conference in St. Louis

ConferenceLogo_horizontalTwo weeks from today I will be in St. Louis, Mo. attending the 2013 Estate Sale Conference being conducted by EstateSales.Net owned and operated by Dan and Micky McQuade. The conference is being held for estate liquidators and is 2 full days of lectures and covers many important topics for personal property liquidators.

I’m looking forward to the variety of speakers and their discussions and I will be conducting a telephone interview with Dan McQuade the end of this week in preparation for attending this conference.

 This is an exciting opportunity to meet with other personal property liquidators from all over the country, get their perspective on the business and their current markets. I’ll be blogging from St. Louis.

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Downsizing – a liquidation sale may be just the ticket

Downsizing, a liquidation sale my be just the ticket. With the number of baby boomers retiring every day, boomers are looking to move into smaller homes, an apartment or condo. Downsizing is often a necessity and estate sales may be the answer.

Within 6 months or moving to smaller quarters? Now is the time to start looking at estate liquidators and conducting interviews.  The sooner you make a choice the easier the process will become. Downsizing can be stressful and having booked a specific date with an estate liquidator will help eliminate the anxiety.

Getting into decision mode as to what you want to keep and sell. Moving and choosing what to will need and part with aren’t easy. The sooner you start the process, the less stress you will feel. Hiring an estate sale company to work with will also make sure you get a date that will work to your advantage.

Sales Tax On Estate Liquidations

MP900411753Sales tax on estate liquidations depends on the state. Each state has it’s own regulations about the collection of sales tax at estate sales.

Florida and California require an estate liquidator to collect sales tax unless you possess a valid resales tax number. In Maryland they require sales tax as well, however, if you possess a resales tax number and your purchase is under $200.00 you still pay sales tax. Then apply to the state of Maryland to have it refunded. Purchases over $200.00 with a resales number do not require sales tax collection. In New Jersey they do not collect sales tax on estate liquidations.

Smart place to purchase – estate sales

Featured on MSN money yesterday was an article about making seven smart purchases at outlet malls. It points out that not all deals at a shopping outlet will save you money. However, shopping at an estate sale is a thrifty way to purchase everything from furniture, designer clothing, housewares, linens, and even cars and jewelry. Keep in mind that most estate sales purchases are “as is” and most professional estate sales companies will not allow returns – all sales are final. But buying at an estate sale can save you hundreds or even thousands of dollars depending on the item. Gold and silver jewelry is usually priced by weight unless it is designer made, and just like new cars that drop in price once they leave the showroom floor this is usually the case with furniture even when it is only a few months old unless it is an antique or high end designer piece.

Firearms – can they be sold at an estate sale

The sale of firearms at an estate sale is under the laws of the state where the sale is to be held and the ATF (Bureau of Alcohol, Tobacco, and Firearms).

We have provided a link with some general information. We recommend you contact a licensed firearms dealer in your state.

http://en.wikipedia.org/wiki/Gun_laws_in_the_United_States_by_state

Sequestration – will it effect you?

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.