Category Archives: Liability Insurance

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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2015 New Year’s Resolutions For Estate Sale Companies

Slide1This Monday with only two days left to 2014 we had a suggestion from an estate sale company owner about resolutions for the New Year of 2015.

Estate sale companies had a banner year in 2014. Whether you have been in business for years or you are a new estate sale company this is a great opportunity to review your business plan (how’s your accounting system working for you and even your client)? Do you have a team or staff that are basically “to go bag” ready for estate sales that come up at the last minute. Is your calendar for marked for any special family events or vacation time. Everyone needs some down time. Are you keeping up with trends in your area?

This is an excellent time to review your social media advertising. Do you use social media to it’s best advantage to advertise your company? It’s a must in todays’ internet connected world. Who is in charge of all the various forms of social media for your company; Facebook, Twitter, Reddit, Instagram, YouTube, Pinterest, Google + to name the major outlets? There are even social media software companies now available for you that you can pay for monthly to keep your company visible and communicating with the outside world. Keeping your estate sale company in front of the public in this rapidly growing industry is a must. An estate sale company owner cannot do it all and if you don’t have a staff member that can take charge of this advertising, these social media software companies may be your answer.  Make it a resolution for 2015 to keep your audience on social media informed about your company and estate sales.  This is also a good time to look back at your advertising expenses from last year and determine what worked and what didn’t and put your dollars to work for you where they will do the most good.

Now more than even a year ago is the time to learn out SEO – search engine optimization. This helps Google, Bing, and other search engines find your company. A hot topic for sure in today’s tech world.

An important resolution to examine is how you do business including working where the competition is strong. Keep your ethics high as well as your reputation. It’s your best advertisement, it’s free, and in our internet connected world it can easily escape you. Checking weekly for any online reviews is paramount to maintaining an exemplary public image.

Eliminate what was difficult or didn’t work for you.  Know when to politely turn down a sale that may not be the best choice for you, your staff, and the seller and lastly continue to become educated about all the new tools and laws that affect your business. Estate liquidation is a continually evolving business and keeping up to date from what’s hot and what’s not, laws about ivory, endangered species, and migratory birds, the value of gold and silver, what credit card processors work best, security cameras, liability insurance, permits, signage, resale certificates, collecting sales tax (if necessary) etc. is a must for success and your financial well being and the sellers bottom line.

As a friend Barbara Stevens Jersey, Wonder Women Estate Sales suggested to us “now is a good time to ring out the old and bring in the new”.

Estate Sale Liability Insurance – Why It’s Important

liability insurance for home20 years ago most estate sale companies asked the seller or whoever was representing the sale of the home contents if they had a homeowners policy. If they did that was enough in most places and the estate liquidation process began.

Today, that is not the case. In today’s litigious world estate sale companies as well as the representative of the home contents need liability insurance. The property needs a policy (usually homeowners) and the estate liquidator also need liability insurance. Slips, trips, falls, no matter what signs are posted put estate sale companies and homeowners at risk.

At the Estate Sale Conference in Memphis there was discussion on this very important topic along with a vendor that offered liability insurance. There are several companies that sell this liability coverage for estate liquidators. It is highly recommended that you ask an estate sale company before you make your interview appointment if they have their own liability insurance. If they don’t you may want to consider other companies. If someone decides to sue they usually sue all parties; homeowner and estate sale company.

It costs an estate liquidator extra expense, however, liability insurance can provide peace of mind for all parties and save homeowners and estate sale companies thousands of dollars.

Tip- If you are representing an estate you should have a homeowners policy and an estate sale company is well within their prerogative to turn down a liquidation sale that does not have liability coverage on the property.