How to Choose an Estate Sale Company

Choosing an estate sale company (liquidator) is a decision made with careful consideration and knowledge. Here is a guide from Carol Madden of EstateSalesNews.com to common questions about choosing an estate sale company. These helpful tips are based upon her 25 years’ experience as an estate liquidator. Print them out for your easy reference!

Where do I find estate sale companies?
There are several ways to find estate sale companies. Online, there are four leading websites that list estate sale companies and their sales. They are EstateSale.com EstateSales.org, EstateSales.net and Estatesale.company. You can also ask your attorney, local realtor and/or friends about their experiences with companies with which they might have had estate sale dealings in the past.

What do I look for in an estate sale company?
Choosing an estate sale company is a process – here is a list of tips to follow.

  1. CHOOSE at least several estate sale companies (if possible) to contact that work in your area.
  2. CHECK the internet for any reviews on the companies you will be calling.
  3. how-to-chooseCALL the estate companies: Ask them about their business experience, staff, and services they provide. Be sure to ask if they are insured and, in some states, licensed. You may also want to ask them about visiting their next sale and tell them you would like to speak with past clients. Print out and use our handy interview page at the end of this linked document (at right) to record your findings for each company.
  4. SCHEDULE appointments for face-to-face interviews only with companies you felt provided you with satisfactory answers during the phone interviews. Be sure to schedule the in-person interviews several hours apart or even on different days so they don’t overlap.
  5. SHOW the estate liquidator through the property. Point out any items that will not be included in the sale, and if you have any items where price is a concern, discuss it with them at that time.
  6. ASK them about their crowd control policy, pricing (how they research prices), credit card acceptance and any associated credit card fees, security, staffing, staging the property (when they would want to start and how long it would take), and what their current schedule of sales is. Additionally, ask how many days they would conduct your estate sale, whether they allow anyone (staff or otherwise) to buy before the sale starts (presale), whether they will be required to collect sales tax, obtain any necessary permits, and place advertising (where and when).
  7. INQUIRE as to commission or fee. What they charge is not as important as hiring a reputable, experienced estate sale company that will work to achieve the best results possible in current market conditions in your area and make the process as stress-free as possible.
  8. FIND OUT from the estate sale company how and when you will be paid and whether or not they provide clean out services (what do they charge) or do they have a company that will (again ask about the fee).

 

TAKE NOTES AND DON’T MAKE A DECISION UNTIL YOU HAVE MET AND TALKED TO ALL THE LIQUIDATORS WITH WHOM YOU HAVE APPOINTMENTS. Take time to review their answers to your questions and any notes you made about the estate liquidator (attitude, appearance, demeanor, apparent knowledge and any recommendations).

More helpful reading at EstateSalesNews.com:

 

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