What is an estate sale?

It used to be the wording used for the liquidation of a deceased persons personal property was sold. Today it has become a generic term in most states for the liquidation of personal property whether the owners are alive or deceased. Read More »

Bonded and Insured: What it does

When an estate sales company advertises it is bonded and insured in means they have purchased Liability Insurance and a Surety Bond. Not all companies do this. It is not a requirement in every state and is often the choice of the individual company. Read More »

What is USPAP?

USPAP is an acronym for Uniform Standards of Professional Appraisal Practice; the mandatory guidelines that govern the performance of all licensed and certified appraisers. The goal of USPAP is to promote and maintain a high level of public trust in appraisal practice by establishing requirements for appraisers. Read More »

Estate Sales Costs

Every estate sales company operates differently. Here is an overview of what you might encounter depending on the company. Read More »

 

Helping A Loved One With Memory Disorders To Downsize Using An Estate Sale

Baby Boomers continue to age and retire, and unfortunately there are some with debilitating diseases such as dementia, Alzheimer’s disease, and memory loss.

As family and loved ones work to assist them it often becomes necessary to hire an estate sale company or liquidator to help them downsize to enter a care facility or even move into a relatives home.

It is common for the family or a relative to sit down with their loved one to discuss what must be done to make their life simpler and easier for them. The family may have an estate liquidator sit in on the first discussion allowing the liquidator to meet and interact with the prospective owner and family. However, because of the nature of the health issues they are facing, the person may not recall these conversations and the various discussions of what they will need to sell or who will take charge of the final distribution and including the clean out of the property when the sale is concluded.

Important for all parties, especially the family or relatives and the estate sale company is to have a contract that covers all aspects of the sale including final disposition of any remaining articles and the pay out of the net proceeds and who will receive these funds. The contract should be signed and initialed by all parties involved. If there aren’t any younger family members involved you may want to have an attorney present or signing off for the protection of the family member and the estate sale company. If so this should help avoid future issues of the selling of personal property contents. The need for an attorney is not always necessary, but this is another benefit of meeting with the future prospective client. *Please note Estate Sales News and the editor is not an attorney and we do not provide legal advice. Please seek out an attorney for legal counsel. The information presented here are recommendations only.

A brief check list.

Be sure to have at least one or more family members or friends present at each discussion and contract signing. They should be the responsible party for their relative and their signature and initials should be present on each page of any documents signed.

Copies of contracts should be kept be each party involved.

Any items that are not to be included in the sale should be clearly written on an addendum, that is initialed and signed by all parties.

The family or responsible party for the ill individual should be the contact person and  this should permit the estate liquidator to conduct the estate sale agreed to by the parties in the contract.

Caring and providing emotional security is in the hands of family and friends, however, estate liquidators are compassionate and do their very best to work with responsible parties within the confines of the signed contract.

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What’s Selling At Estate Sales This Week – Collections

There are a variety of collections for sale at estate sales both public and online.

All About Estate Sales is selling off a large collection of copper and brass. Click here for a link to their company.

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In Kirkwood MO this weekend, Paint and Patina Services LLC has a sale with many collections one of which is china shoes. Click here for a link.

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In Bradenton, FL starting today Palma Sola Appraisals and Services is conducting a sale including a large collection of Llardos. Click here for a link to the sale.

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ThrowBack Thursday For Estate Sales – Victorian Silver Plate Biscuit Barrel

Slide1Very few if any will remember these. In the days of Queen Victoria the Victorians had something for every purpose – useful or decorative.

Here is an English silver plate biscuit barrel. Ornate, hallmarked (provides manufacturer and approximate date) and useful.

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Minimalists, Millenials – How They Affect Estate Sales

Baby Boomers are retiring and downsizing and that has encouraged and helped to enlarge the number of estate sale companies. Most boomers came from depression era families that had very little. There is a small majority of boomers whose parents were affluent and acquired an abundance of items.

Today’s current generation – the millenials who are individuals born between the early 1980s and early 2000 grew up in the homes of many baby boomers. They are now in the process of making their lives more simplistic – less is more!

Josh Sanburn of Time wrote an article March 12, 2015 entitled Minimalist Living: When A Lot Less Is More. It addresses some of the reasons to declutter. Click here for a link to his article.

As Baby Boomers, many of us have a vast array of collections, some good, some not so good. Our parents kept and collected what they could as so many went without during the great depression in the late 1920s and into the mid 1930s.

Millenials are also following furnishing trends from magazines to television shows. Shows such as Love or List It, Property Brothers, and others not only renovate properties, but also provide “new” furnishings to most properties eliminating the idea or need of second hand or used furnishings. They project a slim line, well coordinated look. Table tops are free of everything including family photos, and anything that might be construed as clutter.

Generally speaking Victorian and Edwardian furnishings and antiques (except the very rare or odd) have lost value because they have lost their market in many places across the country. A marble top Eastlake piece that might have sold for $800-$1000 5-10 years ago may only bring $300-$400 if that in most major metropolitan markets.

What is referred to as brown furniture that was made in the 1920s, 1930s, and 1940s is now seen as simply “brown”. Finding dealers that repurpose older pieces (whatever they may be) is helpful, but the prices will not be what they once were.

Looking at sales on eBay and other online sites provide good examples of what is taking place in the current market place. Mid Century Modern has replaced most of the above furnishings and greatly affected prices.

When you meet with an estate sale company and they give you their professional informed opinion about value, it isn’t personal. It’s about the world changing and the generation that is buying today.

Speak with estate liquidators about what is selling in your area. Estate sale companies want to get you the highest possible price for your items to satisfy you and achieve financial success for both of you. Don’t take it personally.

Here are a few pieces that have become more difficult to sell. You’re not alone. Let the professional estate sale company do their job. They are your local market specialists.

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Estate Sale Staging Or Set Up Stimulates Sale Results

Staging an estate sale or setting up can dramatically affect the results of the sale once buyers enter the property. Of course excellent marketing, pricing, and sale management is also important.

This past weekend in Arcadia, CA, Howe Estate Sales (owned by Parker Howe) held a two day sale that successfully liquidated the contents of a 5,000 square foot estate. To view the sale visit Howe Estate Sales by clicking here. Staging an estate that was packed with many collections and items and required over 30 plus tables for display helped to enable buyers to see and choose their purchases easily and quickly.

We present some of the photos of this very well staged sale.

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So many of the estate liquidators across the country stage well and we hope when you are choosing a liquidator you take this into consideration. The difficulty does come in when you have a hoarder house, but although it may not look like this it still can be managed.

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Estate Sales Are Not Garage or Yard Sales – Know The Difference

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There are so many sales going on this July. It may be record breaking. Understanding about a garage and/or yard sale and estate sale is paramount if you are planning on buying at anyone of the three.

Garage sales and yard sales are typically run by the owners of the items they want to sell. The majority of people are simply looking to rid themselves of unwanted or older items that may or may not be wanted or working. Most owners price to sell in one day and will be willing to negotiate immediately. There are specific sites that list garage/yard sales. The owners are not usually knowledgeable about prices and items so you may find an occasional treasure. Their concern is to clear the stuff out.

An estate sale, however, is quite different. The conductors are almost always professional estate liquidators with knowledge, experience, and the ability to market, stage, research (if necessary), and price the items. They are usually conducted for two to four days although more estate sale companies are selling for at least three days. The majority provide signs to let you know the terms and rules of the sale. It is a mistake to walk into a professionally run estate sale and expect a discount on day one. The estate sale company is working for a seller who chose them and they have a fiduciary relationship with the sellers. They have priced the items based on current market trends and conditions.

When attending an estate sale look for signs that explain their policies. Listen carefully to announcements before the door opens for the first time if you are waiting in line. If you have a question about an estate sale email or call the company if they indicate on their website or the website with the estate sale listed on it if they will communicate with you.

Yard sales and garage sales are run by amateurs and are clean outs. An estate sale is very different and knowing the difference can affect your success.

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Estate Sales In The News – Widow of Movie Actor Jack Albertson

1There are many news worthy estate sales this week. We begin with the estate sale of Wallace Albertson, conducted by Again LA Estate Sales starting Thursday, July 16 – July 19 in West Hollywood, CA. She was the widow of actor Jack Albertson who was a star of Vaudeville, Burlesque, Broadway, Television and Film. Jack Albertson was older than his wife and passed away in 1981. His wife Wallace was an activist for several causes including Womens Strike for Peace, the LGBT community, a trustee of the Vincent Price Art Museum, was a producer in her own right, and involved in many other groups and activities. For more information on this fabulous estate sale and this remarkable woman click here .

thumb_1433207480_20150601_101350Also starting this Thursday, July 16th – July 18th in Ft. Worth, TX conducted by J & S Estate Sales of North Texas is a “jaw dropping sale” filled with antiques, rustics, primitives and more. To view more about this sale click here.

 

 

These are just two examples of the estate sales across the country. To Find others click on the links below.

Estatesale.com

EstateSales.Net

EstateSales.org

When you attend estate sales please let the estate sale company know you read Estate Sales News. You can follow us on Twitter, like us on Facebook, Google+ or Pinterest.

 

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Vintage And Antique Post Cards – ThrowBack Thursday

Slide1Today we look back at vintage and antique post cards. They became popular in the early 1900 hundreds and were black and white photos or hand colored. They showcased towns, buildings, sports, advertising and more. Click here for a link to Collectors Weekly for a great overview of these highly collectible “time capsules”. You can find post cards like these at many estate sales and even auctions.

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Social Media – Facebook, Twitter, Google+ LinkedIn – Estate Sales

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More estate sale listing websites are launching, offering everything from listings of estate sales, online auctions, auctions, and estate and auction companies. They are offering services with a variety of options including letting them help you find an estate sale company. These are good places to start, but there are other websites to be considered.

If you belong to social media of any kind; Facebook, Twitter, Google+, LinkedIn, Pinterest or other websites use their search capabilities to see what companies and sales may be advertised on them.  A company LinkedIn page could provide information on your brand and services.  They have a broad reach and it demonstrates the advertising expertise and marketing knowledge needed for success, not only attracting sellers, but attracting buyers.

Estate Sales News has a Facebook page and if you belong to Facebook we welcome you to join our audience. You will also find us on Twitter, Google+ and Pinterest.

Social media has millions of followers. You can find estate sale companies, estate sales, and groups with special interest, antiques, Mid-century modern, lighting, and many others.

Many estate sale companies don’t have their own websites and use Facebook to reach out across the country for buyers. Success can be attained in a variety of ways.

Whatever social media you use it’s one more tool for sellers, buyers, and estate sale companies.

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What’s Selling At Estate Sales Across the USA

earthEvery area of the United States has items that may or may not be the “hot and what’s not”.

Mid Century Modern seems to be selling just about everywhere at this time. Influencing what is in vogue are reality television shows, especially those that feature renovation and refurnishing. Another influence are magazines showcasing the Mid Century look.

In the last ten years we have seen Victorian furniture popularity flourish and then wane, the same with mahogany furniture from the 1930’s and 1940’s. In many areas of the country it is now referred to simply as brown furniture.

The furniture made between 1900 through the late 1920’s has also seen the same fate.

These trends also apply to household items as well, dishes, glassware, flatware, linens, lighting and even jewelry. It isn’t limited to just furniture. Even art is included although listed artists almost always have buyers.

Styles like hem lines and hair lines come and go and return in the circle of popularity with the generation that is buying for their home.

When selling for an estate or downsizing, the job of the estate sale company is to give you an honest opinion of what you have. If they don’t feel they can be of service look for another estate liquidator that can. Every company chooses their sales on different standards. Some like small sales or challenges, some will only take a sale that will bring in larger financial results. Everything depends on what they require for staffing, advertising, etc.

What sells in middle America may not be selling on the east coast or west coast or in the south. Keep this in mind and when speaking with estate sale companies ask them what the trend is in your community. They want your sale to be a financial success for all parties involved.

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