What is an estate sale?

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

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?

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

Estate Sales Costs

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

2014 Was A Big Year For Estate Sales – Happy New Year and Welcome 2015

2015-fireworks-art-word2014 saw a huge growth in the estate sale industry. When the year started there were approximately 5,000 estate sale companies and by today December 31st the number has grown to almost 7,000.

Almost every area of the country saw growth. The metro areas saw the biggest increase.

During 2014 many changes took place including laws pertaining to the sale of ivory, endangered species, and migratory birds.

In many areas estate sale companies opened consignment stores and included online auctions in their repertoire.

A second estate sale conference was held in Memphis, TN by EstateSales.Net and 2015 will see a third conference in Chicacgo at the end of June.

Estate sale listing websites greatly increased their capabilities. These websites that started out as places to list estate sales and estate sale companies now offer everything from online auctions, routing to an estate sale, to how to choose an estate sale company. Even other new estate sale listing websites were formed.

Educational opportunities abound and the number of companies that teach how to work with senior citizens and the elderly also increased.

All in all 2014 has been quite a year and here at EstateSalesNews.com we have tried to provide coverage, news, and a source for sellers, estate sale companies, and buyers.

We wish you all a Happy New Year. May it be healthy and prosperous.

 

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Chicagoland Estate Sale Companies Gather To Network And Share Lunch

In today’s very competitive estate sale world the idea that a group of Chicago area estate sale companies could plan, connect, and sit down to lunch to network and get to know each other better is outstanding and that is exactly what took place yesterday.

To understand how unique this first time lunch was it is important to note that currently Chicago has over 150 estate sale companies. Some have been in business 25 plus years and others less than a year. This was just a portion of the companies operating in and immediately around Chicago.

They shared their knowledge on a variety of topics and they hope to be assisting each other in many ways.

What stands out to your editor is that they wanted to spend time getting to know one another and share their knowledge and experience on a variety of subjects. There are many areas across the United States that are serviced by 100 plus companies service and it has become more than competitive. These companies want to showcase that they are to quote one of the attendees “building a strong network of good well run companies and this is a start here in Chicago”. They hope this is just the first of many networking lunches.

It appears that some other areas of the country are considering following the estate sale companies networking idea in Chicago.

This is great news for perspective estate sale sellers and buyers. Networking and friendship leads to respect and better service for all.

Chicagoland Estate Sale Companies

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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”.

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Merry Christmas To All

May all the joys and blessings of Christmas and this holiday season be yours.

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Estate Sales News 2014 Year In Review – What We Have Learned & Shared

Slide1With Christmas eve less than a week away Estate Sales News wants to look back at what was under the tree this year for us and our estate sale going audience. This truly is a labor of love and we have enjoyed all the opportunities it has presented.

In February 2014 Estate Sales News flew to Memphis, TN to report on the 2014 Estate Sales Conference sponsored by EstateSales.Net and we were a guest speaker at the conference discussing the basics of the estate sale contract. Since late February we have presented many articles on this most important topic and answered numerous requests from sellers and estate liquidators for more information, keeping in mind we are not an attorney and we do not give legal advice.

We have been to California on several occasions to report on a variety of estate sales including one with the crown of a granddaughter of Queen Victoria, a massive sale of multiple collections from a National Geographic photographer and Indian Agent from the 1920’s to name a few.

We have also covered two estate sales (one including an auction) in Michigan. A fantastic collection of Mid-Century Modern furnishings, Jensen sterling, art glass, and more in Midland and another sale that included a large taxidermy auction in Portland, MI.

We had the delightful pleasure of visiting with Judy Martin, nationally known appraiser and estate liquidator at a fabulous sale in a Chicago suburb who provided great information about the estate sale industry and what’s selling as well as her sale for a famous Chicago artist.

Along with our travels, we have interviewed several estate sale companies across the country with unique sales, spoken to the owners of several national estate sale listing websites about the changes they are making to their websites to meet the increasing needs of a rapidly growing liquidation industry and the evolution of the estate sale business.

One of our larger projects this year was writing about How To Choose An Estate Sale Company. We covered in depth what to look for as well as providing a printable list to assist you in the process of finding and hiring an estate sale company.

Estate Sales News has featured articles on the sale of ivory, sales tax, inheritance tax, as well as featured guest articles from Julie Hall, nationally known owner, director of the American Society of Estate Liquidators (ASEL), Lofty.com (a new way of liquidating items that may not be a perfect fit in an estate sale) and of course we have produced many videos from estate sales and liquidation specialists and appraisers.

We have also been been included as a resource by EstateSales.Net for the 7,000 companies listed with them and shared our information with ASEL and other online resources.

Along with good news we have reported on some estate liquidation companies that were not typical of this great industry.

Majolica, gesso, and ormolu were some of the educational topics we wrote about.

We have featured a ThrowBack Thursday feature for most of the year.

Our thanks to EstateSale.company for sharing interesting articles from their collectors corner.

It’s been quite a year at EstateSalesNews.com and we thank everyone mentioned above along with all those who have assisted us in providing a free service to sellers looking to hire estate sale companies, buyers, and estate liquidators.

As the Editor and writer for EstateSalesNews.com it is with great pride to share this overview of some of what we have provided to our audience.

We will be taking some time now to spend with our family for this Christmas season. Please feel free to look into our nearly two years of archival information.

From our house to yours EstateSalesNews.com wishes you a Christmas of joy and happiness the blessings of family and friends.

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Happy Hanukkah – The Festival of Lights – Season of Hope For All

Estate Sales News would like to take this time to wish our Jewish audience and community a happy celebration of the lamp that burned 8 days instead of 1.

photo-56May the light of your candles burn brightly and the hope that it brings shine light in your life and the lives of your loved ones and family.

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Cash Short For Christmas – Shop At An Estate Sale, But Not Just To Save Money

presentChristmas is a very stressful time for many families. Parents who have been laid off with children, senior citizens on fixed incomes with grandchildren, siblings, and many others.

We usually suggest shopping at an estate sale to save $$$ and we still do, however, estate sales offer more than that.

If you have limited to little funds take a big step when you walk into an estate sale and ask to see the manager or owner of the estate sale company. Don’t be afraid to let them know you are looking for items of very low cost that can be a token to a family member or child. Most estate liquidators have big hearts and will point out some areas or items that may fall within your budget.

Remember it isn’t the gift, it is the thought and/or love that accompanies it. Estate liquidators have families too and most will understand. Some may have even been in your position a few years ago. Big hearts are everywhere.

Making friends with your local estate sale companies can be helpful throughout the time you are facing financial dilemmas. If you need something to assist your family ask them if they will let you know about any sales that might have what you need. This is not to suggest that they will give it away (remember they are working for a seller), however, the majority of estate liquidators started in this difficult business to help others.

There is one weekend left now before the holidays, so although you may want to hesitate, don’t. Step inside, smile, and talk to your local estate sale company.

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Christmas 2 Weeks From Today – Estate Sale or Not? ThrowBack Thursday

Vintage ChristmasThis is the last weekend before Hannukah and two weekends before Christmas.  The decision whether to run estate sales at this holiday time is a tough one for estate sale companies.

The area you are located in, the retail shopping available to the community is a consideration. Another concern is how does your staff feel about working so close to the holidays. Each company must make their own decision, but a word of advice to estate liquidators, especially newer ones in the industry, ask them. A cheerful smile and a happy tone in their voice helps create sales. If they are tired or feeling remorse about not being able to share in pre-holiday family events can add frowns to faces and even make some people cranky. This time of year can be stressful for many and hopefully you have give consideration to this before accepting sales. You also want to consider the results your clients may expect.

Again it depends on what part of the country you’re in and the community as well.

Be sure to check out our new additions to our Christmas and Estate Sales Pinterest Board.

** Please share us with your friends and let estate sale companies know you read EstateSalesNews.com.

 

 

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Changing Trends in Decorating Often Determine What’s Hot & Not At Estate Sales

What’s in vogue for home decor plays a large part in what is selling at estate sales.

About ten years ago anything from the Victorian era was a guarantee sale. Marble top dressers, tables, silver, silverplate, floral and animal oil paintings, and all the various decorative accessories that Victorians liked to use. Middle and upper class Victorians had something for everything and left few spaces on table tops and walls. Most of the wood used was medium to dark in color and in many instances was black. Items as decorative as dining table top folding screens, velvet covered boxes for gloves, etc. were all part of their decor.

A few years after that came the 1930’s & 1940’s mahogany furniture period. Bedroom sets, dining room sets, and end tables were extremely popular. Items like dressers, chest of drawers, dining tables, and chairs were reproduced the in styles such as Duncan Phyfe, Chippendale, Sheraton, and others dating from the 18th century.

Also popular not long ago was the Art Deco period with waterfall style chests and a sleek streamline in furnishings and even barware (vintage Farberware for instance used for cocktail shakers, martini glasses, and even coffee pots).

Shabby Chic was hot not long ago. Just 5 years ago or so, rusty iron pieces, peeling paint, crackled wood, and items that showed their age and wear were or could be distressed to give this appearance.

Today Mid-Century Modern is the hot seller at many estate sales across the country. EstateSalesNews.com recently covered a large estate sale filled with collections of Mid-Century Modern in Midland, Michigan.

Another look that is popular is the minimalist look where furnishings are reduced to just necessary elements.

Every area of the country has a hot and what’s not trend, but estate sale companies keep informed on what’s selling in their area and can and should showcase any of those items if they are in your sale. It is an important way in attracting buyers to your sale. Knowing what’s selling and being able to project possibilities of items that may not be the most in fashionable right now is just another hat that the experienced estate liquidator must wear.

For more information we suggest you visit Wikipedia for more detailed information on the various decors we have discussed. You can also Google them.

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Identifying Fake Roseville Pottery – Informative Article From Estatesale.company

From the Collectors Corner of EstateSale.company Jackie Fimbres wrote an in depth look at identifying fake Roseville pottery from the genuine. Made in Roseville, OH this pottery has seen ups and downs in popularity, but is still a prized collectible pottery today.  To learn more visit Estatesale.company via the link below. Knowledge empowers. Enjoy

Slide1Estatesale.company – Identifying Fake Roseville

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