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 »

Estate Sales Friday – What You Can See And Learn

Estate Sale signEstate Sales News has received many comments on our part one interview with Judy Martin, ISA, CAPP. Our dialogue will continue with Judy on Monday where she takes us on a tour of the home in Morgan Park Chicago. It should be pointed out that this sale was in the process of staging, cleaning, and hadn’t been priced. It provides a good perspective about the work it takes to prepare for an estate sale.

When you walk into an estate sales today take the time to look around at how it’s been staged, whether the items have been cleaned, and if the electronics have been tested. Remember that the items sold at estate sales are usually sold as is and most estate sale companies have a no return no refund policy.

There are thousands of estate sales across the country starting today. If you’re looking for items, this is a great source. If you are interested in having an estate sale and finding a liquidator go check out your local sales to see how they are handled and who impressed you.

Judy Martin’s video on Monday.

If it’s Friday, it’s estate sales.

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Video Interview Judith Martin, ISA, CAPP About Estate Sales

Estate Sales News traveled to the Morgan Park section of Chicago on Tuesday to meet and speak with nationally Judy Martin, a certified appraiser ISA, CAPP, long time estate liquidator and owner of The Perfect Thing, a high end consignment shop in Wheaton, Il. She is a Director of the ISA (International Society of Appraisers) past president 2009-2011, she was a lead instructor for them as well.

Next week she will be conducting an estate sale in Morgan Park for the estate of Jack and Marjorie Simmerling. Jack Simmerling was a well known Chicago artist and he and his wife had many interesting collections. Here is part one of our interview.

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Learn About Estate Sales – Estate Sales News Your Internet Source

Yesterday when I went to the hair salon I was waiting for a shampoo and a lady sitting next to me over heard my conversation about today’s trip to Chicago to cover an estate sale.

The woman asked me what I did and how I was involved. When I explained to her that I was the editor of Estate Sales News, an online source to learn about estate sales, what they are, the process, how to find and hire an estate sale company, etc. she said do you have a business card?

She proceeded to tell me about two different friends. Different circumstances and locations, but both of them had homes filled with personal items and they needed to sell the contents off. One had just gotten divorced and the contents were part of her settlement, the other needed to drastically downsize.

Estate Sales News is not a site listing for estate sale companies or estate sales, but we do provide you with the information about what an estate sale is, where to look for estate sale companies, what to look for in an estate sale company, interviewing, the estate sale process, how they price, security, and many more facets of the estate sale industry. EstateSales.Net, the largest and oldest estate sale listing site has us as a resource for estate sale companies listed on their site.

Recently we have had estate sale companies contacting us about how to find insurance, the clean out process, marketing, and a host of other topics of benefit to them.

If you are looking for information about estate sales, news about the estate sale industry and of course news worthy estate sales we hope you’ll find it here or contact us at contact@estatesalesnews.com

Back from Chicago later today.

 

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Estate Sales News Will Be In Chicago Tomorrow With Judith Martin

Judith Martin, ISA CAPPTomorrow Estate Sales News is traveling to Chicago to interview and visit nationally known ISA appraiser Judy Martin. We had the pleasure of meeting Ms. Martin at the estate sale conference in St. Louis in 2013. Her article on USPAP always available here on EstateSalesNews.com

Judy and Kate Martin are the owners of The Perfect Thing, an upscale consignment boutique in Wheaton, IL and also conduct estate sales and appraisals.

We will be visiting them in Morgan Park, the historic Chicago Home of for the upcoming estate sale of the collections of John (Jack) and Marjorie Simmerling. Jack Simmerling was a well known Chicago artist.

Here is a video done last year for Windy City Live with Judy. We will have more on Judy and this fascinating sale upon our return from Chicago.

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Professional Estate Sale Liquidator Keeping A Watchful Eye

Estate Sales NewsEstate Sales News learned recently of an estate liquidator whose alert staff may have prevented a possible theft. We spoke with this liquidator for permission to write this article on condition of anonymity.

Several weeks ago an estate sale company was conducting a sale in a multi-story home. With a cashier at the front door for check out and staff on the first and second floor the owner of the company had gone down to the basement to check out the progress of the sale there.

The was no one waiting at the check out and so the cashier peered out the front doorway of the home for a look at the weather. What she saw was shocking. When she looked up to see the sky she saw a customer tossing out a comforter from a second story bedroom window. She immediately called to her boss in a non-panicked voice and the estate sale owner went outside to find a man waiting in a vehicle. The customer still in the home was putting some other items together on a shelf. The man in the vehicle assured the estate sale owner he had the cash to pay, however, that was unacceptable to the liquidator and he took the item back into the home. He then located the other customer and informed her that she was to leave the sale immediately and he escorted her from the home to the waiting vehicle. The two individuals protested, however, the estate sale liquidator informed them to leave immediately and not show up at any of their sales again.

This is a very general description of what took place. The important scenario here is that an alert crew, and a professional knowledgeable liquidator dealt with what could have become a very difficult and costly problem.

If you are looking for an estate liquidator be prudent and ask them how they handle security and what they do if there is a problem. It should be noted that without unquestionable proof of theft this was the best solution to the problem. This liquidator did get side photos of the individuals involved and a license plate photo and shared this with his local fellow liquidators.

A professional, experienced estate sale company will do everything possible to protect your personal property.

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What Are You Buying At Estate Sales? What You Should know

A writer from the Huffington Post earlier this year wrote an article about the five items you should buy at an estate sale and three items you shouldn’t.

The big items they said you shouldn’t buy are large appliances. Their explanation was because you can’t test them.

Many estate sale companies test electrical appliances before they are sold. Unlike buying a new appliance they rarely come with a warranty and are usually sold as is, however, most liquidators will let you test the appliance for that reason. They cannot control how you move the appliance or the way it is maneuvered into it’s new location.

One of the reasons it is important to have electricity at the estate sale property is to test appliances from toasters to washers and all in between.

We recommend that you decide in advance of attending an estate sale whether you want to purchase an appliance that will be sold “as is”. It could last 10 years or 10 hours. Most important is to understand that purchases at most estate sales are as is and final. The estate sale company does not have a history on most appliances so all they can do ask the seller and allow you to try it out.

Many a good buy is had at an estate sale so be a knowledgeable customer and know before your go.

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Understanding The Stresses of Moving Or Downsizing In Estate Sales

In today’s hustle and bustle world the stresses of moving or downsizing can be overlooked.

The estate sale company may have estate liquidations booked week after week, but it is important that they focus on each client and sale as they occur. Speaking with your chosen estate sale professional about any concerns you have early in the process can help eliminate your stress as the seller and any tensions that could arise later.

Sellers whether they are moving, downsizing or going to an assisted living residence require patient understanding from the estate liquidator. If you have concerns about the removal of the items you may be keeping prior to the estate sale company beginning their work be sure to share your concerns with them. The professional estate liquidator can often offer suggestions based on experience. Although they may have a full schedule, listening to your concerns is helpful to them, but keep in mind they have other clients to listen to as well.

If you are new to the estate liquidation business taking courses through an organization like CRTS (Certified Relocation Transition Specialists) can help you better understand and work with the needs of your clients.

Estate sale companies also have their own stresses to deal with. If you are conducting weekly estate sales and responsible for the clean out after the sale, you will need to have a crew working on the staging of the upcoming sale and a cleanout crew. If you don’t have a separate cleanout crew then you will require a reliable cleanout service to leave the property broom cleaned.

Communication between clients and estate sale companies is paramount for success for both sides.

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Estate Sale Friday, Last Shopping Weekend Of July

Estate Sale signAnother month has passed and even with extreme heat in the west, storms in in the central, south and eastern part of the country estate sale companies and estate sale buyers have persevered.

Both are a hearty bunch. Staging liquidation sales in properties without air conditioning, buyers waiting to enter a sale in the sunshine and heat or pouring rain.

Shop those estate sales, save $$$, help keep our planet green and have fun.

Have a great weekend.

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What’s Selling At Estate Sales This Weekend?

Here is a brief look at some of the items for sale starting today at estate sales around the United States.

antique wooden trunk

 

 

 

 

model ships

 

 

 

 

canopy bedold wicker chairs

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Check Out Time After Shopping At The Estate Sale

antique cash registerThis is always an interesting subject, because depending on what area of the country you are in everyone does it differently.

For example, in central Florida, many (not all) estate sale companies have you enter through the front door and exit through the garage where you will find the cashier(s) table set up usually under a tent with computer and cash register, along with credit card receptors of some sort. Again not all do this, but it seems to be the most favored way. It keeps the flow going through the property and prevents exiting with any unpaid for items.

On that topic we will switch gears for a moment and talk about what you can or cannot take into a sale. In many large metro areas (Orlando being one) most liquidators put out several signs in the front yard letting buyers know that they will not allow large purses or pocket books inside. You lock them in your car, take your keys, glasses (if needed) loop or magnifying glass and that is all. As you select the items you wish to purchase a staff member puts them aside and they will have you exit from the property to return with your bag and wallet. At that point you have finished your shopping. If you wish to return you again lock your purse in the car and start the process again. This is done to help eliminate theft problems. Not everyone uses or needs to use this method.  It is up to the estate sale company as they are responsible for protecting the items for sale. Buyers, please remember the estate liquidator is working for the seller, not for you and as professionals they are keeping their fiduciary with their client.

In other areas of the country, New Jersey, Maryland, Georgia to name a few you often enter and exit the same way, however the cashier is next to the entrance and you may expect to be asked to produce your receipt and have your bag or box checked. Again each estate sale company has their own procedure.

Keeping the flow of people going through the property orderly and protecting the items for sale is the concern of the estate sale company. If you don’t like their policy try another estate sale. They do not need to have your irritation or frustration to distract them from their assignment or cause other shoppers or the estate sale staff discomfort.

Sellers, when choosing your liquidator ask how they handle checkout and remember it depends on where you are located. There is no right or wrong way, it’s what works best for your benefit and theirs.

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