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 »

 

Where Does Estate Sale Experience Come From?

Time to ask the question where does estate sale experience come from?

More organizations, associations and societies are entering the estate sale field.

The question arises, where do they get their expertise in the estate sale field from? Some of the owners of estate sale companies are members of appraisal organizations such as ISA, CAGA or ASA. They have completed courses of study by these associations. Have met their requirements including experience, years in the business and a code of ethics and professional conduct they adhere to.

Many estate liquidators started out as helpers or apprenticed at estate sales. A great way to acquire knowledge about personal property, antiques, and art.

Others have taken courses such as the Fine Art course offered by NYU.

Each of these estate sale associations, societies and organizations has written their own code of ethics. There isn’t a national code of ethics or a state code of ethics.

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Barber Shop Liquidation In Essington Pennsylvania

Grasons of Delaware County is conducting a barber shop liquidation in Essington Pennsylvania.

The estate sale starts on Friday, September 16th.

Included in the sale are two barber chairs, vintage straight razors, barber supplies. A Russian stamp collections, fishing rods, reels and lures, old postcards, old radios and old cameras. A 1950’s kitchen table with self stored leaf and 6 chairs are just a few of the items up for sale.

Here is a link to this sale.

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Sales Tax State By State – Does Your State Charge Sales Tax At Estate Sales

 EstateSalesNews.com is providing the sales taxes charged by the 50 states.  Not all states charge sales tax on estate sales. It depends on the county, city or town. Check with your state to learn if your state requires sales tax be charged at estate sales. Do not expect cash payment to evade paying sales tax. Retail stores charge it and states are alert to estate sale companies failing to charge it.

Currently there are only 4 states that do not require sales tax at estate sales.

Be kind to the estate sale company. They are doing what is required and this is extra paperwork for them that they are not compensated for.

Alabama 4% – 12%, Alaska 0%, Arizona 2% -6.6%, Arkansas 6.5%

California 7.5% -10.0%, Colorado 2.9% – 8.0%, Connecticut 6.35%

Delaware 0%, District of Columbia 5% – 7.5%

Florida 6% – 7%

Georgia 4% – 6%

Hawaii Gross receipts and use tax 4% +

Idaho 6.0%, Illinois 6.25% -9.0%, Indiana 7.0%, Iowa 6.0% -7.0%

Kansas 6.15% – 11.15%, Kentucky 6.0%

Louisiana 4.0% – 9.0%

Maine 5.5%, Maryland 6.%, Massachusetts 6.25%, Michigan 6.0%, Minnesota 6.0%, Missouri 4.225% – 9.6%, Montana 0%

Nebraska 5.5% – 7.0%, Nevada 6.85% – 7.25%, New Hampshire 0%, New Jersey 7.0% enterprise zone 3.5%, New Mexico 5.0% – 8.8625%, New York 7.0% – 8.75%, North Carolina 4.75% – 7.0%, North Dakota 2.0% – 7.0%

Ohio 5.75% – 8.0%, Oklahoma 4.5% – cities 7.5% – 8.5%, Oregon 0%

Pennsylvania 6.0% Philadelphia 8.0%

South Carolina 6.0% – 10.5%, South Dakota 4.0%

Tennessee 7.0% – 9.25%, Texas 6.25% – 8.25%

 Utah 5.95%

Vermont 6.0%, Virginia 5.3% – 6.5%

Washington 6.5%, West Virginia 6.0%, Wisconsin 5.0% – 5.5%, Wyoming 4.0% – 7.0%

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Estate Sales Versus Overstock And Wayfair

Why buy at estate sales? With Overstock and Wayfair and the ability to order on line they offer the convenience of shopping from your couch. However, nothing compares to hands on.

Buying at an estate sale allows you to thoroughly look over the items you wish to purchase. It also allows you to measure for fit or size.

Kitchenware, dishes, glasses, and linens are available at most estate liquidations.

When you buy at an estate sale you take the item home that day in most cases. You also do not have the opportunity to return items, as sales are final. The ability to look over your purchases closely before buying does allow you to avoid regret later.

Garden tools, yard maintenance equipment, even potted plants can be purchased at estate sales.

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A Special Estate Sale Weekend, Stand Up To Cancer And 9/11 Rembered

This is a special estate sale weekend. Estate sales will be taking place all over the country. However, tonight is a CNN telethon Stand Up To Cancer and on Sunday we remember and mark the 15th anniversary of American’s worst day – 9/11.

So many estate sale companies have had staff affected by cancer. Even your editor 20 years ago had cancer. Please take some time tonight and donate if you can to the CNN Stand Up To Cancer Telethon.

On Sunday 9/11 we will remember the 15th anniversary of the attack on New York and Washington when almost 3,000 Americans were killed by terrorists. Our world was forever changed. Including how we do business and the way we take notice of people and our environment.

EstateSalesNews.com will pause at 8:47am on Sunday when the north tower was struck. We were 10 miles away that day and it has forever changed us.

We wish all estate sale companies success this weekend. Please remember our service members who keep us safe and make possible our free economy. We also pause to stand and remember the families and friends of those lost that day. So much to remember!

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Cool Things At Estate Sales This Week

Another week of 1000’s of estate sales. Here are some of the cool things at estate sales this week. Across the country something for everyone. Street rod, German clock, Rookwood.

In Pasadena, Maryland by Redheads Auction and Estate Sales.

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In La Canda, California by Crown City Estate Sales.

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In Montgomery, Illinois Estate Sales By Sue

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To view estate sales this week visit the following estate sale advertising websites.

EstateSale.com

EstateSales.org

EstateSales.net

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“Family Says Final Farewell To Their 1950’s Homestead” Estate Sale

Danny Triplett owner of Full House Liquidation spoke with EstateSalesNews.com and provided today’s headline “Family Says Final Farewell to Their 1950’s TIA-Adjacent Homestead”.

Here is an excerpt from Danny’s article.

“Full House Liquidation will be conducting an enormous farewell estate sale on the Jessen family’s TIA-adjacent property, coming up Sept.8th=11th at 5014 N. Hesperides St. in Tampa.

It’s located located adjacent to Air Cargo Rd, right up against Tampa International Airport. The family has been here since back in the 1950s when it was Drew Field.

Now as Drew Park, with mostly industrial type businesses, the family homestead is one of the last of an era, that will soon be gone.

As the family members passed away over the years, and others moved out of state, two of the brothers chose to stay on their family property for decades, and continued to live there together as bachelors up into their seventies.

Both were engineers, who enjoyed racing cars as a hobby. One was an architectural engineer for a local archtiectural on Howard Avenue and the other was a mechanical engineer for a big food processing company here in Florida.

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Celebrating Labor Day

For most Americans this is a weekend to celebrate the fruits of our labors and take some time off. Let us not forget those who cannot take time off. Our military, hospital, firemen, police, and emergency response personnel and those in the transportation industry. EstateSalesNews.com is also enjoying this labor free weekend. You can find hundreds of articles in archives just type what you are looking for in the search box. If you are in the path of Hermine stay safe and we will be back Tuesday.

labor-day

From EstateSalesNews.com. Your #1 source for estate sale information, tips and news.

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Collection of vintage Sunbeam Mixers At Estate Sale

Collection of vintage Sunbeam mixers at an estate sale in Perrysburg, OH.

The estate sale starts today conducted by Ft. Meigs Estate Sale and includes a collection of vintage Electrolux vacs too.

Our throwback Thursday for September 1st, 2016.

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Understanding The Estate Sale Process

Understanding the estate sale process is very important as the liquidation business continues to grow.

Estate sale companies cannot commit until they have seen everything you are selling. The company needs to decide if there is enough in the sale to make it profitable for them.

Estate liquidators have many expenses such as insurance, staff, supplies, security and the time needed to prepare the sale. Liquidators have to include their advertising costs to compete with the growing number of estate sales.

Sellers hiring an estate sale company should recognize that they have a multitude of expenses. Working to create a successful sale for you to the best of their ability requires knowledge and marketing experience.

Estate liquidators also need empathy in many cases for clients.

A strong estate sale contract that protects and explains the estate sale company obligations and the sellers obligations is very important in the process. Many estate sale companies have their contracts prepared by attorneys.

The estate sale company may have a membership in associations such as the NAOEL. These associations and societies charge a fee to join and a yearly fee for membership. They also provide education that they charge the estate liquidator for.

The estate sale company incurs the cost of excepting charge cards. Fees are accessed and each company decides whether to charge them to a seller or absorb them. This may be part of their commission. Each estate sale company is different.

Sellers should understand what is required to prepare and conduct a sale. Reviewing the estate sale process with any estate sale company you are interviewing is important to avoid future misunderstandings.

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