Search Results for: estate sale contracts
The Monday, April 29th issue of USA TODAY featured an article written by Janice Lloyd about another industry that is coming on strong – businesses that are packers, movers, decorators and counselors for helping seniors who are in transition either downsizing or no longer able to care for themselves.
EstateSalesNews.com published an article written by Erin Kurimay of Certified Relocation and Transition Specialists (CRTS) on April 11th addressing this subject. Here is the link
The recent estate sale conducted in Winter Park, Florida that we reported on by Creating Divine Order is an example of this trend.
With so many baby boomers coming of age this is a growing industry.
There are several appraisal societies and each one has certain criteria that members must meet. Some estate sales companies offer appraisal services, however, that does not make them appraisers. They may be experienced and knowledgeable, but belonging to one of these associations includes a code of ethics as well as specific appraisal education.
Here is a list of many, but not all Appraisal Societies and their websites:
International Society of Appraisers – isa-appraisers.org
American Society of Estate Liquidators – aseonline.org
Certified Appraisers Guild of America – certifiedappraisersguild.org
American Society of Appraisers – appraisers.org
Appraisers Association of America – appraisersassociation.org
If you believe you may have a need for a certified appraiser check out any of these associations and find an appraiser in your area.
The Uniform Standards of Professional Appraisal Practice (USPAP) is published by The Appraisal Foundation located in Washington DC. This document is re-issued every two years and is the guidelines for Appraisers and the users of Appraisals. USPAP involves real estate, personal property and business valuation.
The document is broken into nine parts. The first seven sections (Definitions, Preamble, Ethics Rule, Record Keeping, Competency, Scope of Work, and Jurisdictional Exception ) pertain to all those who use USPAP in their professional lives. The following sections are The Standards which pertain to the development of an appraisal and the reporting of the findings. The final section is the Statements which clarify, interpret, explain and elaborate the Standards.
All the parts of USPAP are important in an appraisers work. However, USPAP does not state how reports are to be written. The Standards only indicate what needs to be included in the report to be a USPAP compliant report.
One of the guest speakers at the Estate Sales Conference in St. Louis last week conducted by EstateSales.net was nationally known Appraiser Judith Martin ISA CAPP (International Society of Appraisers, Certified Appraiser Personal Property). Her lecture addressed appraising for estate sales and why an estate sales company might need an appraiser.
Ms. Martin has written a very informative and important article for Estate Sales News on USPAP and appraising that will be published here on Monday, April 8th, 2013. We are most appreciative for her time and expertise on a subject of major importance in the estate sales business.
To provide you with some background on Ms. Martin here is some of her information taken from the ISA website.
Every once in a while a good find is had at a sale, but having a knowledgeable estate sales company can sometimes prevent such great finds from being sold for just a few dollars. This rare Chinese bowl was purchased for $3.00 in 2007 and just sold at Sotheby’s for $2.2 million. The sellers remained anonymous. Here is the Huff Post link and video.
Sequestration may effect estate sales buyers and sellers in parts of the country where there are numbers of federal employees. Furloughs or unemployment can diminish proceeds and inhibit sales.
If you are not buying as an antiques dealer or reseller on Ebay disposable income influences your impulse buying. General household items prices eventually become lower with a smaller audience or tighter budget.
Of course not all areas of the country may see some of these changes. We’ll be watching for you.
Megan Feldman published an article in Consumers Digest in November 2012 entitled The Truth About Estate Sales. In the article she chronicles some of the serious issues that happened when some consumers hired some questionable estate sales companies. They appear not to have been informed on what to ask, look for and expect. That’s why Estate Sales News is here. To provide helpful information.
Not all estate sales companies are alike so choosing an estate liquidator armed with information can prevent many problems.
Here is a link to her article.