Search Results for: estate sale contracts
Estate Sales News spoke to Richard Stempien of Certco Estate Sales of Traverse City MI today about the estate sale of 1000’s of vintage clothing items from the 50’s and 60’s he and his wife Pat are running starting tomorrow August 9,10,11, & 12 in Traverse City, MI.
Richard said “the owner of all of the items in this sale started buying 13 years ago and was an internet seller. She decided to retire and travel so we are liquidating her vintage stock of 1100 dresses, 70+ wedding dresses, 500 purses, 300+ pairs of shoes, 100 hats along with a closet filled with men’s Hawaiian shirts, and a rack filled with men’s hunting apparel”. He told Estate Sales News that the majority of clothing is from the 1950’s and 1960’s. He went on to say ” one room is filled with just children’s items from the 50’s and 60’s. There is a closet filled with lingerie, boxes of sewing materials and so much that many items are still in boxes awaiting display space”.
Richard and Pat started their business 30 +e years ago and having been serving the people of Michigan since 1980. CLICK HERE FOR A LINK to this unbelievable vintage clothing sale on EstateSales.net
From California to London we have received so much interest on this Full House Liquidation estate sale we have put up the FOX News video for you to look at today. Different views from the NBC video.
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.