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 »

 

Choosing an estate sales company – check out their website

Every estate sales company has their own way of doing things. One thing to watch when deciding on a liquidation company is their website. If you find a liquidator that you are interested in and they don’t have their own web presence ask them why? Not all estate sales companies use a dedicated site, they may simply list themselves on one of several estate sales listing services.

About the website consider is it easily found? Do they update their site weekly, monthly or not at all? After visiting a site were you more informed about how they operate, their history and what services they offer? Was the website professional looking?

Sometimes depending on what area of the country you are in a website may not be the best use of advertising, however, it has become extremely popular with estate sales companies that are very active and where the majority of the population utilize the Internet.

 

 

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Two weeks until the Estate Sales Conference in St. Louis

ConferenceLogo_horizontalTwo weeks from today I will be in St. Louis, Mo. attending the 2013 Estate Sale Conference being conducted by EstateSales.Net owned and operated by Dan and Micky McQuade. The conference is being held for estate liquidators and is 2 full days of lectures and covers many important topics for personal property liquidators.

I’m looking forward to the variety of speakers and their discussions and I will be conducting a telephone interview with Dan McQuade the end of this week in preparation for attending this conference.

 This is an exciting opportunity to meet with other personal property liquidators from all over the country, get their perspective on the business and their current markets. I’ll be blogging from St. Louis.

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facebook-logotwitter-bird-blue-on-whiteJust a quick reminder like us on Facebook and follow our tweets on Twitter. EstateSalesNews.com. Your estate sales resource. Information, news and national blog. Be informed.

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Downsizing – a liquidation sale may be just the ticket

Downsizing, a liquidation sale my be just the ticket. With the number of baby boomers retiring every day, boomers are looking to move into smaller homes, an apartment or condo. Downsizing is often a necessity and estate sales may be the answer.

Within 6 months or moving to smaller quarters? Now is the time to start looking at estate liquidators and conducting interviews.  The sooner you make a choice the easier the process will become. Downsizing can be stressful and having booked a specific date with an estate liquidator will help eliminate the anxiety.

Getting into decision mode as to what you want to keep and sell. Moving and choosing what to will need and part with aren’t easy. The sooner you start the process, the less stress you will feel. Hiring an estate sale company to work with will also make sure you get a date that will work to your advantage.

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Sales Tax On Estate Liquidations

MP900411753Sales tax on estate liquidations depends on the state. Each state has it’s own regulations about the collection of sales tax at estate sales.

Florida and California require an estate liquidator to collect sales tax unless you possess a valid resales tax number. In Maryland they require sales tax as well, however, if you possess a resales tax number and your purchase is under $200.00 you still pay sales tax. Then apply to the state of Maryland to have it refunded. Purchases over $200.00 with a resales number do not require sales tax collection. In New Jersey they do not collect sales tax on estate liquidations.

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Smart place to purchase – estate sales

Featured on MSN money yesterday was an article about making seven smart purchases at outlet malls. It points out that not all deals at a shopping outlet will save you money. However, shopping at an estate sale is a thrifty way to purchase everything from furniture, designer clothing, housewares, linens, and even cars and jewelry. Keep in mind that most estate sales purchases are “as is” and most professional estate sales companies will not allow returns – all sales are final. But buying at an estate sale can save you hundreds or even thousands of dollars depending on the item. Gold and silver jewelry is usually priced by weight unless it is designer made, and just like new cars that drop in price once they leave the showroom floor this is usually the case with furniture even when it is only a few months old unless it is an antique or high end designer piece.

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Thursday – time to look for this weekend’s estate sales

Whether you are looking to hire an estate sales company or looking to attend an estate sale this weekend today is the day to check out the many sources on the Internet for estate sales listings in your area. You might also want to check out your local newspaper. Many estate sales start on Friday while some start on Saturday, but Thursday is usually the day that the public will learn what sales are taking place, where, and what the time is for the sale.

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Firearms – can they be sold at an estate sale

The sale of firearms at an estate sale is under the laws of the state where the sale is to be held and the ATF (Bureau of Alcohol, Tobacco, and Firearms).

We have provided a link with some general information. We recommend you contact a licensed firearms dealer in your state.

http://en.wikipedia.org/wiki/Gun_laws_in_the_United_States_by_state

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Sequestration – will it effect you?

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.

 

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Welcome to Estate Sales News!

Welcome to Estate Sales NewsWelcome to EstateSalesNews.com. We hope you will find the answers to your personal property liquidation questions here and become a well-informed consumer.

What was a very small cottage industry 20 years ago has exploded into a large entrepreneurial business.

Estate liquidations are used for settling estates, divorces, downsizing, moving to assisted living, foreclosures, or just to declutter.

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