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 »

 

Estate Sales News from 37,000 feet heading to St. Louis

I’m on my way to St. Louis to report on the 2013 Estate Sales Conference starting tomorrow. So many topics will be covered in 2 days. Attendees. From 30 States. Watch for my blog more.

Hope your Monday is off to a great start.

Carol

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Video – New York City Estate Sale – great marketing tool

I recently came across this video on YouTube from Paul Dunn of an upcoming estate sale being conducted in New York City. This is a great way to attract customers for a high end estate sale and to showcase merchandise being sold in large homes or condos. Photos and videos play an important role in attracting the audience for a sale and they need to be well composed, in focus and have proper lighting showcase what is being sold.

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Sold for a few dollars Chinese bowl auctions for $2.2 million

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.

 

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Part 3 of Interview with EstateSales.Net’s Dan McQuade

Discussing the the estate sales conference:

ESN – Can you tell me about some of the topics and speakers at the conference?

Dan – Well our keynote speaker is Tony Ruesing an NSA certified speaking professional and his address will be all about customer service. This is what the conference is all about.

The other topics we have been working really hard on that we get questions about all the time is the ATF and Fish and Wildlife. You don’t want to have ATF roll up to a sale and shut them down for something they shouldn’t be doing so we thought they should hear it from the horses mouth. This way they know what is and isn’t ok to do and now since we started organizing the conference there are all the proposed changes to the gun laws.

ESN – What will define success for you and Micky at this conference?

Dan – The biggest thing will be if people ask if we’re going to do it again.

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Security 101 for estate sales

security lockOne of the most important concerns for clients having an estate sale or personal property liquidation sale is security.

When you interview an estate sales company be sure to ask what kind of security measures they take. Depending on what you have for sale, the amount of merchandise for sale and the area your sale is in will directly effect what an estate liquidator will deem necessary to secure your sale.

You should ask if they have showcases and can they be locked if necessary, do they have anyone poised at the door for after check out, do they have floor staff stationed in certain areas as well as floating staff to oversee what is happening with buyers.

Do they provide written receipts for buyers in case a door check is necessary when a buyer is leaving the premises.

Just a few things to consider. There is more we will discuss in the future. Remember, don’t be afraid to ask questions when you are conducting interviews with estate sales companies.

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Interview with Dan McQuade EstateSales.Net – part 2

During our interview Dan McQuade informed me that with the growth of Vintage Software, LLC in the last two to three years they have added people and they now have 17 employees plus Dan, Dot, Micky and Courtney McQuade.

We now started to discuss the upcoming 2013 Estate Sale Conference in St. Louis, MO March 26 and 27.

ESN – How did the estate sales conference concept originate?

Dan- We were sitting around brain storming as we frequently do  to help companies on the site. We feel that if we can help companies listed on our site it will always come back to us and the pay back is great because a company wants to stay with someone that is looking out for them and that’s what we do. We have companies calling every day with questions about what they can do for this or that and even subscribers that call and say they didn’t appreciate something a company did.

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Florida estate sales – some things you should know

Florida homeEach state has it’s own laws pertaining to estate sales. Today we’ll discuss some things to expect in Florida. Perspective clients for estate liquidators should ask about these topics to be informed.

The state of Florida requires the collection of sales tax by estate liquidation companies unless you possess a resales tax certificate which a buyer will need to present to the liquidator. Florida requires the liquidator to keep a copy of this certificate on file.

In many areas of Florida you will find signs posted in highly visible locations on the front yard of the home (or where there isn’t a front yard near the entrance) where the sale is being held letting buyers know that no purses or large bags can be brought into the home. This is a security measure for the protection of the sale.

Especially on nice days you will find the check out for the sale in the garage, under a canopy or tent. Many Florida liquidation companies record their sales on computers. It is beneficial for keeping track of the sales tax collected that must be reported and turn into the state.

More and more local authorities are requiring estate sales companies to take out a local license for their estate liquidation business.

More discussion in the future.

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Interview with EstateSales.Net’s Dan McQuade

2013 Estate Sales Conference logoLast week I had the opportunity to conduct a telephone interview with EstateSales.Net co-founder Dan McQuade. He and his son Micky started the online Estate Sales Network in 2002. Next week in St. Louis, MO. on March 26th and 27th they will be holding the first ever estate sales conference. I’ll be sharing with you the news and information from this interview during the course of this week.

ESN – You have had great success since 2002 when you and Micky started EstateSales.New.  What do you think was the biggest contributor to your success?

Dan- Being first in the market place with the idea of EstatesSales.Net, a big thing, a network for estate sales companies to list and showcase their sales. That their name had been there longer than any other people trying to do the same thing. The number one thing he said they work towards is customer support, you can call and get someone on the phone or if they are tied up they call you right back or you can email. All different kinds of ways to contact them and try to help the customers with their problems. Customer support that’s in any business today.

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Dennis Hopper – Online Estate Sale at One Kings Lane

Author Georges Biard Dennis Hopper 2008 at Cannes Film Festival

Dennis Hopper 2008 at Cannes Film Festival by Georges Biard

Estate Sales have changed dramatically in the last 10 or so years. One Kings Lane was holding an online estate sale of some of the personal property from Dennis Hopper’s estate. This article was written by Pilar Viladas for the New York Times Style Magazine.  Online estate sales are not as common as on site liquidations, but they are becoming more popular especially when an on site sale cannot be held and in the case of some celebrities. Here is the link.

Dennis Hopper Estate Sale on One Kings Lane

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Thinking of selling a car at an estate sale?

Car for saleSelling a car at an estate sale is usually fast and efficient, however, a few things to know and consider. Make sure the estate liquidator you are using has access to the car title or can reach you to bring the title quickly to the sale when the car sells. Most liquidators will ask for cash or in some instances accept a charge card. There are some companies that will also accept bank checks. It’s a good question to ask when you are interviewing perspective estate sales companies.

It is recommended that you have the car interior vacuumed an wiped down and the car exterior washed just prior to the sale to obtain the best possible price. Make sure all lights on the car are working and if there are any problems with the auto advise your liquidator when you sign up for your sale. That way it can be noted “as is” if necessary.

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