Tag Archives: choosing an estate sale company

Reputable Estate Sale Companies Choose Wisely

There are thousands of reputable estate sale companies, but sellers must choose wisely and with knowledge.

Recently a reputable estate sale company was contacted by sellers who had contracted with another estate sale company to run their estate sale. With less than a week to the dates of the sale, the estate sale company hired by the sellers notified them that they were not going to conduct their estate sale because a better sale had come along.

Here at estate sales news we have many articles and a printable list to assist and help sellers, heirs and attorneys with their decisions. Click here for a printable list.

Choosing an experienced estate liquidation company, with a good verifiable reputation is paramount to deciding on the right company. Reviews on the internet, speaking with past sellers, recommendations from former clients, and perhaps a visit to a current sale are all good ways to help you find the estate sale company to handle your sale.

Look at their advertising, memberships (not always necessary) and ask how they became estate liquidators. Question how long they have been in business and be sure to ask about their staff and experience. You are looking for knowledgeable, experienced individuals.

Ask about how they setup and price. What kind of research do they do. If needed do they have specialists they can seek out information from.

When you sit down to review their contract ask questions. This is a contract. Ask what repercussions could take place if either party fails to meet the the contract’s conditions and clauses.

There are 16,000 plus estate sale companies and the majority are hardworking honest people who do their jobs well and represent this profession in the highest manner possible.

Do your due diligence and remember that you can make a wise choosing an estate sale company.

Information On The Estate Sale Business?

During the last three years EstateSalesNews.com has been writing and providing information on the estate sale business.  We have report news and information on a wide range of topics for buyers, sellers, and estate sale companies.

We share our news and information on Facebook, Twitter, and Google+. We have created 49 boards on Pinterest up to now to focus on news worthy estate sales, videos, and of course the great things found at estate sales from vintage to antique and new to repurposed.

For buyers we have discussed estate sale etiquette, the different types of entry estate sale companies use (sign up sheets, numbers, a well formed first come line), how to approach a liquidator about a discount, where to find estate sales, forms of payment accepted at sales, what to look for in signage such as all sales final, no exchanges or no refunds. We have discussed what to take with you to sales such as packing material, flashlight, magnifier, and even how to organize your route.

Sellers we have provided a printable step by step sheet for how to find, interview and hire an estate sale company that provides you with a feeling of trust, honesty, and integrity. Here is the link (also at the top of our front page) to answer the questions of sellers looking to hire an estate sale company.

Estate Sale Contracts Are A Hot Topic – What Sellers Need To Know

Trust, confidenceWeek after week estate sale contracts is one of the top searches on Estate Sales News.

As the estate liquidation business has grown, so have some issues with sellers and estate sale contracts. Many sellers believe that they can micro-manage an estate sale even though they have hired and signed a contract with a professional estate sale company.

Let’s review for clarity and understanding.

When you review the contract with the estate sale company, this is the time to ask any questions. It is important as a seller that you understand the terms of the contract and what is expected of you and what you should or should not expect from the estate sale company.

The contract should clearly state the name of the company, the name of the sellers (or responsible party or parties) hiring the seller. If the sellers are a group of family members make sure “all” parties are present for the contract presentation and questions. All sellers should sign the contract and initial paragraphs of importance such as:

  •  Who is responsible for access to the property.
  • Electric, water, and heat will be provided by the selling party.
  • Any items that are not being included in the sale have already been removed or written into an addendum and this should be initialed by sellers and the estate sale company.
  • If the estate sale company (and almost all do) have a cancellation clause for the contract.  Sellers should initial this and remember that unless stated in the clause could be legally held responsible for cancelling the sale – no you don’t have an opportunity to keep interviewing other companies for a lower commission. You have made your choice. Again initials by all parties should be expected.
  • Estate sale companies may have a right to cancel clause for themselves if a seller/s becomes difficult to work with (micro-managing, removing items, failure to give access to the property, not providing utilities etc.)
  • Many estate sale companies have a clause that permits them to charge you the seller/s the commission on the sale value of any item removed from the sale once the contract is signed and/or the sale is staged. They usually deduct it from a seller’s net proceeds.
  • As a seller don’t expect to renegotiate a commission or fee during or after the sale. Estate sale companies have costs (staff, advertising, etc.) and their commission is based on that.
  • Remember why you hired an estate sale company – because they are professional, familiar with area prices, and their marketing expertise. Things you can’t learn in a video or book. It takes hands on and time to gain this type of knowledge and experience.

If you aren’t ready to sign a contract – don’t. An estate sale contract is a legal document and should be respected and taken seriously. Be confident, comfortable, and secure with your choice of an estate sale company. Before you sign on the bottom line and initial, also make sure you have done your due diligence. Personal referrals are always the best source for finding an estate sale company, but if you use a service, remember that the majority of these services charge a fee for the estate liquidator to be part of them even if they meet their standards.

Keep in mind that an estate sale company cannot control weather, the economy (such as the stock market having a rough two weeks or so lately), and the number of other estate liquidations competing with yours.

An estate sale is a professional service to liquidate personal property contents for seller/s and hopefully provide a good financial outcome for all parties involved.

What To Expect Before The Estate Sale Begins

EstateSales_lgWhen you choose your estate sale company along with a complete and thorough review of the estate sale contract, ask to see proof of liability insurance and do not be surprised when the estate liquidator asks to see a copy of a homeowner policy. In todays’ world it is important that both the liquidator and the property be covered by insured.

If the estate sale company belongs to any associations ask to see some type of ID (appraisers, education, etc.)

More and more liquidators are bringing professionally prepared brochures, but they should contain pertinent information about the company, name, address, phone number, email address, how long they have been in business, (license number if required by state or municipality) educational information (if any i.e. appraisal or fine art courses, estate liquidation courses), where they list their sales and advertise, and a list of their services showing fees or commission charges. It should also include if they have insurance or are bonded.

Following all this information, the estate liquidator should take photographs (if possible) to start the listing of the sale.

Access to the property should be arranged for pricing and staging and the dates and times of the sale.

If either party has any concerns about the sale this is the time to express these concerns. If the home is overflowing (commonly referred to by many as a hoarder) and you have an issue with this term discuss it with the estate liquidator. Television shows have promoted the use of this term and many times this can help encourage buyers to attend the sale. The term is not intended to be disrespectful.

As a seller when the estate sale company is ready to leave the property you should have trust and confidence and if not this is the time to settle any further concerns. You have hired a professional to sell the personal property and they need to do their job. Keep in mind most estate liquidators conduct sale after sale and they want your estate sale to succeed too so eliminating concerns and reducing your stress is good for you, the seller and the estate sale company.

Please subscribe to our magazine, it’s free, new articles are delivered directly to your in box and you can opt out at any time (no obligation) and the tab is in the upper left part of the website. We hope you will tell any estate sale companies you interview or work with you read and use EstateSalesNews.com as your resource for estate sales information and news.

Estate Sales, Spring Is Coming and Now Is The Time To Find Your Estate Sale Company

how-to-chooseAlthough parts of the northeast are buried under feet of snow, spring is coming and estate sale companies are booking estate liquidations quickly.

If you are planning on having an estate sale, right now is the time to start looking for the estate liquidator to work for you.

Lets review some basics and then you can use our printable list to assist you helping you with all the steps in the process. Look for the link on the top of our Front Page How to Choose an Estate Sale Company for more details and also a host of information including estate sale contracts.

  • Ask your family, friends, neighbors, Realtor or attorney if they know a liquidator they would recommend and be sure to ask why.
  • Look at the estate sale listing websites, EstateSales.Net EstateSales.org, Estatesale.com and Estatesale.company. These four companies feature the most estate sale companies that are listed on the internet across the country. They also feature their current or upcoming estate sales (you may want to attend some estate sales).
  • After reviewing estate liquidators on these websites and looking at their sales listed take time to look for internet reviews.
  • Call at least three companies to conduct an initial phone interview. Decide if you would be interested in pursuing these liquidators and inviting them to your property where the estate sale would take place. Once you have at least two or three companies, set up appointments well spaced apart to walk them through the property and discuss their services afterwards.
  • When you sit down with the estate sale company to discuss work, fees or commissions, availability dates for a sale, length of sale, set-up etc., be sure they completely review their contract with you. Ask questions, and do not hesitate to seek legal advice if you are unsure of the contract.
  • Once you have decided on a liquidator and have done your due diligence remember you have based your choice on the best information possible, that they are professional in what they do and ask them what if anything you can do to assist.
  • Now it is time to let them get to work and do their job. Don’t micromanage and only step in with a genuine concern.

These are the very basics for your search for an estate sale company. Never a 100% guarantee, but with so many thousands of reputable, experienced, knowledgeable estate sale companies out there you have done your best. Now let your estate sale company do their best for you.

Choosing An Esate Sale Company – Printable Estate Sales News Check List

how-to-chooseEstate Sales News has written many articles about how to choose an estate sale company, but today we have added a printable check list to the top of our home page on how to choose an estate sale company. Click on it, read it through, and print out your check list before you start your search for an estate sale company.

This list was created based on 25 plus years as a former estate liquidator. Our information is based on actual working experience conducting professional estate sales.

Our mission at EstateSalesNews.com is to empower you, the perspective seller.

Be informed, know what to look for, and ask questions. It’s your financial bottom line.

Choose An Estate Sale Company By Knowledge Not By Commission

% courtesy of IStock 2014 starts with more estate sale companies now than at any time in modern history. One of the negative effects of this is the competition it has caused between companies with commissions or fees. The results are sellers simply put trying to pit one estate sale company against another.

Perspective sellers should be aware that some companies will offer to charge any commission that will make them the estate sale company choice, but this is not the wise way to hire a company.

Knowledge, experience, marketing expertise, staff experience, reputation, and past client referrals should have far more weight in choosing an estate sale company then the commission or fee charged. If a company is not up to the task at hand paying a lower rate can result in overall poor results from the sale and that can cost you, the seller a lot of money. Probably more much more than you saved on the commission.

Be an informed and empowered seller and choose an estate sale company for all the right reasons, the last of them being what they charge. Your financial results depend on it.

Choosing an estate sale company – important considerations

HomeChoosing an estate sale company involves many things that we have covered, but some areas we want to talk about further are testimonials, referrals, and whatever you do don’t base your choice for an estate sale company on commission or fee. It’s like choosing a doctor, you base it on the best not the cheapest. Remember the old adage “you get what you pay for”.

 

As we write this article Elizabeth O’Brien with Market Watch wrote an article which tie with our report here entitled 10 things estate sales won’t tell you click here for the link to the article.

Be aware that no company, estate sale listing service or otherwise can offer you reputable estate sale companies unless they have personally bought or sold with that company. They present companies that most of the time pay to advertise on them (though some services allow free listings especially if no photos are uploaded on their sites). Even the Better Business Bureau isn’t always a guarantee because companies pay to be members. Angies List will feature a company, but the perspective user pays a fee for access.