Tag Archives: downsizing
Estate sale companies use research and knowledge to price your estate sale items. It is amazing what is found in estate sales that require research and where and how to conduct that research.
An experienced and knowledgeable estate liquidator friend recently shared information about luggage labels and baggage tags that have become collectible. The take away is knowing where and how to research these collectibles.
Gaining knowledge and more importantly knowing how to research items is important to both estate sale companies and sellers.
The experienced estate liquidator will conduct research by book, computer, auction catalogue results and networking with other estate sale companies. They will also consult with certified appraisers. Many estate sale companies keep an appraiser on retainer. Especially a CAPP (Certified Appraiser Personal Property).
Having the knowledge to know where and how to research is an important reason for hiring a professional estate sale company. The average seller just isn’t equipped with the knowledge or know how to properly price and advertise their sales. Many times money is lost because of lack of experience or where to research. It’s more than just eBay.
When choosing the right company to conduct your estate liquidation or downsizing sale ask about their experience and how they research. It’s your $$$$ that are at stake.
It is not just stuff to an older or elderly person. Someone I know was downsizing her 90 year old Mom to move to an assisted living apartment. She had been there 50 years. With the stress of packing and eliminating what wouldn’t fit in her mother’s new home she spoke of it as just stuff.
It isn’t just stuff to an older person having to downsize. It is a lifetime of memories. Shared with loved ones here and passed. Working with those who have been trained or have years of experience with the elderly is important to prepare them for the moment when delicate decisions must be made.
CRTS and others can teach those estate liquidators how to help ease this heavy task.
Estate sales can sell off much of what cannot go, but it is important to consider a loved ones’ feelings. Stuff implies little or no value. When you are moving out of a long time home many people feel the are leaving treasured lifetime moments.
Choosing words wisely can help assure an elderly or older person that you appreciate the difficulty in deciding what to keep, what to sell or what to donate or give to others.
Estate sale companies trained or very experienced in the eldercare field can be of great assistance helping a family to ease the stress and burden on their loved one. Estate liquidators wear many hats. Consulting with an estate sale company should be done before anything is eliminated or given away to assist families in how they approach the downsizing to assisted living or other care facilities. An estate liquidator will take a gentle third party approach.
Although professionals and others may call it stuff, when dealing with an owner, that is not a wise word to use. No longer necessary, too large, will you really need it, are just a few samples of things you can say with diplomacy.
Consulting with professional estate sale companies can be of great assistance for families and their loved ones.
Just remember it isn’t just stuff. It’s a lifetime to the owner.
Downsizing or decluttering can make your life simpler. For most of us, this is something we will want or need to do at some point during our life.
It can appear a daunting task. If you know where you are going to move to, or simply want to lighten the amount of items packed away from your basement to your attic, or in closets or cupboards this will help in your decision making process. Making a list of what you want to accomplish is a good place to start.
If there are broken or damaged items they should be the easiest to dispose of.
Today so many families are downsizing their older parents or in need of liquidating the personal property because of loved ones passing it often involves more than one person or seller. There may be siblings, cousins, or children of the individual/s.
It is not unusual for those in charge of liquidating the contents to have different or opposing opinions on the disposition of the estate.
If it involves people other than a married couple it is usually a wise idea to consult with an attorney to settle any differences and determine who will be responsible for hiring an estate sale company. Having everything decided and signed off legally makes moving forward in the estate sale process easier for all those involved.
Deciding if there are any personal belongings you want to keep should also be done before calling an estate liquidator. This enables the estate sale company to determine whether or not they feel they can achieve your goals. Seeing what’s for sale, the amount to be sold, the condition of the items, etc. is very important to the company.
It is also very important for the success of the sale in general to know which party the estate liquidator will be dealing with. Conducting an estate sale is a big job and if the company only has to correspond with one individual or couple it enables the process to run at a smoother pace.
Once the estate liquidation process begins keeping other sellers involved in the loop should be the responsibility of the primary seller. It should be stressed that once an estate sale company starts advertising and setting up the sale no items that were to be included should be removed or sold by any of the sellers party.
It is advisable that if the property is to be sold any Realtors involved be informed that if they show the property their clients will have to purchase items through the estate sale company at the time of the sale. Most estate sale contracts will include such a clause if the property is going to be for sale.
When the decision has been made to liquidate personal contents whether downsizing or to settle an estate keeping it as uncomplicated as possible is always the wise choice to follow.
Estate sale companies do not have emotional attachments and this can be a huge asset to you. An experienced and knowledgeable liquidator can help in so many ways.
If you are downsizing having someone from the liquidation industry to discuss what you need to accomplish and review what you will need to sell can ease the process. They can advise you about what to expect your unneeded belongings may realize at a liquidation sale and if anything specific should become a donation. Experienced and knowledgeable estate liquidators understand the stress of downsizing and can make the process a more comfortable one thereby allowing you to move forward to the next great adventure in your life.
The loss of a loved one is never easy and the disposal of personal belongings can be overwhelming. The estate sale company you choose can ease the burdens associated with the elimination of personal contents that hold memories.
When choosing a liquidator there are so many considerations to decide who will work best for you. We have a printable list for you to work with on our Front Page with a Tab, Click Here For the Printable List to access the list now.
The last consideration is the commission that an estate sale company charges. If you hire strictly based on what it will cost to hold the sale, the results may not be what you were hoping for.
Today the expenses of conducting an estate sale for a liquidator are much higher than they use to be. Judy Martin wrote an article that was published here on Estate Sales News about “The Cost Of Conducting A House Sale”.
Choose wisely. An estate sale company can be your best and most important asset during the trying and difficult times that happen in your life.
In today’s hustle and bustle world the stresses of moving or downsizing can be overlooked.
The estate sale company may have estate liquidations booked week after week, but it is important that they focus on each client and sale as they occur. Speaking with your chosen estate sale professional about any concerns you have early in the process can help eliminate your stress as the seller and any tensions that could arise later.
Sellers whether they are moving, downsizing or going to an assisted living residence require patient understanding from the estate liquidator. If you have concerns about the removal of the items you may be keeping prior to the estate sale company beginning their work be sure to share your concerns with them. The professional estate liquidator can often offer suggestions based on experience. Although they may have a full schedule, listening to your concerns is helpful to them, but keep in mind they have other clients to listen to as well.
If you are new to the estate liquidation business taking courses through an organization like CRTS (Certified Relocation Transition Specialists) can help you better understand and work with the needs of your clients.
Estate sale companies also have their own stresses to deal with. If you are conducting weekly estate sales and responsible for the clean out after the sale, you will need to have a crew working on the staging of the upcoming sale and a cleanout crew. If you don’t have a separate cleanout crew then you will require a reliable cleanout service to leave the property broom cleaned.
Communication between clients and estate sale companies is paramount for success for both sides.
Estate Sales News included all these different terms for estate sales because they apply depending on your location in the United States.
If you are moving or downsizing and not taking most of your belongings with you there are some important steps to follow.
Decide what you want or will need where you are going. Pack those items and if possible arrange to store them in a storage facility, with a friend or in one room of the property that can be securely closed off.
Once your personal items are packed away it is time to find your estate sale company or estate liquidator. Following guidelines provided here on EstateSalesNews.com (for choosing your estate liquidator) when you show your chosen company through they will be seeing the items to be sold. Estate sale companies have to make decisions about excepting or passing on a sale based on the amount and type of items to be sold to see how that will affect there balance sheet. They have a variety of costs including monthly exposure (internet), advertising, staffing, etc. to consider.
A word of advice to sellers. Please don’t feel it’s personal if a an estate sale company turns you down. They are a business and make business decisions. These may be personal items to you, but for them it is whether they can make a profit to provide for their families and themselves.
A topic that has been an on going problem for many estate sale companies and sellers is when the seller(s)s decide after an estate sale company has gone through the property, prepped all the items to be sold and priced and the seller decides they want to take some of those item(s) with them. Sellers your job is to look carefully and thoroughly through everything ahead of asking a liquidator to come to your property and remove any possible items you may want. You can always change your mind and give them to the estate sale company to sell, but removing anything that was to be included in the sale and priced is not good business. Many estate sale companies have a paragraph in the contract allowing for the charging of a commission on items that were to be in the sale and removed. The commission is usually based on what the item would have sold for on the opening day of the sale.
When you are moving or downsizing take your time and go room to room and if necessary box to box in the attic or basement and choose what items you will be taking with you and leave the rest for the estate sale company. Don’t throw anything out. Let your chosen professional make that determination. If you have done your due diligence, made the best choice possible and have trust and confidence in your estate liquidator let the estate sale or event commence.
This article was contributed by CRTS and was written by Erin Kurimay
There comes a time when an elderly person can no longer manage their home or live alone, and the grown children begin to realize that their parents or aging loved ones need to either move to an assisted living residence, or downsize, remodel, and modify the design of the current home to age-in-place.
The aging parents have most likely lived in the home for 30 years or more, and with that have collected a lifetime full of memories and stuff. Furniture, china, silver, collectibles, family heirlooms, art work precious photo albums, clothing, holiday decorations, the entire contents of the kitchen, medicines, hazardous household chemicals, gasoline cans, the lawn mower, snow thrower………the list goes on.
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.