Tag Archives: estate liquidators

Updated Checklist For Estate Sale Contracts

Here is an updated checklist for estate sale contracts for estate sale companies and sellers.

We are not an attorney, but these items should be included and understood in the estate sale contract.

The estate sale contract should lay out in clear language.

  • Name of the estate sales company
  • Name of owner/s, heirs, or attorney
  • Date of estate sale contract
  • Address where the sale is to take place
  • Dates the sale is to be held and time
  • Dates the estate sale company will be given access to setup and price
  • Any items excluded from sale on addendum when contract is signed
  • Utilities – electric, plumbing, heating and air conditioning should be working
  • Liability insurance for estate sale company
  • Homeowner must have active homeowner insurance policy
  • Ramifications of removal of items by sellers after contract is signed
  • Fee or commission that will be charged if items removed or sold ahead by seller
  • Cancellation clause of contract
  • Party responsible for advertising and costs
  • Who is responsible for obtaining and paying for any permits required
  • Cost of sale, commission, fee, any additional sale related costs
  • When seller will receive net proceeds and form of payment to be made
  • Will seller receive written account of sold items and what it will or won’t include
  • Who is responsible for the clean out when the estate sale is concluded
  • If estate sale company cleans out any costs associated with clean out
  • Any additional costs for appraisals or specific appraisals
  • **If needed winter expenses and responsibility, i.e. plowing, shoveling, sand etc.

Visit the top of our front page for Choosing An Estate Sale Company.

Support The US Economy And Buy American At Estate Sales

Support the US economy and buy at American estate sales. These sales are run by American small businesses. Their staffs as well as the liquidators spend their dollars here in America. Although many household items may have been made overseas, buying it from estate sale companies supports our small business owners and the people that work for them.

Several articles have been published lately about estate sales and all the items the reporters have said are selling. These articles are based on interviews with a few liquidators and a few auction companies.

With 15,000 plus estate sale companies across the United States and more companies forming everyday, the interviews of a few do not speak to the majority.

Yes, there may be some areas where estate liquidations aren’t producing the results hoped for, but there could be several reasons for this, including the number of estate sale companies in the area.

We encourage estate sale companies to remind their buyers to buy American. After the recent election where millions of Americans wanted jobs brought back to the United States here is your opportunity.

Estate Sale Companies Use Research And Knowledge To Price

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.

Choose An Estate Sale Company By Reputation Not %

Today there are more than 15,000 estate sale companies working across America. Choosing an estate sale company should be about experience, reputation, reliability and integrity. The very last consideration should be commission or a fee.

Speaking with an estate sale company, asking to see referrals and conversing with them, reviewing their experience.

Seek out reviews on the internet and don’t hesitate to ask the estate liquidator about the reviews, especially those in question.

So many companies have come on line that it is now more important than ever to ask about their experience in the business, how they got into the business and why estate liquidations.

The very last question should be about commission and in the end this is not that important. If an estate sale company does a poor job a low commission won’t help you.

Like any other specialist, estate liquidators consider all their costs, plus the profit they need to make their living and the commission is usually based on that.

When choosing an estate sale company, choose by previous results with others, not what they want you to pay and make sure you sign an estate sale contract that covers everything. Success doesn’t just happened, it is earned and comes from knowledge. Be a savy consumer and choose wisely.

Understanding The Estate Sale Process

Understanding the estate sale process is very important as the liquidation business continues to grow.

Estate sale companies cannot commit until they have seen everything you are selling. The company needs to decide if there is enough in the sale to make it profitable for them.

Estate liquidators have many expenses such as insurance, staff, supplies, security and the time needed to prepare the sale. Liquidators have to include their advertising costs to compete with the growing number of estate sales.

Sellers hiring an estate sale company should recognize that they have a multitude of expenses. Working to create a successful sale for you to the best of their ability requires knowledge and marketing experience.

Estate liquidators also need empathy in many cases for clients.

A strong estate sale contract that protects and explains the estate sale company obligations and the sellers obligations is very important in the process. Many estate sale companies have their contracts prepared by attorneys.

The estate sale company may have a membership in associations such as the NAOEL. These associations and societies charge a fee to join and a yearly fee for membership. They also provide education that they charge the estate liquidator for.

The estate sale company incurs the cost of excepting charge cards. Fees are accessed and each company decides whether to charge them to a seller or absorb them. This may be part of their commission. Each estate sale company is different.

Sellers should understand what is required to prepare and conduct a sale. Reviewing the estate sale process with any estate sale company you are interviewing is important to avoid future misunderstandings.

Preventing Theft At Estate Sales

Preventing theft at estate sales is important as more people attend the sale.

Estate liquidators are hiring off duty policemen for security and safety for their estate sales.

Estate sale companies can use this security to ensure orderly entrance into the estate sale as well as monitor those exiting. The off duty police officer may ask to see your receipt. He or she may also ask to look at the contents of your bags or boxes.

Estate sale staff are monitoring the personal property entrusted into their care. If staff see someone trying to steal or change a price tag, they will report this to the owner of the estate sale company and the security person.

Many estate sale companies that have caught thieves have taken to posting their photos on Facebook to warn others and hopefully prevent further theft attempts. They hope the embarrassment of their photo will succeed when viewed by the general public.

Estate sale companies can prosecute anyone caught stealing. Many use video cameras to monitor their sales.

Estate liquidators are now limiting coats and in many cases preventing pocket books from being brought into the estate sale. In Florida it is not uncommon to see yard signs that clearly say no large bags or purses.

Estate Liquidators And Realtors Should Work Together

Baby boomers are on the move in droves and estate sales are tied closely to real estate sales. Estate liquidators and Realtors should work together.

Your Estate Sales News Editor has been a Realtor and estate liquidator. Both professions work for the seller. Both parties should determine what will be in the best interest of the seller and compromises will need to be made.

Realtors like to have a seller declutter for best results. Eliminating personal property that can be distracting for a buyer.

The estate liquidator doesn’t want the seller to eliminate anything until they have walked through the property to see what can be sold.

Estate sale companies and Realtors best serve the seller when they work together. Sitting down for a conversation about the long term outcome for the seller is beneficial.

Social Media Reaching Expanded Estate Sales Audiences

Social media reaching expanded estate sales audiences is growing. Estate liquidators using various social media are able to broaden their audience for their estate sales.

Estate sale listing websites include the ability for estate sale companies to Facebook, Tweet or Google+ about their estate sales from these websites.

Facebook has millions of readers. A business page to showcase an estate sale is unlimited. People interested in estate sales, repurposing, reselling, or looking for specific items can be an reached by specifying their audience on Facebook.

Estate Sale Days Are Changing For Summer Time

Estate Sale signEstate sale days are changing for summer time. Summer vacations and weather have estate sale companies altering the days they are conducting estate sales.

Traditionally estate sales begin Thursday or Friday and end Saturday or Sunday.

Vacations bring out different buyers. Many estate sale companies are starting their sales on Wednesday (in some cases Tuesday and ending Friday or Saturday.

Estate sale buyers who shop weekly should be following the estate sale listing websites to watch for changing days or times. Locations of estate sales will help determine any changes to the dates of the sales as well as the times.

There are estate sale companies that are choosing to conduct online auctions for some estate sales during the summer season to reach a broader audience.

Estate liquidators continue to find avenues to advertise and conduct their estate sales to obtain the best possible result.

Click on the links below to see what estate sales are starting today or tomorrow and some that may have already started.

EstateSale.com

EstateSales.org

EstateSales.net

Please let the estate sale shop know your read EstateSalesNews.com. Our growing subscriptions come from you. Happy shopping.

Estate Sales In Summer Are Not Garage Sales

Estate sales in summer are not garage sales. During the summer it is easy for shoppers to think that because an estate sale is being held in the summer months this should result in lower prices.

An estate liquidation is not the same type of sale as a garage or yard sale. Estate sale companies are professional liquidators.

A garage or yard sale is not run by a professional liquidator. Garage and yard sales are run by homeowners or tenants looking to eliminate accumulations of items no longer wanted.

A seller(s) hires a professional estate sale company to liquidate their contents. Estate liquidators understand the value of the contents of a home. Items will not be priced in nickles, dimes or quarters. Seller(s) expect them to obtain the current market value in their community for their belongings.

Estate sale companies may use Craigslist to advertise their sale, but that does not classify it as a garage sale.

Reaching the broadest audience possible is the goal of estate liquidators. This could be listing estate sales on advertising listing websites such as EstateSale.com and/or other advertising listing websites. It may also include Facebook, Twitter, Instagram, Google+, and Pinterest. Most estate sale companies also have their own websites.