Tag Archives: Moving or Downsizing

Downsizing or Moving? Estate Sale or Garage Sale – What’s The Difference?

Estate Sale signGarage Sale

Baby boomers are moving in record numbers and many are downsizing as retirement time has arrived. Knowing what the best answer is for you to liquidate your unwanted or no longer needed items depends on your understanding the difference between an estate sale and garage (yard) sale.

An estate sale sells the greater part of the contents of your home. Usually it involves selling the items within the home. Most estate (or sometimes called a tag) sales are conducted by professional personal property liquidators – an estate sale company. They sort, organize (or stage) the contents within the home, price, advertise, and conduct a sale lasting two, three, or four days. Many also offer clean out services as well for an additional fee. Estate liquidators are experienced with selling household items as well as antiques, art, etc., however, when in doubt they research and may call in an appraiser to assist them with the proper description and pricing.

A garage sale involves selling miscellaneous household and garden items, usually takes place in the garage, on the driveway, or on the yard and are held for one or two days. The sale is usually run by the owners and they set up the items, price, and sell them. The items being sold are generally low in value.

One key difference to mention is where they are advertised. Estate Sales are advertised on estate sale listing websites, estate liquidator websites, social media, and print media. Garage/yard sales are usually advertised by hand writing on poster board tacked up on poles, (where permitted), in a local newspaper, and on occasion on websites specifically for yard or garage sales.

Another difference that is often overlooked in articles and discussions is negotiating. Estate sales usually will not negotiate the first day of the sale and most have a policy for discounting while garage sales usually have people making offers from the time the sale starts. Estate liquidator also have policies in place for entering the estate sale (numbers, list, etc.) while folks waiting for a garage sale usually just walk up and start looking across tables of items and may even poke through items not yet unpacked.

If you aren’t sure which type of liquidation will meet your needs speak with a few estate liquidators and explain what you are doing and what you have to sell. Most will welcome your call and the result could generate financial gains more significant at an estate sale than you would have received had you chosen to go with a do it yourself garage sale.

Moving Or Downsizing – How To Cope And Have An Estate Sale

Moving truckYour editor here at Estate Sales News just completed another move. To say it isn’t easy would be an understatement, but here are a few tips acquired during the many moves I’ve made and seen others do.

When the time comes to move or downsize take a lined pad of paper with columns for keep, delete or maybe, and start room by room. Look at each item in the room and ask yourself “do I really need or want this?” You will be surprised as you walk around a room and look at different items. Are you keeping them because you “think” they have value, sentimental value, emotional attachment or genuine need. After losing two mothers ten years ago in nine days it wasn’t easy and has been a continuous work in progress, but we have learned what is necessary, what is sentimental attachment and what is emotional. A suggestion is to put the necessary under the keep, and then decide which is the delete. Keep the maybes separate. It isn’t easy to part with a loved one’s items, however, if you are moving to a smaller space or just need to lessen the burden of too many items, decisions must be made. Now is the time to let your mind work in tandem with your heart. Take a deep breath and ask yourself “why”. When you have the answer it will either be a keep or delete.

Once you have completed your list of each room use post it notes or something similar to denote what you are keeping. If you can’t move the items yourself, look for some strong arms to assist you (even if they charge by the hour) and choose a room or two to put the keep items in.

It is now time after this separation to start looking for your professional estate liquidator to come in and determine if they can sell the balance of your items for you. Some may not, but please don’t feel offended. Every estate sale company has different requirements to stay financially sound.

Check out our our categories how to choose a liquidator and our assortment of tips to help you with finding estate sale companies, interviews, what to expect, and the process of selling.

Remember, once you have made your keep it list, stick to it. Don’t second guess, and don’t let the price of an item you decided to sell make you want it. The object after all was to move and downsize.

It isn’t easy. We have been there and helped hundreds of others as well, but you can do it and succeed and feel better once you have moved on and continued your life’s journey.