What is an estate sale?

New Jersey Life articleAn estate sale has become a generic term used for the liquidation of personal property whether the owners are deceased, downsizing or moving for heirs, families, attorneys or realtors.

The term estate sale use to be the sale of personal property of a person or persons who were deceased.  Other descriptions used by some companies is tag sale or house sale.

Every estate sales company has it’s own way of conducting professional personal property liquidation. States and municipalities decide whether estate sales companies are licensed and regulated and each company determines what kind of personal property they wish to sell. Some companies choose to only sell antique contents.

Literally everything from A-Z can be sold in an estate sale. Automobiles to zippers and everything in between. This can include gold, silver and costume jewelry, art, old magazines, military memorabilia, sheets, clothes etc.  The only limitation is what a company is willing to work with and what the client wants to sell.

Choosing the right estate sales company for your requirements is very important to you for your financial bottom line and peace of mind and knowing what to expect in the process.

If you need to have an estate sale, we recommend that unless you have personal property liquidation experience you’re probably going to be more satisfied using a professional estate sales company rather than trying to do it yourself. The choice is yours, but knowledge and experience can prevent costly and unfortunate miss steps. It can also reduce an already stressful process.