While garage sales are suitable for clearing out no longer needed items, estate sales are more appropriate when nearly all the contents of an individual’s home must be liquidated. Estate sales are usually held after someone passes away or if the homeowner is downsizing and will not be able to transfer the majority of their possessions to the new home. People may also organize estate sales if they are moving overseas.
Prior to advertising the sale, sellers should create an inventory of all the items in the home and divide them into several categories. Items with sentimental value and heirlooms should be set aside. Items that do not have any resale value may need to be donated to second-hand shops or be thrown away.
If an item will be included in the sale, the seller should research its going rate when possible. For simplicity’s sake, sellers can create flat-price categories for lower-value items and place them at different price points.
During this process, the seller may have items that do not fit into any category. This includes items that loved ones may need in the future, or items that are valuable, but may take time to sell. In this case, renting a storage unit temporarily can be a good solution.
Since estate sales are often large, many people hire professionals to help them set up and manage the event. For example, appraisers can evaluate the cost of valuable items, such as jewelry or silverware. Some appraisers also specialize in antiques and can connect sellers to a network of antique dealers.
Estate sales can also be an emotionally difficult process. Professional estate sellers can support families until the sale is completed. They can also coordinate the event, get any necessary permits, and handle any legal issues on the family’s behalf.
There are many ways to advertise an estate sale. Many newspapers include sections where residents can notify the community of the sale. Advertising on social media can also help attract a wider range of people. Posting signs near the home on the days leading up to the sale can also drum up traffic.
Estate sales are usually held in the seller’s or deceased person’s home. The home should appear clean and bright to appeal to buyers. Professionals also advise placing items in rooms that they are associated with.
Sellers should also compile high-value items into a secure, central location. Depending on the size of the property, sellers may ask family members or professionals to stay in different rooms to help buyers as well as prevent theft. Helpers can also keep the home tidy, as buyers tend to move items to different locations.
Sellers should create a plan for directing foot traffic. Ideally, buyers should enter through one point, move through the house in one direction, and exit after making their payment. Not only does this keep the group organized, but it also creates a sense of urgency, as buyers will not be able to go back for items. Sellers should use clear signage to direct buyers along the path. Items not included in the sale should be clearly marked to avoid confusion, or better yet, put out of sight.
Prior to advertising the sale, sellers should create an inventory of all the items in the home and divide them into several categories. Items with sentimental value and heirlooms should be set aside. Items that do not have any resale value may need to be donated to second-hand shops or be thrown away.
If an item will be included in the sale, the seller should research its going rate when possible. For simplicity’s sake, sellers can create flat-price categories for lower-value items and place them at different price points.
During this process, the seller may have items that do not fit into any category. This includes items that loved ones may need in the future, or items that are valuable, but may take time to sell. In this case, renting a storage unit temporarily can be a good solution.
Since estate sales are often large, many people hire professionals to help them set up and manage the event. For example, appraisers can evaluate the cost of valuable items, such as jewelry or silverware. Some appraisers also specialize in antiques and can connect sellers to a network of antique dealers.
Estate sales can also be an emotionally difficult process. Professional estate sellers can support families until the sale is completed. They can also coordinate the event, get any necessary permits, and handle any legal issues on the family’s behalf.
There are many ways to advertise an estate sale. Many newspapers include sections where residents can notify the community of the sale. Advertising on social media can also help attract a wider range of people. Posting signs near the home on the days leading up to the sale can also drum up traffic.
Estate sales are usually held in the seller’s or deceased person’s home. The home should appear clean and bright to appeal to buyers. Professionals also advise placing items in rooms that they are associated with.
Sellers should also compile high-value items into a secure, central location. Depending on the size of the property, sellers may ask family members or professionals to stay in different rooms to help buyers as well as prevent theft. Helpers can also keep the home tidy, as buyers tend to move items to different locations.
Sellers should create a plan for directing foot traffic. Ideally, buyers should enter through one point, move through the house in one direction, and exit after making their payment. Not only does this keep the group organized, but it also creates a sense of urgency, as buyers will not be able to go back for items. Sellers should use clear signage to direct buyers along the path. Items not included in the sale should be clearly marked to avoid confusion, or better yet, put out of sight.
