New and unfamiliar events are often stress provoking. The social gathering at a new job, for instance. What to wear? How many drinks are ok? Is leaving early frowned on? So many unknowns and potential pitfalls.
Let’s take the not knowing out of planning an estate sale with a few easy steps!
● Research and interview Estate Sale companies, and choose the best fit
● Understand the services you need
● Take a breath, as the company puts on the sale for you
● Reap the rewards
● Sell the house
● On to the next thing!
Research
Look for estate sale companies online and pay attention to their website. The detail and specific information found online about a company tells, at least, most of the story. Interview the company leaders and listen to your gut. Find the right fit for you and your needs.
Services Needed
In rare cases, only an estate sale is needed. In most cases, an estate sale and a CLEAN OUT is needed. A clean out is needed in most cases to fully empty the home. Not everything sells at an estate sale, so a plan to get the home empty is needed. Ask the company if they offer a clean out service, if that is what you need.
If rare and valuable possessions are part of the estate, ask if the company can assist with appraisals, selling in an auction or connecting with a specific dealer who has knowledge and clients to buy the rare thing. However, a knowledgeable estate sale business will recommend how to handle these items.
Take a Breath
Maybe the hardest thing…relax. If you have hired a highly professional and effective company, you are in good hands. They will handle everything from start to finish!
Reap the Rewards
The estate sale company will run the sale and keep you updated about how it is going. At the end, you will receive the profit from the sale, after the estate sale company has taken its commission. Normal commission is 35-50% of the sale. And that is a great profit for you! None of the work, yet reaping rewards.
Sell the House
If the home will be put on the market after the sale, make sure you ask for a Clean Out service as well. Generally, clean out costs depend on how well the sale concluded and how many items need to be donated or discarded. In most cases, clean out expenses are deducted from the sale’s profit. The true profit, or generational wealth comes from selling the home.
If you have any further questions about the typical estate sale process, please fill out our contact form or call us at 615.739.4496.
