Cleaning out a loved one’s home is an overwhelming job, but you don’t have to go it alone. An estate sales company can help you with each minute detail, so you can spend more time with your family. Simply remove the items you wish to keep and let the estate sales professionals take care of the rest.
Several companies, such as Cross Current Estates, list their process on their website. Most estate sales companies will initiate an on-site walk-through to get an idea of the value of the estate and a certified appraiser may attend this initial consultation. Once hired, the estate sales team will begin the process of cleaning, arranging, photographing, and tagging each piece. The company, like Bullseye Estate Sales, may advertise the sale on their website and contact collectors in the Albuquerque area that have shown interest in past collections, antiques, artwork, or glassware.
The estate sales team handles all of the details of the sale or auction including hosting and payments. Most companies accept all forms of payment to increase the volume of sales. Before and after the sale, you are given an inventory list of items. You should also receive an itemized report of the transactions and the updated inventory list for donation and tax purposes. If you choose a company that also manages remaining item removal, make sure the company provides you with a receipt of those items. After the sales are finalized, the company will issue the estate a check minus the commission and any fees, within 30 days on average.
An estate sales company will need to sell the items in the estate at the highest price in order for the estate to yield a higher return and for the company to earn a high commission. This is one of the reasons many companies do not charge any out-of-pocket fees. The average commission rate for an estate liquidator is 10 to 25 percent of the total net sales with 30 to 35 percent becoming a more common rate.
You can find certified appraisers in the Albuquerque area through the database on both the American Society of Appraisers (ASA) and the International Society of Appraisers (ISA) websites. The Better Business Bureau for New Mexico and Southwest Colorado list local estate sales companies with ratings and reviews. The site currently lists five estate sales businesses with contact information.
Your family attorney or the executioner of the will can offer suggestions for companies they have dealt with in the past. Don’t forget to ask your family, friends, and neighbors about local companies they recommend. The best way to observe an estate sales company is to attend one of their sales in the Albuquerque area. Pay close attention to how the staff interacts with the buyers and notice the arrangement of each display. If they make you feel at home and you feel compelled to purchase an item, then the company is doing their job.
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