Losing a loved one is difficult, and for families going through getting rid of their loved one’s belongings is extremely emotional. How do you get rid of all this stuff?
The LA Times reported most people own around 300,000 different items. If your loved one was a collector and didn’t get rid of things periodically, you may have even more items to sell.
Hiring an estate sales company will relieve your stress because they do all the work for you. The company will sort through things you don’t want, arrange and organize the sale, and donate any remaining items.
Before you call the estate sales company, do not get rid of anything. You may be surprised what items are valuable. Estate sales professionals will maximize your sale profits because they know this market and have a regular customer base. They also know how to conduct the appropriate research for items that could be worth money.
Prestige Estate Services outlines the estate sales process. The first step is to set up a consultation with the estate sales company. The company will meet you in the home, review all items, and help you understand the process. They will begin staging the home for the sale and display the sale items.
The company will drive traffic to your sale through advertising with email, social media, newspaper, and signs.
The preparation for the sale takes around one to two weeks. The estate sale usually lasts over three days and will probably be over a weekend. Some companies may also recommend using an online auction.
At the sale, the estate sale company will be available to assist shoppers, perform transactions, and provide home security. Most estate sales companies take credit card payments to increase sales.
You can attend the sale, but most estate sales companies recommend you should not attend because it can be emotional and stressful. It can also deter shoppers.
After the sale, the company will assemble a statement showing the items sold. You will then receive your check for the proceeds of the sale about 2-3 days after the sale.
If you have remaining items, the company can assist you with donations to local charities.
Like any other service, the fees vary. For example, some companies charge for the initial evaluation while some do not. Most commissions average 35-40 percent of the sale proceeds, which may be the only charge. If your loved one’s home has extreme clutter, the costs could rise. Be sure to get a list of all fees before hand to avoid any surprises.
To start, ask your family attorney or friends for recommendations. Online reviews can provide insight as long as the reviews are from people who used the company’s service and not just shopped at their sales.
The Denver Better Business Bureau website is a great resource to find BBB-accredited businesses. To help your search, look for a company that has either the American Society of Appraisers or International Society of Appraisers Certification. It’s always a good idea to compare the fees and services of multiple companies.
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