Estate sales companies tackle the task of cleaning and selling an entire home’s items. Whether due to a death in the family, or a loved one moving into a smaller residential care facility, estate sales professionals can have the home empty and cleaned in a few days time.
The estate sales company you choose will walk through the home and appraise each piece that is to be sold. The estate sales team will begin work roughly one week before the sale handling all of the cleaning, sorting, documenting and tagging of each item.
The company will arrange the items in appealing displays to attract buyers. Most estate sales professionals, like L and L Estate Liquidation and Appraisal Services, list upcoming sales on their websites as well as social media platforms, complete with enticing photographs of the displays. Since companies keep a database of collectors, certain pieces may warrant a call to a prestige collector before the sale begins.
During the sale, the company will host the event that may last one to three days. All of the financial transactions, both on-site and online, are managed by the estate sales company. You can attend if you want, but are not required. After the sale, the company will clean up and provide you with itemized receipts, reports, and a list of charitable organizations accepting donations for remaining items. Companies, like Guardian Angels, advertise that they can have the estate empty and clean in a few days. The estate sales company will deduct their commission from the total net sales and issue the estate a check within a few weeks time.
Although commission fees vary, most companies charge between 10 and 25 percent, but it is not uncommon to see a 35 percent commission fee for estate sales. The majority of companies do not charge any money upfront and work commission-based only. These companies earn their profit through marketing, presentation, and selling items at the highest possible price.
Using a digital search tool on reputable sites is the easiest way to find the contact information for estate sales professionals. The American Society of Appraisers and the International Society of Appraisers certify appraisers in Ohio and throughout the United States and Canada (as well as other countries). Both organizations host a database of professionals you can use for free. Simply search by city, state, or zip code.
The Better Business Bureau (BBB) serving Greater Cleveland allows you to search for BBB accredited estate sales companies within 100 miles of the city. The site lists 22 organizations with two BBB accredited businesses.
Search senior care directories for estate sales companies as well as estate sales websites that list upcoming sales. Consider attending a local sale or auction to observe how the company interacts with the buyers as well as the appealing arrangement of displays. Some companies provide their own display cases, so an event is the best time to ask the staff questions about their process.
Don’t forget to ask your family, friends, and family attorney for local referrals.
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