Your loved one’s possessions can often be an emotional reminder of the times you spend together which can make it difficult to sort through things if they have just passed away or moved into a nursing facility. It’s also hard if you have multiple people trying to figure out what to do with everything and there is a disagreement about what to keep and what to sell or give away.
There is also the matter of the sheer volume of things your relative might have. In 2014, the LA Times reported that the average US home has about 300,000 items. That is a lot of stuff and if your family member was a collector or kept things around “just in case,” that number can easily be doubled or tripled. An estate sale company can be a huge benefit and useful resource during this time and help you figure everything out.
The main benefit of estate sale companies is they do this for a living and have a professional team that can help you with the entire process much faster than you could on your own. The process will usually start with a walk-through of the estate. During this time, the professional will decide what to sell and appraise these items. Most estate sale professionals are certified appraisers and will make sure they price the items to sell. NJ Estate Sales by Lorraine goes through the complete process of sales on their website.
Once the walk-through is complete, the company will clean and arrange all the sale items. This part might take a few days depending on how messy the house is and how many things need to sell. You can see some pictures of estate sales from BHM Estate Sale Services. The company will also provide all necessary advertising and sale preview to generate interest.
During the actual sale, employees will be on-site to answer any questions, accept payment for sales items, take care of security, and run any auctions scheduled. You can be there at the house during the sale, or you can stay away.
After the sale day, the company will help you place the rest of the items that didn’t sell. They might suggest some local charities or other organizations. They will also confer with the executor of the will and write a check for your portion of the sales after they subtract their fee. You can expect this to take a few days to process.
There might be a few fees included in your estate sale. While some companies offer a free consultation and walk through, others charge by the hour. You will also give a portion of sales to the company, usually around 35%. If the house is large or cluttered and there are a lot of things to sell, there might be added charges. You can view a list of some of the charges you might have through New Jersey Estate and Moving Sales.
First, talk with your attorney or close friends and neighbors to see if they have suggestions. You can also search for online reviews just be sure to look for reviews from people who have used the company not just shopped at one of their sales. The BBB of New Jersey has a few estate sale companies that serve Newark, but none directly in Newark. Choose a company certified by the American Society of Appraisers or the International Society of Appraisers. You can shop around and get quotes but once you make your decision, sign a contract that details the entire process including fees and charges.
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