An estate sales company can save you both time and money when an event leads to emptying a loved one’s home. If you and your family do not have room for more items, or simply do not find your loved one’s collections to your taste, consider hiring an estate sales professional to clean, sort, and sell the items. The professional handles all of the details and the estate receives a check after the commission and fees.
After the initial consultation, the estate sales team will begin working about a week before the event. If the estate is large or requires a great deal of cleaning and appraising, they may start earlier. The company will handle all of the marketing and advertising. Companies, like Stepp Estate Sales, also offer online sales services. They may contact specific collectors about pieces that will bring in a high return.
The sale can last one to three days or longer if the estate is large. You do not need to be present during the sale as the company handles the hosting, transactions, and cleaning during and after the event. You (and the executioner of the will, if required) are kept up-to-date throughout the process. You may receive two copies of the inventory and transaction receipts.
When the sale or auction ends, depending on the company’s process, the estate should receive a check in 7 to 14 days. Some companies take up to 30 days to process and finalize the estate checks minus the commission fees. You always have the final say in what is sold at an estate sale. The company will ask you to remove any items from the premises that you want to keep, but not to throw anything away. The estate sales company keeps a database of buyers that are interested in unique items.
You are not required to pay any upfront costs with most companies. The estate sales company wants to sell the items for the highest price in order to earn a 10 to 25 percent commission from the net proceeds. Some companies that offer a number of services charge as much as 30 to 35 percent.
One of the best ways to see what an estate sales service does is to observe them before hiring. Attend a few estate sales in Orlando to see how the company handles transactions and hosting. Find ratings and reviews for those companies online at senior care directories or on the Better Business Bureau (BBB) of Central Florida website. The BBB currently lists 32 estate sales businesses within a 100 mile radius of Orlando. Certified appraisers can be found listed on the database of the American Society of Appraisers as well as the International Society of Appraisers. These sites list appraisers in the U.S., Canada, and other countries.
Ask your family, friends, and neighbors about local estate sales companies. Don’t forget that your family attorney may have a specific company he or she recommends, too.
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