When a loved one passes away, the thought of removing and selling their possessions is an emotional one. When the family cannot agree on how to split assets or simply do not have room in their own homes for another’s “treasures”, an estate sales professional can help you with the burdensome task. Once you remove the items you want to keep, the estate sales crew will take care of the rest.
Estate sales professionals can tackle the overwhelming task of selling your loved one’s items that may be too much of an emotional task for you. The company will properly clean, inspect, research, document, and tag each piece. An appraiser will check the value of the items and the company may call specific collectors about certain pieces with a high value.
Most companies, like Home Sweet Home Estate Sales and Liquidation, advertise and market upcoming estate sales on their website and social media channels, complete with photographs. The items are arranged in appealing displays to catch the eye of prospective buyers. The estate sales professional will manage the hosting, any catering, and all transactions.
Estate sales typically last one to three days, but may last longer if the estate is large. You will be kept update throughout the process, so you do not have to attend if emotionally the sale is too hard for you and your family. The estate sales company will provide you with an inventory list of appraised items.
After the sales ends and all transactions are finalized, you should receive an accounting spreadsheet and itemized receipts. If there are any items remaining, the company may provide you with a list of charity organizations accepting donations. Depending on the company, they may make arrangements for a charity to pick up the items and give you a copy of the itemized donation list.
After deducting commission and fees, the estate sales company will send the estate a check within a few weeks.
The commission fees vary between companies, but the average rate for estate liquidators is 10 to 25 percent of the total net sales. Some companies charge upwards of 30 to 35 percent. Since most companies prefer to earn their profit through the sale, rarely will an estate sales company require any money upfront, including the initial consultation, and like Estate Sales By Dee, provide free estimates.
If you are looking for a certified appraiser, the International Society of Appraisers and the American Society of Appraisers, both host databases to locate professionals throughout California and the United States.
The Better Business Bureau (BBB) serving Silicon Valley has listings for estate sales companies in the area that include reviews and ratings. The BBB currently lists 35 organizations within 50 miles of the area and 4 businesses with BBB accreditation status. You can also search senior care directories for estate sales professionals. Most of these directories feature reviews written by the estate’s family members.
Your friends and family may be excellent sources of referrals as well as your family attorney.
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