Whether you need an estate sales professional due to the death of a loved one, or due to a move, you can leave the worry behind when you use an experienced and reputable estate sales company.
Before hiring an estate sales professional, you will want to confirm the estate does need the service. Most companies are willing to do an on-site consultation to get an idea of the market value of the pieces. Some companies employ an appraiser certified through the American Society of Appraisers (ASA) or the International Society of Appraisers (ISA) to inspect and research each object. Once hired, the estate sales company will properly clean, document, and tag all of the items in the home to be sold. The company could begin working on the estate one week in advance of the sale or auction.
The estate sales professional will advertise the sale on local Rochester estate sales websites, social media channels, as well as their own company website. Some companies hold simultaneous online sales during the event, like the Estate Store from Estate Sales By Colleen. The estate liquidator will discuss all of the options with you and keep you updated.
The estate sales company takes care of the hosting and financial transactions for you, so you do not to be present during the one to three day sale. Larger estates can take up to one week for a sale or auction. You will be given an inventory list with the appraised value for each item and, at the end of the sale, an accounting report with a copy of all of the financial transactions for tax purposes. If you need a second copy of the reports for the executioner of the will, be sure to ask the estate sales professional. Any remaining items after the sale can be donated to local charities. The company may provide you with a list of organizations in the Rochester area accepting donations. You can expect the estate to receive a check minus the commission and fees within a few weeks of closing out the sale or auction.
The majority of estate sales companies do not charge for the initial consultation. If they do charge, it is typically a low fee. The estate liquidators earn a commission from the sale or auction, so you do not have to pay any money upfront. The average commission rate is 10 to 25 percent of the total net sales, but don’t be surprised to see a 30 to 35 percent commission rate from companies offering services like heavy cleaning, catering, or security.
Certified appraisers can be found in New York and throughout the U.S. by using the search tools on the ISA and ASA websites. You can also check senior care directories for listings with ratings and reviews for local companies.
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