Estate sales professionals can ease the burden of a houseful of a deceased loved one’s belongings. Sometimes an estate sales company is called when the family members have no room for the extra items, cannot agree how to split the estate, or the deceased requested the estate sale in a will. These companies specialize in arranging the sales and auctions and taking care of all of the transactions. They will even declutter and clean the home to prepare it for viewers.
An estate sales professional will want to visit the home and look at the items you want sold. Each item will be analyzed, photographed, and inventoried, then the estate sales professional will properly clean the pieces and arrange them to appeal to buyers. They may call collectors as well to look at specific pieces, like memorabilia, automobiles, or antiquities. Before you declutter and throw away any items, check with the professional to see if it will bring in a return. The estate sales professional want to make sure the estate receives a high return during the sale.
Companies, like Midas Touch Estate Sales Company, state that sales may last one to four days, depending on the size of the estate. All of the details are handled by the company, so you and your family do not need to be present. The company will advertise your sale or auction on estate sales websites and social media. Depending on the estate company, there may be a preview scheduled for larger-priced ticket items.
After the sale, you should receive a proper accounting of all of the items sold and not sold. The company may also provide you with a list of charitable organizations you can make a donation to with the remaining items.
Commission rates vary between companies and may be determined by location and what experts and appraisers the company employs. The average commission rate reported by Antique HQ is 10 to 25 percent, although some companies charge 30 to 35 percent or more if heavy cleaning is required.
The initial consultation is typically free and most companies do not require any money upfront and only work on commissions.
Before hiring an estate sales service, research and compare rates with other professionals in the area. Ask the company you are considering for a list of references and review each contract before signing to make sure you understand the terms and conditions. You can find estate sales companies on senior care directories and at the Better Business Bureau (BBB) of St. Louis.The BBB lists ratings and reviews for each company.
You can find certified appraisers at the American Society of Appraisers and the International Society of Appraisers. Each organization’s website features a user friendly search tool. You can also seek recommendations from your friends, family, neighbors, and coworkers. Your deceased loved one’s attorney may have suggestions for an estate sales company in your area. Finding the right professional can make this overwhelming task easier.
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