Estate sales companies can save you time and money. By allowing an estate sales professional to handle the enormous task of cleaning out a loved one’s home and selling their possessions, you will not have to take time off from work and the estate will receive a check after the sales are finalized.
Most companies, such as The Girls Estate Sales, post their process on their website. You will want the estate sales professional to walk through the home to inspect and assign a value to each piece to confirm the estate does need the service. The estate sales team will begin about one week before the sale. They may ask you to remove any items you plan to keep and to leave all of the cleaning to them. Certain items can be damaged if cleaned improperly. After the cleaning and appraisal, the pieces are documented and tagged.
The estate sales company may advertise and market your sale on their website, social media channels, newspapers, and other estate sales websites. Some companies, like Catherine’s Estates, offer newsletter subscriptions to frequent buyers and collectors with notifications of upcoming sales.
The estate sales company manages the hosting and transactions between the estate and the buyer. It is not necessary that you attend as you will be kept in the loop regarding the inventory lists, appraisals, and transactions. Most sales last one to three days and larger estates can take up to one week to liquidate. Any items remaining can be donated to a local charity for a tax deduction.
The estate will receive a check, minus the commission fees, in a few weeks after all of the transactions are closed and finalized.
You can expect to pay up to 35 percent of the total net sales for the services of an estate sales professional. You may find commission rates range on average 10 to 25 percent, but many companies provide more services, including security and heavy cleaning, and charge the higher rate. Most do not require any money upfront and rely solely on the higher return the estate yields during the sale or auction.
Begin your search for an estate sales professional by asking your friends, family, and neighbors for local recommendations. Senior care directories and other estate sales websites can provide you with ratings and reviews from former clients. Be sure to read the reviews written by family members of the estate to get a clear picture and not necessarily the buyers from the sale or auction.
You can search the Better Business Bureau (BBB) of Southern Arizona for BBB accredited estate sales organizations. The site lists 21 estate sales businesses currently with six of those being BBB accredited companies.
The American Society of Appraisers and the International Society of Appraisers offer databases that allow you to search for certified appraisers in Arizona and across the country. Before hiring any company, be sure to confirm references and research each company thoroughly.
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