Losing a loved one is difficult, and for families sorting through their loved one’s belongings is extremely tough. The process is overwhelming. The LA Times reported most people own around 300,000 various items. If your loved one was a collector and didn’t get rid of things periodically, you will have to get rid of more possessions.
Hiring an estate sales company will relieve your stress because they do all the work. All you do is take the items you and your family want to keep. The company will sort, arrange the sale, and donate any remaining items.
Before you call the estate sales company, do not get rid of anything because there are items that may be worth something. An estate sales professional will maximize your sale profits because of his or her knowledge of the market. They also know how to conduct the appropriate research for items that could be worth money.
Once you are ready to start the estate sale, you will set up a consultation with the estate sales company. Be sure to call as soon as you can because many businesses are booked way in advance. The company will meet you in the home, review all items, and help you understand the process. They will begin staging the home for the sale and display the sale items.
The company will drive traffic to your sale through contacts and advertising with email, social media, newspaper, and signs.
The preparation for the sale takes about 5-10 days, and the estate sale usually lasts over three days. Some companies may also recommend using an online auction for some items to increase the size of the customer base.
At the sale, the estate sale company will assist shoppers, perform transactions, and protect the home. Most estate sales companies take credit cards to increase sales.
You can attend the sale, but most estate sales companies recommend you should not attend because it can be emotional and stressful.
After the sale, the company will assemble a statement showing the items sold. You will then receive your check for the proceeds of the sale. You will receive your payment 2-3 days after the sale.
If you have remaining items, the company can assist you with donations to local charities.
There is no set price, and the fees vary per company. For example, some businesses charge for the initial evaluation while others do not. The commission averages 35-40 percent of the sale proceeds. Prices will be higher if the home has a large amount of clutter. Also, some companies may charge to clean up remaining items. It is best to get an outline of all fees before signing a contract.
To start, ask your family attorney or friends for recommendations. Online reviews can also be helpful.
You can also search the Southeastern Virginia Better Business Bureau website to find BBB-accredited businesses. When you are searching, look for a company that has either the American Society of Appraisers or International Society of Appraisers Certification. You will want to interview multiple businesses to find the right fit.
Find assisted living in Virginia Beach near you.