What To Expect From A Estate Sale CompanyPosted by: George Fernandous | Posted on: July 13, 2020
What To Expect From A Estate Sale Company
In this economy, with all types of sales going on, and a market saturated with too much stuff to sell, we are all missing sales because of unrealistic goals. When an estate sale is extended — guess why?
As clients, you need honesty about the consequences of overvaluing items.
In my professional opinion, estate sales are basically about resale and liquidation value because the goal is to sell all items in one to three days.
From this perspective, if there are two or heaven forbid three sales on the same street in the same vicinity of your estate sale, the pressure to move your property full of possessions and cars is a daunting task for any estate sale company, in this economic climate.
If you consider auctioning it off, you may still get liquidation value proceeds, in addition to fees.
Yes, estate sales are booming, but an estate sale has three human components that want to benefit from it: the client, the seller, and the buyers.
I am not suggesting that your things be given away, but there are advantages in setting a fair price, to avoid donating it.
As many of you do, I too, visit many community garage sales, yard sales, and flea markets. Yet, I am amazed at their prices too, but you can’t tell them that an item that they perceive is valuable or spent a lot of money on won’t sell!
The point is: We all need a pricing reality check!
As you know, estate sales are not garage sales, but they’re not Christie’s or Sotheby’s either.
Estate sale companies are doing their best to sell high-quality items in a used item environment.
I understand why it is so difficult for estate sale clients to decide who is the best service to do their estate sale; but what I don’t understand is the unawareness of the depreciation of personal property.
Finally, estate sale clients must know exactly what you want to achieve with your estate sale and trust the judgment of the estate sale company you hire. Read through several websites and decide on one that has the potential to liquidate the bulk of your estate *(notwithstanding antiques, expensive collectibles, fine art, jewelry, etc.). That is how you decide whom to do your estate sale and sell out to the bare walls!
*Make sure that the estate sale company you hire is qualified to secure and sell your valuables.