When to have an Estate Sale

When is an Estate Sale a Good Idea?

Some points we go through during our FREE Estate Sale assessment meeting.

Answer: When you have a vast amount of salable items that you need to get out fast and be able to make money on.

Definition: An estate sale or estate liquidation is a sale or auction to dispose of a substantial portion of the materials owned by a person who is recently deceased or who must dispose of his or her personal property to facilitate a move. (http://en.wikpedia.org/wiki/Estate_sale)

Sale must be held inside the house. (www.estatesales.com)

Benefits

  • Clear out the house
  • Make some money

Risks

  • Are there enough saleable items?
  • Household disruptions
  • Location, location, location
  • The Clearing Chaos process
  • Clear it out before we start
  • The contract

Clearing Chaos preparing for the estate sale

  • We sort and organize
  • Check if chipped, broken & if it works
  • Research and pricing
  • Appraisers
  • Set up “the store”
  • Permits, regulations, parking
  • Advertising and signage

Sale days

  • Staff/security
  • Numbers, street numbers & collectors
  • Register cash only
  • Traffic flow
  • 2 day vs. 3 day

Accounting

  • Receipt books
  • Excel
  • Statement of Sales

After Sale

  • Condition of house
  • What is done with what is left?