Estate sales

[dereksbicycles]

I'm curious if you ever hired anyone to do estate sale for you, your family members, relative or your friend(s)? If you have done one, great. I'm curious about what people look for when they hire professionals to do estate sales?

1. I understand that they usually want 30% of your sale.

2. It's very likely that you will have to be out of the house while they organize for estate sale.

So what do you look if you wanted someone to sell for you? I was thinking that I would love to have some say in how items are priced. Secondly, I would want to know where they advertise and what type of clienteles they reach. Thirdly, how fast would you want to be paid after sales. What % will they take for their shares?

More??

 

[whiskeyonesix]

You mean like professional Real Estate or Estate Agents? I used an Estate Agent to sell my apartment back in the UK when I emigrated. The housing market was crap so it sold at auction - I think the auction fee was something like 3%
30% is a helluva lot of money....
If you're looking for someone to sell a property maybe it's worth asking around.... some do a deal where you either pay them a flat fee out of the selling price or a percentage - whichever is the higher...
But that's how it works in the UK, as for the USA I dunno................

 

[caz12]

i uk to and i think you right with cost....my son just bought a house estate agent and top surveyer passed it,they asked builder do a few jobs and discovered it was asbestos everywhere...builder knock down a wall and another wall behind it,it was pr-fab..owner knew but lied the surveyer had not a clue...my son sued estate agent for thirty grand and got it..
i expect estate agents lawyers etc all over world have ethos screw the client

 

[whatdidyousay!]

I'm curious if you ever hired anyone to do estate sale for you, your family members, relative or your friend(s)? If you have done one, great. I'm curious about what people look for when they hire professionals to do estate sales?

1. I understand that they usually want 30% of your sale.

2. It's very likely that you will have to be out of the house while they organize for estate sale.

So what do you look if you wanted someone to sell for you? I was thinking that I would love to have some say in how items are priced. Secondly, I would want to know where they advertise and what type of clienteles they reach. Thirdly, how fast would you want to be paid after sales. What % will they take for their shares?

More??

If anyone tell me I have to be out of my house to organize an estate
sale, that person will be out of MY house in no time.

You should find all your receipts if possible and take photo of each item with it receipt on it . I would take a photo of everything that going to be in the estate sale . And I would talk an estate lawyer to see what you should do or see if they know someone you trust . I would think you would have to pay some state taxes too if you have them in your state.

 

[Reba]

In America, an estate sale usually means someone is selling all the contents of the house, not the house itself. Often these are held by people who either inherited Granny's house full of stuff, or by Granny herself when she wants to do a drastic downsizing.

People who specialize in setting up estate sales work on percentage of the sales for their commission. That usually includes them organizing the sale, advertising it, and conducting the sales.

A real estate auction is not the same thing. That is sale of the actual house. Often the homeowner has become delinquent in paying property taxes or is in a financial bind and can't make the house payments or the bank has taken over the property.

In America, licensed Realtors or Real Estate Agents help people buy and sell their properties for a commission.

 

[Reba]

i uk to and i think you right with cost....my son just bought a house estate agent and top surveyer passed it,they asked builder do a few jobs and discovered it was asbestos everywhere...builder knock down a wall and another wall behind it,it was pr-fab..owner knew but lied the surveyer had not a clue...my son sued estate agent for thirty grand and got it..
i expect estate agents lawyers etc all over world have ethos screw the client

In America, by law, home sellers are required to provide full disclosure. The presence of asbestos is one of those things they're supposed to disclose. Of course, it is also a responsibility of the buyer to hire a home inspector to search out potential problems of the property before closing on a house. The contract should include the clause that if any problems are discovered by the inspection, the sale is null and void.

 

[Reba]

We recently went thru many of these experiences because we helped our neighbor (elderly widow) prepare her home for a downsizing move, and for sale. We dealt with consignment sales of her furnishings, finding her an agent, and remodeling her house.

Her house sold with 10 days of listing for close to the listed price (which we knew was high). It took a while to get thru the closing process (a few bumps in the road) but within two months the house closed, and the new family is moving in.

The consignment sales have been good for our former neighbor. For the past three months she's been getting checks of over $500 each for her things that have sold. That's in addition to other things that we sold for her (without consignment) prior to her move.

Yes, consignment sellers keep a percentage but there's no way the homeowner in this case could have dealt with handling sales herself. It's worth paying someone for doing the work.