What is an Estate Sale?

What is an Estate Sale?

The first step we take for estate sales in Memphis is to have the individual situation assessed through a company that handles the sale of personal property. Typically, estate sales involve selling all the contents of a home because of death or a complete relocation. The contents may include significant items for collectors or investors, but also include items that can be resold at market demand. The goal is to liquidate the personal property for the highest cash value possible.

This goal does include stress factors for the person or individuals selling the property because of deadlines and sentimental value. The challenges include making sure that everything is actually sold and this involves logistics for some of the property items. The key to choosing a good liquidator is a company that is most interested in helping you accomplish your goals effectively.

Commission for Estate Sales in Memphis

Companies that perform estate sales in Memphis do charge a commission for the sale process. The commission includes fees for all the steps necessary to perform the sale. Pre-sale organization, research and advertising are all tasks included in the commission as well as pricing and staffing. While the liquidating company does research prices for the contents, the input of the seller is still valuable in determining sell prices. Any remaining items can be donated or hauled by the company but there is an additional fee for this service outside of the commission. The commission is based on the analysis of the estate and is based on the item quality and quantity as well as the work it takes to prepare the estate for the sell date. Exact percentages are determined by the condition of the estate and the contents. The due date to pay the commission from the sale is determined by the company that hosts the liquidation of assets. The Process for Memphis Estate Sales Once a real estate analysis has been done on the estate, the process begins to set a date, complete an inventory and proceed to prepare for the sell date. It is not always necessary to completely clean a home before the sell date. However, presentation can mean the difference between getting optimum prices for the items and falling short. Memphis estate sales include everyday household items as well as the other specific items like autos, furniture and collectibles. Any items that remain after the sale can either be donated to charity or trashed. This typically means that you will need to acquire a hauler to get rid of any large items or a lot of small items. You even have the option of another sale date for the remaining items but you may need to relocate those items yourself. Local Estate Sales Local estate sales can be found listed in local newspapers and online. Typically, estate sales are regularly listed by the day for the week or month. The lists change frequently and usually include a general overview of what contents are available. You can also get email notices of upcoming local estate sales in your area.