How Much Do Estate Sale Companies Charge?
These days, there is a tremendous number of estate sale resources at your fingertips. Some sites to get to know are eBay, Marketwatch, various auction houses, even higher-end ones like Christy’s and Sotheby’s. The more you know about items, including history, construction, and value, the better prepared you’ll be (and the more money you’ll make).
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Let everyone know when and where your sale will take place, along with what types of items will be available. Some municipal organizations will forbid you from putting up signs or distributing fliers. If yours doesn’t have such restrictions, post signs for the sale and for parking availability. Once you have the entire inventory sorted and categorized, you’ll have a better idea of how much time you need to prepare.
All items 25% off (or 50%, etc.)
In addition to needing a permit, Ruby notes areas may also have rules surrounding street signage placement, as well as how many sales you can host in one year at the same address. “If the city does not require a permit, they will still most likely have rules and regulations they would like you to follow,” Ruby says. For online advertising, Ruby recommends using estatesales.net, but she does note that they charge a fee for sale listings.
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Research rates in your area to get an idea of how much estate sale companies charge. Make sure that your website looks professional, clearly states what you do and where you do it, and encourages response. Here is an example of a well-executed estate sale company website.
The NAR’s rules also prohibit a buyer’s agent from making home purchase offers contingent on the reduction of their commission, according to the complaint. “The settlement releases our company, affiliated agents, and franchisees from liability related to these claims. The jury verdict, while disappointing, does not alter our settlement,” said Trey Sarten, a spokesman for Anywhere Real Estate, in an emailed statement. Amy Solomon leaves an estate sale with her purchases, a pair of cocktail glasses, a fanny pack, a coffee mug, a book on wind chimes and a golf-themed bottle of after shave. Solomon’s “I Dream of Jeanie” toy was purchased from an estate sale.
Another notable insurance policy that many businesses need is Workers’ Compensation Insurance. If your business will have employees, it’s a good chance that your state will require you to carry Workers’ Compensation Coverage. Recording your various expenses and sources of income is critical to understanding the financial performance of your business. Keeping accurate and detailed accounts also greatly simplifies your annual tax filing.
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The process typically starts with a thorough assessment of the items you wish to sell. Estate sellers should take inventory and categorize belongings into different groups. For example, arranging items such as furniture, appliances, collectibles, clothing, and more. For example, most people who are not real estate agents think of an estate sale as an auction where furniture and other household possessions are sold off to the public.
Garage sales typically take place in the driveway and/or the yard (hence the term “garage/yard sales”). In contrast, estate sales take place throughout the entire home and premises (i.e. why they’re called “estate sales”). There are some instances in which it may be beneficial to hire a professional, rather than attempt to host an estate sale on your own. According to Ruby, one reason is not having enough people available to help you set up your sale and handle the public.
To make pricing and selling easier, remove all objects from their original places and sort them by function or, in some cases, value. Categories might include appliances, clothing, and works of art. Consider asking potential estate sale pros the following questions to help you pick which one to hire. Letting small children run amok in someone else’s home, whether or not it’s an estate sale, should be an apparent no-no.