What is an Estate Sale?

Pros and Cons of Estate Sales

Pros

Whether you’ve lost a loved one or have decided to downsize and move, choosing what to do with personal belongings can be difficult and emotional. In addition, knowing how to organize, market, set up and price such belongings in order to conduct an estate sale can be extremely overwhelming.

Hiring an estate sale company is usually the most effective solution. A professional estate sale company can help remove the burden and stress of this process by handling every aspect of your transition. Most estate sale companies provide quick and efficient services, leaving the home empty, cleaned, and ready to go

Cons

In having an estate sale, there are a few negatives to consider.

• Entrusting your home and valuables to a third-party service
• Paying a commission for the sale of your property
• Allowing strangers into your home to shop through your items
• Selling some of your items at discounted prices

Finding the right estate sale company is critical, and although finding the right estate sale company does take some work, it’s certainly a worthwhile effort. Learn more about common estate sale mistakes.

Estate Sale Pricing Guidelines

Every estate sale is different, with each estate representing either an individual’s or a family’s lifetime collection of personal items. This presents a wide variety of possible inventory from estate to estate, requiring varying approaches as to how these items are evaluated.

The majority of time spent preparing an estate sale is focused on pricing. This is why it’s essential to rely on professionals like the Estate Pros, who can provide you with the services of a qualified appraiser. The Estate Pros have pricing down to a science. Our qualified appraisers will quickly review and evaluate your items and estimate how much they will sell for.

Estate Sale vs. Garage Sale

Estate Sales, Tag Sales, and Moving Sales are all commonly interchangeable terms used to describe the liquidation of personal property. However, there are definitely distinct differences between these terms and what is known as a garage sale.

Estate sales typically occur when people need to empty an entire home due to the death of a loved one. They are also common when downsizing, moving, dealing with a divorce, or resolving debt. Estate Sales can contain furniture, artwork, jewelry, decor, rugs, vehicles, firearms, etc, and are usually held inside a residence. When hiring a professional estate sale company like the Estate Pros, you will receive a full suite of tailored services, from the initial consultation all the way to the complete cleanout of the residence. That’s the Estate Pros difference!

Whereas garage sales and/or yard sales occur outside the interior of a home and are generally a means for individuals or families to sell a few unwanted household items, garage sales typically do not contain expensive or high-end items.

In addition, there are differences in the way estate sales are advertised and marketed versus a garage sale. Estate sales tend to be promoted to larger audiences via online industry websites, social media, email marketing, etc. This professionally targeted approach can attract interested buyers, dealers, and collectors from all over the world. Unlike garage sales and yard sales, which are typically marketed locally via hand-made flyers taped and street signs.