How Much Do Estate Liquidators Charge?

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Hiring a professional estate sale company may seem like a daunting task; it’s not something most people are knowledgeable about, making it hard to know what to expect. What do estate liquidators charge and what do they do? How much should you be paying an estate sale company for their services?

When researching estate sale companies, it’s a good idea to educate yourself on how their estate sale fees are structured and investigate what services they offer. This can assist you in making a smarter, more informed decision, especially when it comes to maximizing your profits from your estate sale.

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How Do Estate Liquidators Work?

Most estate liquidators have one main objective: liquidate everything in your home. Estate liquidators want to earn the largest possible amount of money through the sale of the estate’s items in a short period of time.

The estate liquidation industry has evolved over the years. Some estate liquidators have different specialties, while others build their business models around a particular way to liquidate. Hybrid estate liquidators have also started to emerge.

Here are the five types of estate liquidation companies you will most likely encounter:

  • Traditional estate liquidators conduct onsite liquidations where customers can walk through a house and buy items.
  • Estate auction houses bring entire estates (or specific pieces from an estate) to an offsite location to auction them off. Some auction houses specialize in high-end liquidations, featuring items like fine art and luxury furniture, etc. Mid-range liquidations frequently include cars, guns, etc.
  • Estate auctioneers liquidate estates onsite at the home. They are similar to the traditional estate sale in their offerings, but the merchandise is auctioned off rather than priced individually.
  • Hybrid estate liquidators conduct both auctions (usually online) and estate sales depending on the type of estate, what’s included in the estate, and the client’s specific needs.
  • Estate liquidators with an auction-house partner will conduct traditional estate sales but use an auction house for certain big-ticket items like priceless pieces of art, high-end furniture, etc.
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A few more differences include:

  • Estate liquidators will try to sell as many of your items as they can for the best price possible.
  • Traditional estate sales usually last one to three days, and prices are determined by the estate sale company. Most estate sales are discounted as the sale progresses.
  • At an estate auction, which typically only lasts one day, the prices are determined by the buyers, through the bidding process.

Regardless of format, what happens when you hire an estate sale company is pretty much the same across the board. Estate liquidators will:

  1. Stage and price the sale, either by taking the items offsite and displaying them in their showroom or by setting up tables in your home. Depending on the condition of the home and how much there is to sell, this can be a time-consuming job. The items must be unearthed, evaluated, inventoried, and priced.
  2. The estate sale company will also advertise the sale and put up the necessary signage. Management of the sale and post-sale clean-up will follow. Most companies will also arrange for the donation of unsold items and complete a trash removal if requested.

Estate Sale Cost

Most estate liquidators operate on a commission basis. Money is made as items sell. Gross incomes vary from sale to sale but the average estate sale grosses over $18,000. Keep in mind estate sale revenue have many variables that affect the end result of how much estate liquidators charge.

In addition to commission, some companies include other estate sale fees such as trash hauling and advertising.

Hiring the estate sale company with the lowest estate sale commission rate might not mean you’ll be getting the most money in the end. A seasoned estate sale company could have a 50% commission rate, but they offer years of practice, know-how, an established customer base, and relationships with brokers and auction houses—which could mean more money for your estate items. You may also consider an estate sale company with a lower commission rate such as 25%, but a lower estate sale commission rate may mean you’re working with a less-experienced company.

You might also want to ask the estate sale company what they expect the sale to gross. However, you must consider some margin of error as many variables can affect the outcome of a sale, from the merchandise to the weather.

So how much does it cost to hold an estate sale? As mentioned, there are many variables – it depends on who you hire, what you’re selling, how many people attend the sale, the parking situation in your neighborhood, etc. How much your estate sale will make and the commission the estate sale company makes are difficult to predict. Finding the best estate sale company for you and your situation is the most important consideration. Ultimately, you should choose the one you feel most comfortable with.

How Much Do Estate Liquidators Make?

Most estate liquidators work on a commission and charge you a percentage of the estate sale’s gross profits. Estate sale commission rates may vary for each different estate sale and may even vary depending on where you live. As an example, a company might charge you an estate sale commission rate of 35%. So if the estate sale grosses $10,000, you’ll owe them $3,500.

Some estate liquidators may have optional services they provide at additional estate sale fees, such as trash removal or post-sale clean-up. When you are getting quotes from potential estate sale companies, ask about these additional estate sale fees. Ask how these fees are calculated and ask what they normally amount to for the average estate sale. This will give you an idea of how much you might have to pay.

When determining how much the estate sale company is going to charge your sale, they generally draw from one of these three different approaches:

1. Set percentage: The estate sale company determines a set percentage of gross sales for their estate sale services and that’s what they take for every sale, regardless of size, complexity, etc.

2. Sliding scale: The estate sale company determines its percentage based on the total gross sales. For example, the higher the sale grosses, the lower your percentage may be. Here is an example of how an estate sale company might structure its sliding scale:

Estate Sale Gross Total Percentages:

  • $5,000 – $10,000: 50% estate sale commission rate
  • $10,001 – $15,000: 45% estate sale commission rate
  • $15,001 – $20,000: 40% estate sale commission rate
  • $20,001 – $30,000: 35% estate sale commission rate
  • $30,001 or more: 30% estate sale commission rate
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3. In-person estate sale evaluation: This is perhaps the most common method of determining estate sale company fees. In order to understand this approach you’ll want to know what the estate sale company is looking for during the walk through. Most are looking at two major factors: the amount of work required and the value of the estate.

The amount of work required is determined by how many hours the estate sale company thinks they’ll need to put into your sale, including setup, pricing, running of the sale and post-sale duties such as donation, trash removal, and cleanout. If you are liquidating the estate of a hoarder, the company will need to spend a lot more time and effort sorting, pricing, and staging the items in the home. These sales often require many more days as well. Conversely, you may be liquidating an already-staged home that simply needs to be priced. This takes significantly less time. The more work that needs to be done to prepare for the sale, the more you will pay in estate sale fees. Vastly effecting how much estate liquidators charge.

In addition, the estate sale company will need to consider what the estate is worth. If an estate sale company comes into the home and finds items such as fine art, a collection of jewelry, designer furniture, and large power tools, they are going to want to manage your estate sale knowing it will be very profitable. Because of that, they may actually offer you a lower estate sale commission rate in order to win your business and outbid other estate companies. If they see a lot of damaged furniture or old clothing, estate liquidators charge you a higher estate sale percentage, as the lower-value items mean they’ll be making less money for the same amount of work.

Go with the Estate Pros!

The Estate Pros are consistently ranked amongst the top estate liquidators in America as recognized by EstateSales.net, EstateSale.com and others. We specialize in working with families and individuals who are in need of residential liquidation, donation, cleanout and personal property appraisal services.

The Estate Pros are an estate sale industry authority with hundreds of years of combined experience amongst our ownership and staff. Our owners, sales team, and support staff are held to the highest standards of professionalism and service. We treat each of our clients and shoppers with the utmost care, compassion and respect. Learn more about all of our Estate Sales services.

The Estate Pros pay meticulous attention to detail as we handle every aspect of the estate sale process from start to finish. Our experts will work with you from the initial free consultation to the complete execution of your event and everything in between.

You don’t need to lift a finger; we take care of everything for you! Thinking about hiring an Estate Sale Company? Contact the Estate Pros!!!

Thinking about hiring an Estate Sale Company?

Contact the Estate Pros!!!

Call 248-266-9817Free Consultation

What Our Clients are Saying

Excellent4.8Anna DwyerAnna Dwyer ★★★★★ John and his team were extremely knowledgable and kind in handling my father in law's needs. Will work with them again once he is ready to move.Response from the ownerThanks Anna! Janis KotulaJanis Kotula ★★★★★ They are very accommodating, clean, and kind!Response from the ownerThanks Janis!!! Luann BarrettaLuann Barretta ★★★★★ Estate pros made it very easy and efficient for us. Great job. Highly recommendedResponse from the ownerThanks Luann! Kristy KasapisKristy Kasapis ★★★★★ Absolutely incredible company! On time, efficient and professional. Did a great job at our home and would definitely use again. Jonathan is very friendly and so were his men. They left the house clean as well.Response from the ownerThanks Kristy! ELIZABETH PATTENELIZABETH PATTEN ★★★★★ Jonathon was very easy to work with. We contracted for clean out services. The did a great job. We would definitely use them again.Response from the ownerThanks Elizabeth!!! Kendra MalloryKendra Mallory ★★★★★ Excellent service and communication! They cleaned out our grandmother's house of 77 years in 1 day!Response from the ownerThanks Kendra! Jim BarbaressoJim Barbaresso ★★★★★ After interviewing 3 estate sale companies, we chose Estate Pros, and it was a great decision. Communication, documentation, sensitivity, respect, responsiveness, friendliness, and candidness were extremely important to my family as we dealt with the contents of my mother’s house (during a time of heightened emotions) to prepare the house for sale … and Jonathan and his team excelled in all areas. They’re experts in handling estate assets in the best possible way.Response from the ownerThanks Jim & Suzy!!! J ZhJ Zh ★★★★★ They provided an excellent service. Brad helped me pack the dining table in my SUV very perfectly. I really appreciate their service!JZResponse from the ownerThanks JZ!!! Helene ParryHelene Parry ★★★★★ Jonathon of Estate Pros and his crew handled our estate sale as professionals. Could not have asked for a better sale, set up and clean up. Thank you Jonathon-Jim ParryResponse from the ownerThanks Jim & Helene! Greg ToddGreg Todd ★★★★★ A very positive experience overall! Jonathan was both courteous and professional throughout planning and moving our furniture. Much appreciated and we will recommend Estate Pros to our friends and family. Thanks for a great job!Response from the ownerThanks Greg! Jim OleksinskiJim Oleksinski ★★★★★ All my junk (rooms and rooms) was cleared out in a timely manner.Response from the ownerThanks Jim! Andy SchulistAndy Schulist ★★★★★ Well organized sales, fun and friendly. Owner is knowledgeable and helpful. Always a pleasure buying furniture and decor here.Response from the ownerThanks Andy! Elena MettlerElena Mettler ★★★★★ Response from the ownerThanks Elena! Terese BaltesTerese Baltes ★★★★★ ESTATE PROS is THE TEAM you will brag to your friends about. The entire experience from 1st phone call to last exchange exceeded expectations. Top notch communication, responsiveness, professionalism and courtesy. Trust them to provide the most comprehensive service. We wanted quick action and they delivered. Thank you Estate Pros - you earned our sincere thanks and appreciation.Response from the ownerThanks Terese!!! Yvonne VerschuerenYvonne Verschueren ★★★★★ Estate Pros (Jonathan) as well as the guys that came out were hard working, friendly, and kept me in the loop. I love that they work with Habitat for Humanity which also came out. He assured me that as much as possible would be donated before using the landfill.I contacted Jonathan shortly after my father died, but did not use his services until I was ready several months later. There was never any pressure and he was very easy to work with.Response from the ownerThanks Yvonne! We are glad you were pleased with our donation and clean out services! Misty WilkinsonMisty Wilkinson ★★★★★ Super helpful team. Great experience buying from their sales.Response from the ownerThanks Misty! Jill Turner ZdyrskiJill Turner Zdyrski ★★★★★ Jonathan and his team were amazing! They were quick and tidy. Would recommend to anyone needing their services!Response from the ownerThanks Jill! We are so glad you were pleased with our donation & clean out services! Peggy PrimmPeggy Primm ★★★★★ Fast and friendly service, great prices! Would use them again for sure! Highly recommended!Response from the ownerThanks Peggy! Pamela BarnardPamela Barnard ★★★★★ They were quick, courteous, and nice to be around. No complaining, no grumbling just really good workers.Response from the ownerThanks Pamela! We’re glad you are pleased with our donation and clean out service! Pam JumpPam Jump ★★★★★ The absolute best there is in the estate sale business! It’s the content of a business owner’s character that speaks directly to what level of service you will receive from the business. Jonathon T is an exceptional human and remarkable business owner! He and his employees go above and beyond to make each person feel valued and appreciated. All the stars and more for Estate Pros!Response from the ownerThanks Pam! js_loader

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