Estate (or Tag) Sales are a means of selling some or all of an individual or family’s possessions, including the home, and usually take place as a consequence of major life events such as relocation, divorce, bereavement or severe financial problems.
On the announced day of the sale, interested buyers will be able to tour the house and purchase any items which are tagged for sale. Depending on the way the sale is structured, it may sometimes be permissible to place bids below the marked price, but buyers who do so, of course, run the risk of being outbid by later visitors.
Why Work With A Company That Pays Cash For Estates
If you’re not interested in having people walk through your home and haggle price then you should consider a company that makes all cash offers for estates.
1. You’ll receive an all-cash offer in 48 hours
2. Easy and simple process that allows you to sell the estate quickly and without headache
3. We’ll respect your time and family heirlooms
4. Professional and discreet
Choosing The Right Estate Sale Company Is Crucial
As with buying most services in life, there’s nothing more reassuring than a personal recommendation, so start by asking family members, friends and co-workers you trust if they have used an Estate Sale firm or know of one.
If that doesn’t work, go to the website of the American Society of Estate Liquidators (ASEL – www.aselonline.com) which has contact details for thousands of accredited firms across the US. This is not a formal regulatory body but does run checks before admitting firms as members.
ASEL recommends contacting them to double check on a firm before signing any contract, but it’s important to remember that in hiring an Estate Sale company you will potentially be entrusting some or all of your loved one’s most valuable possessions to the care of strangers. So it’s important to do your own due diligence as well.
Start with a telephone interview
- How long have you been in business, and how many Estate Sales have you conducted?
- What are the professional qualifications and experience of your team?
- Do you work on flat fee or commission, or a combination of both?
- Do you have recent references from professionals or satisfied customers?
- Are you fully licensed, bonded and insured?
If all seems satisfactory to this point, then continue your research. A simple Google search should quickly reveal any complaints made against the company. You can also check with your local Better Business Bureau (BBB). If all still seems fine, then proceed to a face to face interview – ideally at the property where the sale is to take place.
You need to be sure that the people you see are professional, knowledgeable and able to answer your questions promptly.
They Should Have Great Answers To The Following Questions
- how long the process will take;
- how they will advertise the sale, and at what cost;
- how they will supervise the sale day process and take care of the property;
- how will they assess and take care of any higher value items, which might be better sold through an auction house.
Estate Sales, almost by definition, tend to take place when the individuals or families involved are going through a time of stress or grief.
But good advice and assistance from properly qualified and experienced professionals can go a long way to mitigate the emotional difficulty of the process.
Follow the above steps carefully and you can have confidence in a successful outcome.