how do i sell my estate items

What items to look for at estate sales?

Things to Look for at Estate Sales

• Sterling Silver. Sterling silver flatware, serving dishes and jewelry are great items to look for at estate sales. ...
• Dolls. Antique dolls in good condition can be valuable. ...
• Glassware. Glassware is a vast category, and you cannot always tell a good buy at first sight; many collectors specialize in a certain glassware producer, such as Limoges, or a ...

How do you price items for an estate sale?

• A certain, stress-free sale
• Arrange it to suit your timeframes
• And guarantee you expert support throughout.

How to price items for an estate sale?

Online Pricing Resources

• Research and Pricing Using Google. Searching Google.com by description and clicking images will allow you to find a similar item by looking at the photographs.
• eBay Pricing Guide. eBay.com is a great resource to use in order to lookup previously sold items. ...
• Replacements.com. ...
• Antique Road Show Archives. ...
• TheSpruceCrafts. ...
• Facebook Groups. ...

Who buys estate sale items?

ODESSA, Texas (Nexstar) – An Odessa storefront has been the target of a serious theft, just days before an estate sale was set to begin on site. The theft happened at Miller’s Tack and Saddlery, located on the 500 block of Grant Avenue in Downtown Odessa.

How do you price items for an estate sale?

How to Price Household Items. The art of estate sale pricing is based on “fair current market value.” This is less than what you would pay for the same item at an antique store and way less than you would pay for the same item new in a store or online. Put yourself in the estate sale shopper's shoes.

What do you do with stuff left over from estate sale?

3 Things to Do With Estate Sale LeftoversDonate Them. There's always someone who could use clothes, appliances, toys, and other items that you're selling. ... Liquidate Them. If you want to make money on the items, there's always estate liquidator services available. ... Store Them. ... More From Storage King USA.

How do you liquidate house contents?

Here are 12 ways to liquidate the stuff you no longer need:Give some things to your children and grandchildren (ask them for a list)Donate to charity.Have an estate sale.Call appraisers for specific items (old toys, silver, art)Send items to auction and see what they bring.More items...•

How do I hold an estate sale myself?

How to Hold an Estate Sale by YourselfCreate and Sort Your Inventory. Before determining the date and time of your sale, decide on your inventory. ... Prepare Your Estate Sale Inventory. ... Price Your Items. ... Display Your Items for Sale. ... Set Yourself Up for Purchases. ... Take Security Measures. ... Check Local Restrictions. ... Advertise.

How do I advertise an estate sale for free?

Use programs like OfferUp and LetGo to sell your individual items. Electronic apps can be great ways to advertise for free. There are programs specifically for buying and selling items, like LetGo and OfferUp. Download these apps, create a post for an item, and connect with local buyers.

What are the best days to have an estate sale?

Thursdays through Sundays are prime days for estate sales; the only days that sales don't happen are Christmas and Thanksgiving. Fourth, make the estate sale presentable and enticing. Tidy up the house and be sure you're selling clean, undamaged items.

How can I sell all my stuff at once?

Here are the 3 best ways of selling everything before moving away:Sell your stuff at a garage sale. Probably the most straightforward way to sell everything you own before moving is to organize a huge yard sale. ... Sell your stuff online. ... Sell your stuff together with the house or apartment.

How do I get rid of everything full of my house?

Clearing out the rest:Clean out and toss broken items. Go through the house room by room and clean out the clutter. ... Host an estate sale. One of the most profitable ways to clear out your parent's house is to hold an estate sale. ... Donate items that are left.

What is the best way to sell a house full of furniture?

Contact a professional liquidator if you have a lot of furniture to sell, and they will suggest the best method for disposing of your furniture. They might suggest an on-site auction, moving everything to an auction house, or having a tag sale.

What is an estate sale VS garage sale?

Simply-put; the big difference is that garage sales are for old and unwanted household items that the residence no longer have any use for—estate sales are more formal and are meant to get rid of a late family member's entire estate. They are both for anyone finding a good deal on some interesting items.

What do you wear to an estate sale?

Dress comfortably Wear comfortable shoes and clothes that you can easily move around in, but leave the work boots at home. Sometimes people still live in the homes where sales take place, so you wouldn't want to track dirt through the house.

What factors to consider when liquidating an estate?

Factors to consider include location; the number of items remaining after family members have made their selections; high-value items and collections; and the needs or desires of the family. Here are a few options to carefully consider when liquidating an estate.

What is the process of selling or buying goods by offering them up for bids?

An auction is the process of selling or buying goods by offering them up for bids. The highest bid is the successful buyer. The bidding is controlled by the auctioneer, who will do his best to get the highest bids possible.

Is liquidating an estate emotionally demanding?

Liquidizing an estate can be physically and emotionally demanding. Sometimes when a family tries to save the cost of paying a professional their commission, the family loses out on the special knowledge that could help them get the best price for their items.

Is consignment a good idea?

Consignment may be a good choice for a few nice-quality items, but not a good option for a house full of things. 4. Make a donation of remaining items. Families may wish to donate the entire remainder of the estate to a worthy charity. This costs nothing and the family receives a tax-deductible receipt. 5.

Is online auction good?

However, most people don’t understand the amount of effort and time required to successfully launch just a handful of items.

Is it easy to conduct an estate sale?

Conducting an estate sale is no easy task. Muscle power and organizational skills go into every sale. A good estate sale professional answers your questions, including whether an estate sale is the best option for you. When they contract for an estate sale, an estate sale professional will research items and price accordingly.

Time

In order to consign items for sale with an antique store or another shop you first must bring the items in, then negotiate a commission rate and price the items (or trust the shop to price the items for you), and then you wait. While the primary steps will take a significant time investment on their own, waiting can be an endless task.

Effort

When it comes to finding a store in which to consign your items, there is a good amount of research involved (and the burden of the hunt is unfortunately on you). A simple internet search of antique stores in which to consign your items may not turn up very many results.

Payoff

As I touched on before: after all of your hard work, consignment shops are not able to guarantee that you will ever see fruits for your efforts. Your items may sit on a shelf, collecting dust, and could even possibly break or be damaged before you see any return on your time investment in consigning them.

How to advertise an estate sale?

Advertise the auction for the estate household items. Once you set up your sale through an auction house, get the word out. Place ads in local newspapers or send out brochures detailing some of the items that will be featured in the auction.

How to organize household items for sale?

One of the easiest ways to organize your items is to use a cell phone camera or digital camera to take pictures of them . Taking pictures will help you make a complete list of all your estate household goods.

When is the estate sale for 2015?

Monday, August 24th, 2015. It can be overwhelming to sell many estate household items at once, especially after a family member has passed away. Instead of trying to arrange an estate sale yourself, it is much easier to go through an auction house. You should first assess the estate household items you are wanting to sell ...

How to get more for an item?

Take an inventory of all the items you have. You may decide you want to keep some items or pass them on to other family members. You may think you can get more for an item by selling it yourself, especially if it is valuable. You may not get what a household item is truly worth at auction. Keep the household items that are precious to you.

What to do when an estate has more debt than assets?

In cases of insolvency, where the estate has more debts than assets, it’s necessary to check the state law to see what you need to pay. Some states have a priority list when it comes to covering expenses. 3. Determine Whether It’s Possible for You to Sell the Estate.

What documents are needed to sell a house?

To ease the process of selling your home, you’ll need to have the right paperwork. If your loved one died suddenly or did not leave you with any important documents, you may need to look through their belongings to find them. Here are some of the most important documents to have when selling your deceased loved one’s estate: 1 Copy of the homeowners insurance policy 2 Bill receipts 3 Your loved one’s will 4 Bank account documentation 5 Investment account information

What happens if you have both an executor and a beneficiary?

If your loved one has named both an executor and beneficiaries of the property, then you will need to get the permission of the executor to sell the home. If the executor and beneficiaries disagree on what to do with the property then you may need to go through the court system.

What is the process of transferring property from a deceased person to a living relative?

The legal transfer of property from a deceased individual to a living relative or beneficiary can sometimes require court intervention, this process is called probate. In the event that your loved one left behind will, you may not have to worry about any legal proceedings.

What is sole ownership?

Sole Ownership: Any property that is owned by one individual is typically titled under sole ownership. This property isn’t transferred to anyone else after the death of the individual owner unless it’s been stipulated prior to the individual’s death.

Do you have to settle debts when selling a house?

You’ll Need to Settle Debts . If you intend to sell your deceased loved one’s home, then you will need to keep up with the home’s expenses. If your relative’s estate has an executor named, it will be their responsibility to cover the costs of maintaining the estate.

Do you have to pay state taxes on a property transfer?

You’ll Need to Pay State Taxes on the Transfer of Property. Federal law dictates that you’ll have to pay estate taxes on the transfer of the ownership of the property from your loved one to you. Additionally, you will need to pay taxes on the sale of the home once you have successfully sold it.

What is an estate sale?

Don’t let the funereal term “estate” fool you; an estate sale simply refers to the selling, en masse, of most of someone’s possessions. Think of it as a garage sale on steroids.

Does estate sale cover death?

But in reality, estate sales can cover many circumstances beyond the death of a homeowner. Here’s the lowdown on what they entail and how to run a successful estate sale of your very own.

What is an estate liquidator?

Professional Estate liquidators can be a variety of estate professionals such as an estate sale company, auctioneer or estate buyer the goal is to provide you with estate liquidation services by liquidating the personal assets.

What to do if you are not in probate?

If you are not in probate, simply downsizing or looking to rightsize your living space, rely on an estate sale company to guide you on whether you will get the best value from a buyout liquidation or by holding an estate sale.

Can an estate liquidator help you sell your house?

When there are not enough items, your home is deemed unsafe to hold an estate sale or you’re in a rush and want to turn your items into cash quickly, an estate liquidator can help you achieve this by evaluating the items you have and make you an offer as a bundle.

How much commission do you pay for a sale?

Negotiate fees. In general, you’ll pay a sales commission equal to 20 to 50 percent of the sale price. If your sale totals less than $300, you’re more likely to pay that 50 percent; more expensive items are charged lower commissions.

What auction houses sell rare art?

You’re probably familiar with well-known auction houses such as Christie’s and Sotheby’s, which sell fine artwork and rare antiques for millions of dollars. But there are lots of regional auction houses across the country that will handle less rarefied goods.

What percentage of capital gains tax is paid on collectibles?

Just keep in mind that the IRS may want a cut of your profits. It taxes the proceeds from the sale of collectibles as capital gains, generally at a rate of 28 percent . Under IRS regulations, collectibles include works of art, rugs, antiques, metals (such as gold, silver, and platinum bullion), gems, stamps, and coins.

What do shop owners want?

Shop owners generally want top-quality furniture, and some take only antiques. Other items, including clothing, sporting goods, household goods, jewelry, and artwork, should also be in great shape. Clothing, in most cases, should have been bought in the past year or two so that it won’t be out of style, says Schneider.

How long does it take for a shop to return unsold items?

Most shops will generally return unsold items after 90 days or may donate unsold items to a charity and give you a receipt. Shops should give you a written contract that spells out who is responsible for lost or stolen goods, the payment schedule, and what happens if your goods don’t sell.

How much is a presale worth?

The presale estimated value: $30,000 to $50,000. Of course, you may not have a masterwork, or even a minor work, hiding in a storage unit. But your basement and attic may be bursting with possessions you no longer want, and you might be surprised by the amount you can pocket if you know the best ways to sell your stuff.

What happens if you don't clear your hard drive before selling?

If that isn’t cleared before selling to rid it of personal information, you could be held liable for what that hard drive contains and how it is used in the future. Used/Retired Baby Gear – toss it! Used baby items can be sold to a limited extent.

What items can be cleaned and sanitized?

Bras, panties, boxers, and lingerie. Even night gowns, socks, and robes. Although it seems strange and may make you uncomfortable, everyone is in need of these items and they can be properly cleaned and sanitized making them ready to use again!

Is it illegal to sell ivory?

Antique ivory, if proven to be so, is not illegal to sell. However, some states like New York say that it is illegal no matter what.

Can you sell used baby items?

Used baby items can be sold to a limited extent. For example, antique cribs are popular for collectors and used clothing is a great way for a new family to save money. However, the line is drawn at items used to ensure the safety of the child. These items include car seats, cribs, toys and high chairs, just to name a few.

What is social sell?

SocialSell is a totally app-based platform that allows you to sell virtually anything. When you place your household items up for sale, you can communicate with buyers directly through the app. There is no need to give out your phone number or email address as SocialSell keeps your information private. Once you have secured a buyer for your items, you can set up a place to meet them.

How does a consignment shop work?

A consignment shop works by putting your belongings up for sale.

Can you sell household items on eBid?

Good to Know: With eBid, you can create the exact category to list your household items, and there is no limit to what you can sell on the site. eBid will let you see how to sell household items quickly and in a competitive way as you get to see your bids come in.

Do you need a table to sell your goods?

You’ll need tables to display your goods, but if you have a lot of items to get rid of this can be a good way to sell large amounts quickly. Flea markets also allow you to set the price of your items. Customers will try to negotiate a lower price, but ultimately it is up to you what you sell your belongings for.

Do consignment shops buy outright?

Good to Know: While this will take some time to occur, you will eventually get your money or your items back if they don’t sell in the allotted time. Some consignment shops will buy your items outright , making it a smooth and fast transaction.

Assess The Estate Household Items

Find An Auction House to Sell The Estate Household Items

• Look for a quality auction house to sell your estate goods through. Talk to family and friends and ask for recommendations, or research nearby companies online and read reviews. Call the companies and ask questions, or stop by to take a look and speak to the auctioneers in person before choosing one. Find out about the auction house’s experience an...

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Advertise The Auction For The Estate Household Items

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