Estate Liquidation or Estate Sale
What is it and what is it NOT:
Selling the personal items after someone has passed?
Yes
Sadly, many of our Estate Sales do include this situation, but not all.
Do you sell personal items of someone that is moving out of state or the country?
Yes!
Most of our Estate Sales include this type. It is cheaper to buy new when you get to your new destination, vs moving them. Plus, a lot of the time, items get broken in the move.
Do you buy left over items from a DIY Estate Sale?
Not usually.
Usually when it's a DIY sale, they would need to donate the left over items. To be sure you can contact us and we would be glad to let you know if that is the case.
"My realtor told me you will buy out all the stuff I don’t want to move or from our family Estate?"
Not at all
Many agents will tell you that an Estate Liquidator will “Buy out” items that you don’t want to take with you when you move. However, this is not the case. Due to the expense of leasing a store, it isn't cost effective. To keep our costs low, we have several options to assist with getting rid of the items you no longer want or need.
Do we sell everything including Cars, Boats, and Farm Equipment?
Yes
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What happens with the items that are left? Do you clear out the house?
Yes
We will take possession of the items that are left at the end of the sale and remove them from the property. We will not charge you a fee to remove those items, However some exclusions will apply. Items we will not remove include, but are not limited to: piano's, large safes, over-sized furniture, Non-running vehicles, farm equipment, and other large business equipment items. Those items will require a 3rd party disposal service.
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"Should I try to sell things myself?"
Sure you can, but you should give us a call to help you with that process.
What should we do to prepare for the Full House Estate Sale?
Don’t throw away anything!
Seriously!
Ok, you can dispose of old medications, food from the refrigerator, and personal papers and pictures, but that is all that is necessary! Most companies will dispose of anything that isn’t “sellable” themselves. Do not get rid of clothes, and food in the pantry. Those items are also able to be sold.
A few tips for Trustees (Not Legal Advise): Be careful of what personal items you let family members take. If there is a Will or Trust, it should be followed to the letter. If the trust does not state that anyone will receive certain items, then the profits should be split from the sale of all personal items. Otherwise, someone may receive more than what was intended, leaving the percentage of the Estate off balance. Just because everyone agrees now, doesn't mean someone might not contest the arrangements later. To be clear on how that should be handled, contact your Estate/Trust/Probate Attorney.
Again, not legal advice, but no one that is a beneficiary, should be the Real Estate Agent/Broker for the Estate. They will be profiting from the Estate plus the sale of the real property, potentially creating an imbalance of the proceeds. (They cannot receive a referral either, as it is also a profit from the Estate.) Always get someone that is a third party, and not a “Family Friend” to keep things professional. As I have said before, always ask your Estate Attorney for further advise regarding that matter.
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