Estate sales are sometimes much like garage sales. These types are best for liquidating a house full of furniture and other items that are somewhat unremarkable and might be found in anyone's home. These sales typically do not include items of exceptional value such as jewelry and antiques.
However, when more valuable items are involved, estate sales usually take the form of auctions. You can find the best estate sales in Nashville online.
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While typically for liquidating the assets of a person who has passed on, these sales can also be held if the owner has a need to dispossess themselves of their personal property in order to relocate or raise cash.
Formal estate sales are complex to plan and facilitate. They require cataloging, organizing, appraising, and auctioneering. These are far more complicated than garage or yard sales. For this reason, individuals usually hire a company that specializes in such sales.
These companies coordinate the efforts, inventory the property, value said items, promote the sale, and comply with legal issues such as probating assets. What's more, estate sale businesses have an established following which practically guarantees customers.
In order to choose a reputable company to hold an estate sale, online searches are helpful, as are referrals from friends or relatives. You'll want to find a company that is both insured and bonded. Once you have two or three prospects, interview them and ask if they will provide a detailed contract for your review.
The typical commission for auction companies ranges from 20 to 35 percent. Alternately, they may charge a flat fee, or a combination of both. Also, ask for references, and investigate their Better Business Bureau standing.