Estate Related News & Articles
Most will relate an estate sale to someone passing on, that’s often incorrect. The estate sale definition is the process of liquidating assets. On many occasions it is referred to as a trustee sale, probate sale, tag sale or liquidation sale.
Reasons For Liquidation
Besides the loss of a family member, here are the most common reasons for holding a sale
The sale of probate property can be complicated, unless you have an experienced probate Realtor on your side. Hiring a Realtor who has extensive knowledge and experience with probate is important to a successful sale.
For example, when an administrator or executor is looking for an attorney to handle the probate process, they’re not going to hire a divorce attorney; they’re going to hire an estate attorney.
When hiring estate sale organizers, one always wonders if a special license or certification is necessary to own an estate sale business. Although many estate liquidation companies are owned by licensed brokers, appraisers or auctioneers, their license isn’t specific to the estate sale industry.
Details about professional licensing
A license gives “permission to practice” it is issued in order to regulate specific activities that require specialized skill. Real estate brokers are licensed professionals, so are estate attorneys, and appraisers.
Estate planning is one of the most overlooked areas of personal financial management. Many of…
Local Estate Sales throughout the country have a variety of items for sale, while the estate sale professionals perform their due diligence on items that can be legally sold during a sale. Estate Sale shoppers must also be aware that the items being sold are used items and requires the buyer to perform their own due diligence and research.
During a local estate sale, you’ll see a variety of items being sold. Each home is different; some may be filled with vintage and antique items, while others hold everyday items, dishes, furniture, including children items such as strollers and car seats.
Finding happiness with less clutter is easy if you downsize. Downsizing involves both real property and personal property. With the help of professionals, rightsizing or downsizing your estate can be achieved while still realizing the most value.
Here are a few reasons why we downsize:
Reaching retirement age and moving to a smaller home
Probate involves the court supervised process of identifying, gathering and supervising of a decedent’s assets to pay debt and distribute assets amongst beneficiaries. The probate administration process only applies to probate assets.
What are probate assets?
Most homeowners ask this same question when they contact an estate sale professional. If you attend estate sales on a regular basis, you’ll see the majority of them do not have the homeowners stay home during an estate sale, but is there a reason why?
There is no law or requirement preventing a homeowner from staying during the estate sale. Estate Sale companies will address this based on preference in their policies and estate sale contracts. Some allow it, and some don’t. If you’re the homeowner,
When it comes to estate liquidation, no one ever considers consignment, it’s also not something we think about when we move or remodel, we simply hold an estate sale, yard sale, or moving sale, and donate what’s left.
Consignment is a great option when there are not enough items in a home to hold an estate sale, or for valuable items that remain after an estate sale.
If you’re an avid shopper, you will not only enjoy the reasons to shop estate sales, but you may actually stop buying anywhere else and only look to shop for items at an estate sale.
Before we dive into estate sales, let’s find out why most of us enjoy shopping in the first place.
After a recent independent survey of shoppers, many shopping reasons were given, but the common 3 reasons were as follows: