Estate Related News & Articles
The estate sale contract outlines in writing the agreements and responsibilities of parties involved. You as the hiring party, and the estate liquidator or company hired to perform the sale. An estate sale contract is necessary because a verbal agreement is not enough.
All parties mentioned are bound by the details, here’s an example of the various sections generally included in a contract.
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
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.
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:
What you need to know, questions you need to ask when choosing an estate sale company or hiring an estate liquidator.
Estate sales have been around for centuries, and so have many estate sale liquidators, but in recent years, and due to the difficult economic hardships, many unemployed individuals have found the estate sale industry financially attractive and easy to bridge.
You’re faced with an overwhelming responsibility and need to hire an estate sale coordinator, but like most, you’re concerned with what do estate sale companies charge and is it worth it?
When asked, this is one of the biggest reasons people shy away from hiring estate sale companies, and choose to hold an estate sale themselves.