Ging Koen Glish Miscellaneous How Do Estate Sales Work? Experts Reveal Top Treasure-Hunting Tactics

How Do Estate Sales Work? Experts Reveal Top Treasure-Hunting Tactics

Though they’re usually held after someone dies, they can also be necessary because of long-distance moves, divorce and bankruptcy. Whatever the reason, estate sales can be a good way to pay off debt or make money off unwanted possessions. For the shopper, they’re often a great place to find bargains, antiques, and unusual items. Shoppers can pay for their purchases with cash, checks, credit cards, or debit cards. The ability for shoppers to pay with credit cards can often spur the purchase of high-end items. The estate sale company decides which forms of payment it accepts. If there are a lot of estate sales, garage sales or rummage sales taking place on the same day, customers have more options to shop elsewhere.

If you’re visiting a neighborhood for the first time because of an estate sale, Solomon recommends making a day of it and finding a coffee or lunch spot to visit afterward. Coffee mugs purchased from estate sales on a shelf in the kitchen of Amy Solomon’s home. There are a battalion of checks that need to be marked; accompanied by even more hats that need to be worn by the end of the estate sale. These are three very different audiences, and all must be approached in very different ways. There are many services available to entrepreneurs who want to set up a business phone system. We’ve reviewed the top companies and rated them based on price, features, and ease of use. Check out our review of the Best Business Phone Systems 2023 to find the best phone service for your small business.

Pros of Hiring an Estate Seller

Although the family members of the deceased may keep some favorite or sentimental items, everything else is fair game. On occasion, if the home has already been sold, the new homeowners may put a few items that they want under contract.

Do what you can to create the kind of atmosphere you’d like to attract the customers you want, and not problem shoppers. If you’re new to the estate sale business, you’re still figuring out what you need to make the sale go smoothly. Even if you’re an estate sale veteran, it can be easy to forget things last minute. As part of your planning for your downsizing estate sale, decide what you will do with the proceeds. You might invest in an IRA or use the money to purchase an annuity.

Want some help naming your estate sale company?

A professional appraiser who specializes in estate sales can go through the house with you and give you a much better idea of the value of your possessions. Advertising plays a crucial role in ensuring a successful estate sale. Utilize various channels such as online classifieds, social media platforms, community bulletin boards, and local newspapers to promote the event. Include attractive photos of key items and highlight any unique or valuable pieces that may catch people’s interest.

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