Close family members and executors are often charged with the difficult but necessary task of liquidating the belongings of a loved one. While it’s not a simple task, it can be made much easier with the assistance of an experienced estate liquidator.
During an estate sale, property ranging from household items to valuable family heirlooms are offered for sale to the general public during a staged event usually held in the home. Think of it like a garage sale, but on a much larger scale.
Because estate sales typically attract large crowds of people who have free access to most or all rooms in the house, it’s important to deal with a company that is experienced in handling every detail — before, during and after the event.
If you’re considering hiring a company to handle your estate sale, you may first want to conduct a phone interview where you can ask some basic questions. For example, is the company bonded and insured? You may also want to take time to research the company online. Are you finding complaints or compliments? Is the company a member of the Better Business Bureau?
If you’re still feeling comfortable with the company and its representative, ask for a face-to-face meeting. Is the representative courteous, enthusiastic, pleasant and professional? If so, you can begin ironing out details regarding staffing, duration of sale, commission, when you’ll receive your check after the sale and more.
As a rule of thumb, don’t just go with the least expensive estate liquidator. A company with a better advertising and marketing plan will often be more successful at selling your items, thus resulting is a greater overall profit.
Also, remember that all details of the agreement between you and the estate liquidator should be clearly detailed in a contract between the two parties.
For more information regarding successful estate sale planning, please contact The Olear Team today. A wide variety of articles on this topic can also be found on our website at https://olear.com/executors-choice.