estate sale contracts

Estate Sale Contract: What Sellers Should be Aware Of

An estate sale contract is an important document. As such, it makes sense to ask questions and raise concerns before affixing your signature on paper. Doing so solidifies an understanding between you, the seller, and the estate sale company. A clear-cut agreement between parties is crucial for a smooth-sailing estate sale process.

As a seller, there are a few things you need to know about estate sale contracts:

 

A contract should clearly identify who the sellers are

 The last thing anyone wants is trouble during the sale. To avoid such a scenario, it’s best to name all the parties involved. This is particularly important in rather large families or groups that include extended families.

It’s also not enough to just name them in the document; they should also be present during the signing of papers. Their presence is crucial so that they too can voice any questions or raise any concerns they might have regarding the estate sale.

Apart from their presence, all of those who are named should sign the contract. This makes it clear that everyone is in agreement even before the sale takes place.

 

A contract should contain all the relevant information

 Hiring an estate sale company means you are giving them access to the property. The contract needs to state who is responsible for property access. That point person will be in charge of where and when estate sale employees can gain access to the property.

A property can have many access points. As such, you should specify exactly which entrance employees should pass, and whether or not they need a gate or alarm code to get in.

Since companies dealing in estate sales will be visiting the property to look at items for liquidation, the document should also specify that you, the seller, will be responsible for providing electricity, water, and heat.

 

A contract should have a cancellation clause

 This is present in almost all estate sale contracts, and terminating an agreement can go both ways. You, as the seller, can back out for whatever reason. The same benefit should also be afforded to the estate sale company.

Both of you should outline any stipulations that may lead to the termination of a contract. For instance, an estate sale company may choose to end and agreement because they have found a seller difficult to work with.  This may include violation of agreed terms like leaving estate sale employees to go about their own business.

 

A contract can include a clause allowing the company to charge a commission

This, in particular, applies to items that have been part of the sale but was removed. The removal in question has to be done after the contract was signed and during the sale process. Many estate sale companies deduct the value of the item from the overall sales.

This also highlights the importance of having every person in the family or extended family who might want something to be present. Doing so would avoid including an item they want from the sale.

Keep in mind that an estate sale contract is a legal document. You should only sign in when all the terms have been included and you agree with what’s on paper.

estate sale company

A Few Things to Know about Estate Sales

These days, it’s not unusual to get rid of a few possessions when moving. But there are usually large life changes that a person is going through, such as dealing with large debt, a divorce, or a death in the family as to the reason why they’re contacting an estate sale company.

 

Another reason to hold an estate sale is because things need to be sold fast. An estate sale can do just that, and furthermore, an estate sale company can handle everything from start to finish.

 

So if you find yourself in a position where an estate sale may be right for you, or you plan on attending one, here are a few things to know and maybe a few tips to implement:

 

It is different from a garage or yard sale

These types of sales are usually DIY affairs, because you want to get rid of some things and maybe make a little extra cash. You set the price for items and you are in charge of how everything is displayed.

 

Estate sales, on the other hand, are typically held out of necessity. People can no longer keep these items for various reasons. And while the family may choose to run the estate sale themselves, often times an estate sale company with professional liquidators will be called in to take care of everything from pricing to clean up.

 

Another big difference between yard sales and estate sales is the quality of items. High-end items are more likely to be found at estate sales likely because these items have been held onto for long periods of time. Things like jewelry or works of art can be found at estate sales, and these items are usually marked way down making these sales appealing to the public.

 

 

Estate Sales Held By Professional Firms

An estate sale, as stated earlier, can be run by the family. However as a shopper, you may be more interested in sales run by professional firms. When an estate sale is held by professionals in the field, you are assured that items are thoroughly researched and fairly priced.

 

You should also notice right away the difference in organization. All items will be clearly priced, there is generally a structure to how people purchase items, and should there be any items that aren’t sold during the sale itself, estate sale companies have the appropriate connections through auction houses or other means to sell those items fast.

 

Every item will be sold

If you request everything to be liquidated, an estate sale company will make sure to do just, and sell everything in the whole house. This also runs the risk of accidentally selling an item that you didn’t mean to have sold, or that you wanted for sentimental reasons.

To avoid such a scenario, it’s best to browse through all items to ensure that you have kept everything you can keep (all sales are final at an estate sale).

 

Contact Dignity Estate Sales for more information, or if you’re looking for an estate sale company for yourself.

 

estate liquidators

Which Tasks Will Estate Liquidators Handle for You?

You’ve probably heard that estate liquidators can help you when you’re going through major challenges in life, such as divorce, relocation to a nursing home, or death in the family. But, like many people, you might not have a clear idea of exactly how these professionals can help you. If this is the case, we’ve created this guide to help you understand the tasks that estate liquidators can handle when you hire them.

 

Cleaning and sorting

When you hire estate liquidators, the first thing they’ll do is help you sort through your items and ensure they’re clean and presentable. They’ll also dress your tables and other surfaces and create displays that are attractive and eye-catching.

 

Pricing

Pricing is one of the most difficult things to do when you’re having an estate sale. For one thing, you won’t only have to price large items like couches, tables, and cabinets. You also have to deal with small pieces like vases, plates, ashtrays, and many other things that are found throughout your home. You also have to be knowledgeable about the latest prices of personal items to set the right price tags without overcharging. Fortunately, when you have an estate liquidator, they’ll take care of determining the prices for your items.

 

Valuation

If you have artwork, antique furniture, and other expensive items, estate liquidators will work with experts in the relevant field, such as artwork collectors and antique experts. This way, they’ll know the exact value of your valuables and ensure you’ll sell them at a profit.

 

Advertising

If you go with DIY estate liquidation, you’ll be in charge of advertising the estate sale and making sure a lot of people know about it. This can be a headache, so it’s better to leave this task to the experts. Professional estate liquidators have an existing mailing list of people who are interested in estate sales. Because of the interesting items they have on offer, liquidators can easily advertise your sale and ensure plenty of customers. They also use other advertising techniques including social media and leaflet distribution.

 

Permit obtainment

Many towns and cities require people to obtain permits before they can hold estate sales. Thankfully, professional estate liquidators are knowledgeable about local laws and can help you get the required permits to ensure you won’t have any legal trouble with your estate sale. They’re also highly familiar with any regulations on signage limitations and parking restrictions. Liquidators work to make sure your sale will comply with these rules.

 

On-the-day management

You won’t need to do anything on the day of the sale when you hire an estate liquidator. He will take care of everything, including getting security personnel to prevent theft and hiring staff to answer customers’ questions and encourage them to make a purchase. Your liquidator will also process the payments and use a payment method that you’re comfortable with. This includes payments such as cash and/or credit card.

 

Post-sale cleanup

Most estate sales can leave a mess after customers browse through the items and pick out what they want to buy. If you get the help of an estate liquidator, you won’t have to worry about this since they’ll tackle the post-sale cleanup. They’ll take the unsold items, and donate them to your charity of choice. They’ll also clean your house from top to bottom, then return your house keys. As a result, you know that you’re coming home to a neat and tidy house.

 

These are some of the tasks that estate liquidators can handle for you. If you’re ready to hire one, simply call Dignity Estate Services and learn more about the solutions we offer.

Estate Liquidation Process

The Whys and Hows of Estate Liquidation

Not everyone is familiar with estate liquidation, but it’s something that many people experience at least once in their lifetime. If you believe that you need this type of service now or in the future, you have to know the whys and hows of the estate liquidation process.

 

Reasons for Estate Liquidation

There are many reasons why people undergo the estate liquidation process. Here are some of them:

 

  • Having a loved one pass away — Many people don’t get the chance to clear out their home before they pass away. If your parent or any other family member has passed, you might need to do an estate liquidation to deal with the physical possessions they have left behind.

 

  • Getting a divorce — Couples who get divorced usually opt to liquidate their estate and divide the proceeds between them. This is easier than deciding who gets to keep what.

 

  • Moving to another place — If you’ve been accepted in a job in another state, or if you’re starting a new chapter of your life across the country, you might not have the time or energy to pack your things and haul them with you. Estate liquidation will help you get rid of unwanted things ASAP.

 

  • Downsizing your life — Whether you’re an empty nester or a recent retiree, you’ll greatly benefit from downsizing and moving to a smaller home that’s easier to maintain. Using estate liquidation services will help you do this in a faster and more efficient way.

 

  • Relocating to a senior home — If your parents are moving to a senior nursing home, they wouldn’t be able to take all of their things with them. You can suggest estate liquidation to help them dispose of the things they no longer need or want.

 

  • Being in debt — One of the ways to raise funds for debt repayment is to sell furniture, appliances, and other items you no longer need or can live without. An estate liquidation company will help you sell your items ASAP, and you can then use the proceeds from the sale to pay your creditors.

 

The Major Steps of the Estate Liquidation Process

Different estate liquidation companies have different policies. Here at Dignity Estate Services, this is the estate liquidation process that we follow:

 

  1. We’ll conduct a free consultation with you to understand your estate needs and find out how we can best serve you.

 

  1. Create a contract and, if you’re satisfied with it, have it signed by both parties.

 

  1. Clean and sort your belongings and display them in a way that makes the items and your entire home look inviting and attractive. Before we do these, it’s advisable for you and your family to go through everything and select the things you’d like to keep.

 

  1. Research the appropriate prices for your belongings and put price tags on each item.

 

  1. Advertise the sale through email marketing and other means to ensure that people will know about it and will show up on the day of the sale.

 

  1. We’ll manage the estate sale and arrange for charitable items to be picked up by the charity of your choice.

 

  1. Ensure your home is clear and broom-clean before we hand the house keys and the proceeds of the sale to you.

 

Arrange Your Estate Liquidation Today

Liquidating your estate is one of the ways to solve life’s challenges and achieve emotional healing during stressful times. If you’re ready to begin the process, contact Dignity Estate Services and let us assist you.