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:
- We’ll conduct a free consultation with you to understand your estate needs and find out how we can best serve you.
- Create a contract and, if you’re satisfied with it, have it signed by both parties.
- 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.
- Research the appropriate prices for your belongings and put price tags on each item.
- 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.
- We’ll manage the estate sale and arrange for charitable items to be picked up by the charity of your choice.
- 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.