Making money out of an estate sale is worth all the hard work, time and investment one put in for organizing such an event. But it is challenging, time-consuming and emotional as well. To say it in simple words this is definitely a tough spot to be in. With that being said, successful estate sales Newport Beach are a great way to make some money, alleviate yourself from a burden and finally get out of the heartbreak that happened due to the death of your loved one.
A house that has been passed from generations to generations is surely a special thing to witness. Grandkids becoming parents and their children getting married we know it is something to inspire, cherish and enjoy. Unfortunately, this cycle can’t keep up for 2 centuries. Someone has to break it and look for other options. If that someone is you then our blog post quenches your thirst.
People who are in the middle of selling their properties and want to declutter must have to do something about the belongings they simply don’t want. While online selling is a good idea, what if there are so many valuables occupying space on the property? Will you click pictures for each and everything then list it online? No, organizing an estate sale is a much better way to clear the property quickly.
In this blog post, we will discuss what elements make or break an estate sale and why you should pay attention to these while planning. So, sit back, grab a cup of coffee and let’s dive in.
Why You Should Consider Holding an Estate Sale
Estate sales Irvine are potentially a great way to sell household belongings quickly and at a good price. Apart from passionate buyers who always hunt special treasures that hold significant history and culture; estate sales in general are beneficial for homeowners too. Everyone has their own specific reason to organize estate sales – some of the most common reasons are:
- Reduce the clutter and get rid of the possessions and furnishings that are no longer needed
- Homeowners who are about to retire set up Irvine estate sales to add more money into their retirement funds
- Health care expenses usually pile up especially when there is a serious condition someone is going through. In order to keep up with costly health care issues estate sales money comes in handy
Estate sales are usually run by an auctioneer or a professional estate sale agent. These people take a percentage of the total earnings of the estate sale as payment, typically between 25 and 35 percent. The agents put a lot of work into the sale, assessing the value of items, organizing them for display and making sure everything runs smoothly when potential buyers arrive. They’re generally also responsible for clearing out the house at the end of the sale and leaving everything clean and tidy. (1)
Make Sure You Are Well-Aware of The Legalities Involved
It might be your first time getting into something complicated as an estate sale; there is another important factor that you must pay attention to – “Legal Formalities”. Settling possessions and belongings of a deceased person is dealt by probate law. That varies from state to state. So what does this mean? If you are left with a property that requires proper distribution between the rightful heirs then you will have to comply with legal proceedings. Probate process must be addressed before planning an estate sale to make sure everything goes smoothly; you don’t want to encounter unusual disputes for the valuable possessions – these disputes are probably not good for a successful estate sale and would kill the essence of it.
Make A List of Items That You Need To Sell
When you are ready to hold an estate sale; this is the first and most important step that provides a rough estimate of how much money you can make.
Create a list of all the items you wish to sell, including furniture, electronics, clothing, and other belongings. Once you have your list, you must determine which items you’re willing to let go of and which ones you want to keep. When making these decisions, consider factors such as practicality, sentimental value, and current market demand.
If you’re struggling, consider seeking the advice of a trusted friend or family member. Their perspective can be of great help or if they have been in the same position before, outside voices might just be the only thing you need at this point.
You can also use online resources such as auction sites or classifieds to get an idea of the value of the items you want to sell. Once you are locked on what to sell it is time to prepare them for sale; cleaning, repairing, and pricing each item.
Move Out Before An Estate Sale Takes Place
For a successful and stress-free estate sale experience this is very crucial. We recommend homeowners to move out before the estate sale team sets up everything. By doing that, you allow yourself to take the items you want and leave everything else for the sale.
While you already have to deal with strangers going through your belongings, isn’t it better if you move the items that you will take for yourself? Potential buyers will also be much more comfortable when looking for items; as they can easily navigate through the sale without having to deal with obstacles and unnecessary items occupying the space.
Provide as Much Information as You Can
It is not necessary but still wise to provide extra information to the buyers about the items presented. It could be the designer, brand name, signature of a renowned personality; this information is vital to lure the buyers. Estate sales are popular because they bring special and hidden products that can be sold for a greater price. Mentioning these details can increase your chances of getting higher profits.
Remove Necessary Documents
When getting into such things it is possible that you may have left your driving license, ID or anything important somewhere around your property. Make sure there are no important documents visible at an estate sale. Double check these things before the event starts.
Can You Hold an Estate Sale On Your Own
Of course, anyone who knows this thing can definitely arrange a well organized estate sale. However, the time, effort and mental capacity that it takes can be exceedingly difficult. If you’re dealing with a large number of items then you will have to hustle hard.
Everything has to be sorted in a specific timeframe, decide what to sell, price each item, and then display it in an appealing way that attracts buyers. And that’s just the beginning. What about advertising? You can’t just get people to come without spreading the news. On top of that, you will have to handle negotiations, and manage the logistics of the sale day.
Estate sales in Irvine are not something you can do in a day or two, and you’ll have to devote a considerable amount of time and effort to make sure everything runs smoothly.
Unless you’re an expert, you might not be able to get the best price for your items. A professional estate sale company has the expertise and knowledge to price items correctly, and they know how to negotiate with buyers to get the best possible price. All of these problems and hassles can be avoided if you hire a company to hold your estate sale.