If you have a large number of antiques in your home that you want to sell off – or if a family member has passed away and left a sizeable estate – an estate sale is a great choice for liquidating these items. Conducting an antique estate sale is far more complicated that holding a yard sale, as you may be dealing with some valuable items. By following a few simple tips, you can hold a successful sale.
Organize Your Property
To make the process of pricing and selling your antiques easier, divide your items into categories. Organize your antiques in a way that makes sense, such as sorting by function, material, or value. Especially expensive and valuable items should also be separated out from the rest of your inventory.
Have Your Valuables Appraised
Before you hold an estate sale, it is important to find out exactly how much your antiques are worth. A professional appraiser or antique dealer can give you a better idea of how to price your items. Some of your most valuable pieces might be better suited for an auction in order to ensure you receive maximum value, and a professional appraiser can identify those things. Additionally, a professional appraiser will prevent you from selling off your estate for less than it is actually worth.
At Sarasota Antique Buyers, we offer a market analysis rather than an appraisal. This will tell you what you could expect to receive for your antiques if they were to be sold at an auction. If you are interested in selling your items, we will then purchase at a bid under this valuation.
Price Your Items
Each item in your estate sale should be priced and labeled, as this will minimize the number of questions that you have during your sale. While a professional appraisal might help you determine prices for the most expensive items, there are plenty of online resources that you can use to price your other items, including:
- Ask Art
- Live Auctioneers
When pricing your antiques, keep in mind that the value of your items will be determined by how much potential buyers will be willing to pay. An experienced estate sale agent can also be helpful in determining the price of your estate, as their industry knowledge and prior sales experience can provide valuable insight about how much similar items have been sold for in the past.
Advertise Your Sale
If you have a professional estate agent helping with your sale, they should take care of most of the advertising for you. However, if you are conducting a sale on your own, you’ll need to get creative in order to drive traffic to your sale. There are several websites that advertise estate sales, including Estatesales.com and Estatesales.net, but make sure you post at least one week prior to your sale. Additionally, you’ll want to put information on social media sites and Craigslist. An ad in your local newspaper might also be a good idea in order to attract potential buyers that may not be tech savvy.
Selling your antiques can be both exciting and emotional, but regardless of what you are feeling, it is important to make sure you are getting the most value from your investments. By taking the time to properly prepare for your antique estate sale, you’ll be able to focus on sales, writing receipts, and making money on the day of your event.