Estate Sales – The Ultimate Guide for an Equitable Disposal of an Estate | Osprey | Venice | Englewood
If you have had a loved one pass away unexpectedly, you may have a daunting task ahead of you – dealing with the estate. There are a variety of ways to dispose of or liquidate the estate, but an estate sale is often the most profitable. If you want to attract estate sale buyers and end up with an equitable disposal of the estate, there are certain steps that can help you to reach your goal.
Talk to an Attorney
Remember that when it comes to handling an estate sale, the responsibility will need to fall to the executor of the estate. While it may be tempting for relatives of the deceased to get involved, the executor is legally responsible for any decisions made with the state, including the sale.
Typically, simple local estate sales involving the personal property of the deceased won’t require any permits and licenses. However, the executor should be in close contact with an attorney to ensure compliance with any legal requirements is being met. This is especially true if the property is in probate, as the rules of the probate court will need to be followed closely.
Get Professional Pricing Advice
Many families find it difficult to appropriately price the items in the deceased’s home. Unfortunately, this can be a costly mistake – overpriced items likely won’t sell, and you can lose money on underpriced items. While there are a variety of online sites that can help you to determine proper pricing, an auction house, antique dealer, or professional appraiser can also serve as important resources.
If there are antiques in your sale, you may need the advice of a professional antique dealer. At Sarasota Antique Buyers, we can evaluate the collection before providing you with a market analysis – the price we would expect your items to sell for at auction. This can help you to price your items for sale, or, if you are ready to sell, we can take the items off your hands with a bid just under the market analysis price.
Hire a Professional Estate Sale Company
Managing an estate sale on your own can be a big mistake, as you likely don’t have the time, energy, and expertise to host a successful estate sale on your own. That’s why it is so important to hire a professional estate sale company. Professional estate sale liquidators will maximize the proceeds from your sale, leading to equitable disposal of the estate.
Work with Your Realtor
The best venue for your estate sale will be right in the home of the deceased. In many cases, the home may also be for sale, and it can be a good idea to work with your realtor during the process. By coordinating the estate sale while your realtor is handling the sale of the home, you may have better results. This is because furnished homes tend to show better than vacant properties. If estate liquidation services lead to a successful sale, you should be left with an empty property that is cleaned out and ready to be sold.