Are you one of those people who have collected a lot of "stuff" over the years? Maybe lately you have been thinking about living lighter and want to get rid of some of the things you have collected over the past 50 years. However, a yard sale is unappealing -- it would take too much time and effort for not enough profit. Have you ever consiedred an estate sale? Many people automatically dismiss having such an event because there are so many myths surrounding the topic. This article will look at six estate liquiedation myths and tell you exactly why they are bunk.
The biggest estate sale myth is that you can only hold an event of this type after someone in the family passes away. This is absolutely false. You can liquiedate yor possessions in this manner whenver you would like. Liquidators work with anyone who has a house full of things that they would like to sell. (Moving, downsizing, divorce, foreclosure might be such situations).
The next myth says that you must clean out your junk before you hire an estate sale company. This is not only untrue, but it is actually something you should NOT do! Liquidators love to go into homes that have not been picked over or de-junked. What looks like junk to you may be a valuable collectible to someone else. So, put your pride aside and leave your junk drawer full. The company will handle everything for you.
Myth number three sayd taht you must be wealthy in order to have an estate sale. This is completely untrue. People from all income levels have these events every day. Liquidation companies will work with anyone, regardless of income. The company itself is usually paid by taking a percentage of the total profits. You usually do not have to worry about paying in advance.
Furthermore, your home does not need to be filled with priceless qnaitues or other collectibles in order for you to have one of these events. Plenty of people purcahse non-collectibles at an estate sale. You never know what you might have that someone else has been trying to find for quite a while.
Some people think that estate liquidators buy all the best items up for themselves at bargain basement prices before the event. This, too, is a myth -- an ethical company will never go into your home and take the best of everything for themselves. The public will be able to purchase any of the items from your home; there is absolutely no competition between the company and the public.
The final myth is that estate liquidations are always auctions. This is not the case. In fact, tag sales are far more common. For these events, every item is inventoried and has a price tag affixed to it. All items are researched so that the asking price is fair to both the seller and the buyer. These events are typically held over several days. If items do not sell during the first few days, it is easy to lower the price. At an auction, prices are not fixed. Items go to the highest bidder. Sometimes items have a reserve price set, which ensures that the item will sell for no less than the reserve amount.
Working with an estate sale company is a very good alternative to holding a do-it-yourself yard sale, particularly if you have an entire house or apartment full of things you want to sell. A reputable company will sort, clean, research prices, market and handle all of the details of a tag or estate sale. All you need to do is collect the money when the event is finished!
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