FREQUENTLY ASKED QUESTIONS (FAQ’s)
An estate sale is a way to sell virtually everything in a home.
These usually take place if a family needs to move very quickly or if someone passes away. In either case, the vast majority of the possessions can be sold, earning the family or someone’s survivors money.
Estate sales are sometimes called tag sales, referring to price tags being put on everything for sale in a house. While these terms are frequently used interchangeably, a tag sale doesn’t necessarily include an entire estate.
There are many buyers who keep an eye out for estate sales. These are often some of the best places to purchase collections all at once, find unique antique items and occasionally snag something of high value for a discount.
While an estate sale sells off all or almost all of the items in a home, an estate liquidation also sells off financial assets (like stocks), real property (like land), among other goods that might not be in the realm of other estate sales.
MBSD Estates can organize your estate sale, and we can also work alongside attorneys and realtors in the event of an estate liquidation.
Estate sales are a great way to quickly and efficiently downsize rapidly. If that sounds like your situation, an estate sale could be a perfect solution.
Some of the most common causes of estate sales are:
- death of a loved one
- divorce
- moving (especially to a smaller house)
- downsizing
When you work with MBSD Estates, you have a partner with a decade of experience finding the best buyers for a wide range of items. That means we can get you the most money possible for your estate.
However, if you do not need to downsize quickly or all that much, estate sales are not always the best option. But even if you are looking to only sell a small portion of your estate, we can still help you!
Estate sales allow you to quickly get rid of a large amount of items while still getting a large return of money — especially if you hire MBSD Estates!
The key here is that you get rid of many things fast without simply throwing them out. That makes it more financially beneficial for you, not to mention its benefits to buyers and the environment.
At the end, most estate sales will make a package deal to buyers for all the remaining items. That’s often enough to move every last piece of the sale.
However, in the rare event that there are some things left over, you can always donate them to a charity of your choice. And remember to record this, as these donations are tax deductible.
If you are interested in having an estate sale or liquidation, there are a few key things you should do to ensure you get the most money in the shortest amount of time.
First and foremost, you need to set aside everything that you will not be selling. The amount will vary widely according to circumstances, but there are almost always a few things worth keeping.
It is also important to refrain from throwing out things you assume are worthless. While stacks of expired coupons and moldy bread can be tossed, most of the things in your house are probably worth something.
When you work with MBSD Estates as your estate sale manager, we take care to appraise every item. You might be surprised at the value of the stuff sitting in the attic or in the back of a closet.
MBSD Estates can carry out your estate sale entirely, meaning you don’t have to worry about all the steps necessary in carrying one out successfully.
Steps for an estate sale include:
- Appraisal: Expert appraisers use their knowledge to assess the value of each item.
- Pricing: This is where appraisals meet the actual market. What is the most you can reasonably ask for each individual piece?
- Marketing: Estate sale marketing is a must for getting enough interested buyers.
- Sales processing: This includes cash, check, debit/credit cards and online options.
- Shipping and handling: If your items need to be shipped or moved, this should be done with extreme care.
- Final accounting: Making sure that you tally up all sales against all costs means you will be able to accurately track the success of your estate sale.
Of course, all of these steps are taken care of when you work with MBSD Estates.
We charge a standard fee as well as a small portion of the proceeds. But because of our connections, platform and expertise, we end up boosting your take-home profits by far more than our fee.
All of the terms are set in consultation, meaning there are no surprise costs.
Online estate sales are becoming a much more popular option for an obvious reason: there are more potential buyers. That means each item has more opportunity to find someone willing to pay a premium for it. This makes an especially large impact when selling collectibles and antiques.
Online estate sales essentially function the same way as traditional ones, although there are the added steps of taking photos and listing each item on an ecommerce platform, as well as packing and shipping to buyers.
MBSD Estates helps clients take full advantage of both online and traditional estate sales.
MBSD Estates serves the (insert area name), including:
- List towns in the area
We can also facilitate estate sales around the world entirely online.