Estate sales commonly happen following the death of a property owner, as the deceased’s family members who inherited their estate may wish to liquate some of their loved one’s belongings in an orderly fashion so they can go to someone who will appreciate them. Estate sales are a cost-effective and organized way to sell the contents of a recently deceased loved one’s estate, but estate sales can happen for other reasons. Divorce, bankruptcy, downsizing, retirement, and relocation are other common reasons for an estate sale.
Whatever the reasoning, it’s the job of an estate liquidator to oversee all aspects of the sale, and they are certified and licensed to assess and price valuables, advertise the event, and stage it. Their expertise is especially helpful in what can be a very emotional or stressful time, and they help ensure everything is running smoothly. While they take care of quite a lot, the duties of an estate liquidator can be divided into three categories – pre-sale, day of sale, and post-sale.
Before the estate sale itself, an estate liquidator will assess all household items that are to be sold and use their knowledge to appraise each piece and identify a fair price. They will often use online tools like Google and eBay to see what similar items have been sold for in online auctions. They may also contact auction houses and specialists for fine art, rare items, and other unique belongings to get a better idea of their value and the price they can command at auction. Once all prices have been decided upon, the items will be listed on the most visited estate sale websites. An estate liquidator will also advertise and promote the sale to get people interested.
During Sale Duties
During the time period of the estate sale, an estate liquidator will manage and monitor all aspects of the online event. This includes, but is not limited to, answering shoppers’ questions about specific items, monitoring bids, handling any technical errors, and more.
Often times, not every item will be purchased, and it’s the responsibility of an estate liquidator to dispose of the remaining items after the estate sale has concluded. They may donate them to charity, list them for sale elsewhere, or simply throw them away. For the items that have been sold, they must arrange for the items to be shipped. The seller will receive a list of sold items and the proceeds once the sales have been processed, minus the estate liquidator’s service fees.
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