What is an Estate Liquidator? Why need Estate Liquidation & Realty Services
Estate liquidation is something that you may have heard of if you have recently looked into downsizing your home. Typically, one wouldn’t liquidate their estate unless they were trying to sell most of their belongings. However, if that is your case, then you need an estate liquidator that you can trust to be there for you every step of the way. There may come a time in your life when you need to hire an estate liquidator to help you sell either your belongings or the belongings of a loved one. When that time comes, it’s important to have an understanding of this process. In today’s post, we will discuss what estate liquidation is, what an estate liquidator does, and when estate liquidation services may be necessary.
Estate Liquidation: An estate liquidation involves the selling of the entire property of an estate, as well as any belongings and assets. Those in charge of the estate will work with an estate liquidator to price and catalog any items that will be sold. In most cases, these items are sold in an auction-type setting, and the item will be given to the highest bidder. If the estate liquidator so chooses, he or she can offer a cash buyout for anyone who wants to purchase the contents of the estate in their entirety. Once the sale is complete, the estate liquidator has to package and deliver any items that were too large for the buyer to take home that day. If any items didn’t sell, it falls on the estate liquidator’s shoulders to figure out what will happen to them. That being said, the job of an estate liquidator doesn’t end there; they also have to tackle numerous other tasks, including cleaning up the estate, keeping accurate records, networking with realtors, and more.
What is an Estate Liquidator? The estate liquidator is the person who will oversee all of the operations of the estate liquidation. Typically, the entire process is broken down into three parts, including the pre-sale, during the sale, and the post-sale. During the pre-sale, the estate liquidator will appraise all of the items that are for sale. In many cases, some of the items will be valuable antiques or family heirlooms that require a trained eye to ensure that they are appraised and priced correctly. Pre-sale duties of the estate liquidator also include setting up for the actual sale. As part of the sale, the estate liquidator often performs a variety of tasks. These tasks can be anything from tracking sales to managing emotional clients that are having a hard time letting go. This part of the job can often be frustrating and stressful for the estate liquidator.
How Estate Sales Work: If you’re thinking of having an estate sale, we suggest you visit one first to get an idea of what to expect. Typically, estate liquidators organize and conduct their sales in a similar fashion. Estate sales usually follow the same general format: Held inside the home and across the property, Take place over two to three days, Involve the sale of someone’s (typically a family member’s) personal possessions, Include many individually priced and displayed items, Open to the public, Involves quick disposal of unsold items, A realtor may list the home after the estate sale.
Why Hire an Estate Liquidator? Estate sales are much harder to host than garage sales. Clients contact estate liquidators for varied reasons, but the biggest reason is because of the liquidator’s expertise. Estate liquidators have the industry knowledge to manage this complex sale. Estate sale liquidators have the connections to appraise a diverse collection of items. The liquidator displays them throughout the house to intrigue shoppers’ interest and stimulates them to make a purchase. To provide good customer service, the estate liquidator lines up additional sales associates, and may recruit security guards if the sale contains especially valuable items. The liquidator advertises the sale in varied media, and often reaches a multitude of shoppers from their professional networks. This enables them to sell a large volume of items very quickly.
When is an Estate Liquidation Necessary? Estate liquidation is only necessary in a few cases. If you are planning on moving to a new location and you only have a few items to sell, typically you will sell them in a garage sale. The most common reasons that one would hold an estate liquidation sale include when a senior citizen is relocating to a nursing home and it makes more sense for the family to liquidate the estate or when a family member dies. That being said, there are many reasons that you would decide to liquidate your estate. It all depends on what is best for you and your family.
Busby Estate Liquidation & Realty Services
830 Eyrie Dr, Suite 1030, Oviedo, FL 32765
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