Most of us have to do it at some point, usually when a family member dies. The process can be overwhelming, but there are professionals who can help you organize an estate sale and sell all these items efficiently. In the event someone doesn’t want to pay an item’s marked price, some estate sales will allow bids to be placed with the person in charge.
By following these steps and paying attention to crucial details, you can successfully organize an estate sale that attracts buyers and ensures a smooth experience for everyone involved. Think of organizing an estate sale like hosting a well-planned and elaborate dinner party. You carefully select the menu, create an inviting ambiance, and ensure there is enough space for guests to comfortably enjoy the feast. You can think about an estate sale as having a massive yard sale on steroids!
2. Develop a Plan Before You Start Sorting.
Never be afraid to ask a prospective company for the breakdown of charges ahead of time. Managing the estate sale and making sure everything runs smoothly, including devising a system of operations and handling cashier duties, is probably the most important aspect of the sale. Having an estate sale company to handle everything can really help. Instead of having to worry about items sold or putting on a pleasant face under stress, pay an estate sale company to run the show. It is common practice for organizers to implement discount strategies as the days progress to incentivize sales and ensure that most items find new homes by the end of the sale.
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Let’s have a look at everything an estate seller should know. But find an estate sale company you trust will keep your best interests in mind.
How a sale is run depends on the policies of the company involved, but there are basic conventions that you can expect at any sale. If the manager has done a good job getting the word out, there will usually be a line of people when the sale opens. Gross incomes vary from sale to sale, as well as region to region, but according to a recent industry survey, the average sale grosses over $18,000. Many sales may bring in more revenue, while others may not come close to this. Buyers are typically allowed on a first-come, first-served basis, especially if there is a line. If you are expecting a large crowd, consider using a number system so that shoppers are allowed into the home in the order in which they arrived.
This problem doesn’t affect only you, but all the estate sales in your community. Not every room at an estate sale is a free-for-all, especially if your clients are still living at home. Place Do Not Enter signs wherever you want customers to keep out of – like bathrooms if you don’t want them using your facilities for a pit stop. A picture is worth a thousand words, but a sign is worth a million. Signs are not only a way to convey the rules to customers, they’re also a way to set the tone for your estate sale. And forget less is more when it comes to signs – the more, the better. The good news is, unlike other aspects of an estate sale, staging is completely within your control.