Real estate industry facing pushback to longstanding rules setting agent commissions on home sales

While estate sale companies aren’t officially regulated, professional organizations like ASEL and NESA help provide industry accreditation for people looking for references. While estate sale companies charge whatever they want, ultimately, the price you’re willing to pay is up to you. Estate sale companies are also sometimes known as estate liquidation or tag sale companies. The purpose of the business is to undertake all responsibilities for finding buyers, in a single or multi-day event, for most of the possessions in a home or business.

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Take photos of more valuable items and put them online with your posting to attract more potential buyers. You can often get a good idea of the quality of the finds in a home within the first minute.

That way, you could list items for consignment or put them up for sale on sites like eBay or Craigslist. Finally, you could also have the items donated to charity or a family in need. Plaintiffs also claim that the NAR requirement effectively keeps commissions for a homebuyer’s agent artificially high.

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If it’s an established business, they’re more likely to operate in an ethical manner, as they have a reputation within the estate sale industry. A professional estate sale company has connections with appraisal experts and other industry professionals. They likely have a network of potential buyers, along with hundreds of email followers. Their network of connections bodes well for the success of your sale.

That all depends on who you hire, what you’re selling, how many people attend the sale, the parking situation in your neighborhood, the direction of the tides, if mercury is in retrograde… . How much you make, and the commission the company makes, are difficult to predict. The key is to find the best estate sale company for you and your situation. Another reason to consider hiring a professional estate sale company is their expertise in properly pricing items. It takes a ton of market research to determine fair market value. However, this gets tricky for the untrained eye, especially when it comes to antiques and collectibles. An estate sale is an event that is held with the objective of liquidating all items held in a home.

People often confuse the terms “estate sale” and “estate auction.” Both events are designed to liquidate nearly the entirety of someone’s personal property, and both are open to the public. However, Wikipedia states that, at an estate auction, each item is auctioned off and sold to the highest bidder. On the other hand, an estate sale is not an item-by-item sale event. Garage sales typically include selected items that the home’s inhabitant wants to dispose of. However, estate sales generally include everything on the estate. Professional estate sale companies often provide the option of disposing left-over items for you, for an additional fee. Alternatively, you can hire a clean-out service that will haul any remaining items for an hourly rate.