Having an Estate Sale
By Susan Burgess 
Once you’ve made that decision to simplify your life and
move to a retirement community, what will you do with all your
stuff? Your children have their own stuff, and your new home
won’t hold all your stuff. You’re not sure, but you
may have some valuable stuff, and you don’t have the time
or energy to get rid of it.
Relax! There are people out there who will sell your stuff for
you, and better yet, there are lots of people who are willing
to stand in line to buy your stuff! A good way to get the most money for your stuff is to have an
estate sale. Here are some tips on how to have a successful sale. Select a reputable agent. Check with a friend, your attorney or your retirement home for
recommendations. Find out if the agent is affiliated with an
appraiser’s association and ask for references. The collectibles
market is constantly changing and many things once considered
to be junk are now sought after, so it’s important to make
sure the agent is “in the know.”
Decide what to keep
A made-to-scale floor plan of your new place will be helpful
in deciding how much space you’ll have and, therefore,
what you can keep. Timing your move is critical The key is to move first, and then sell what is left behind.
Your sale will be more successful if everything left in the house
is for sale. This way, people won’t want what they can’t
have, and there will be no chance of the items you are keeping
getting damaged or lost. Don’t donate or weed out items before the sale The most successful sales contain a mix of furniture and bric-a-brac
as well as lower- and higher- priced items. Things such as kitchenware,
linens, tools and the like are hot sellers. Items that don’t
sell can be donated after the sale. Most agents will handle this
for you and give you an itemized receipt for the Internal Revenue
Service. An agent that goes the extra mile Be sure your agent will ensure a successful sale by providing
an eye-pleasing clean presentation of your belongings. This should
include polished silver, sparkling crystal, individual pricing
of the items for the sale, etc. The agent’s fee The normal fee most agents charge is 25 to 30 percent of the
total amount sold. The agent should pay for all expenses, including
advertising. In most cases, the agent’s fee will be recovered
because you’ll most likely receive a higher price for the
items sold then you would in a non-professionally run sale. On-site estate sales are attracting large crowds every weekend
and happy buyers are purchasing everything from the ridiculous
to the sublime. Regardless of whether you are a discerning collector,
a pack-rat or a little bit of both, an estate sale could be a
profitable way for you to downsize.
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