The listings commonly feature photos of the items that will be available for purchase but don’t always show everything. For this reason, it’s wise to read the text description as well, which may include more details on things you can buy, says Solomon of Estate Sale Freaks. Some of the best stuff might not even be mentioned in a listing. Getting a phone set up for your business is one of the best ways to help keep your personal life and business life separate and private. That’s not the only benefit; it also helps you make your business more automated, gives your business legitimacy, and makes it easier for potential customers to find and contact you.
Therefore, while there are more estates in search of companies like yours than ever before, you must be aggressive about getting the business. Make sure you website stands out and attracts clients and that you maintain excellent relationships with referrers. There are several types of insurance policies created for different types of businesses with different risks. If you’re unsure of the types of risks that your business may face, begin with General Liability Insurance. This is the most common coverage that small businesses need, so it’s a great place to start for your business.
Professional estate sale organizers often collaborate with experienced appraisers to arrive at suitable prices. These appraisers have extensive knowledge of the value of various items such as furniture, artwork, antiques, collectibles, and other valuable possessions. Their expertise ensures that items are priced accurately according to market standards. Additionally, professional estate sale organizers understand how to effectively display items to maximize their appeal. They create visually appealing setups that engage potential buyers and encourage them to make purchases.
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An absolute auction is where things will be sold to the highest bidder regardless of the price. A reserve auction is where the owner sets a minimum amount they are willing to sell an item for. Typically it is from 10 percent for high-end items to 30 percent. If you own rare, expensive or specialty items, an estate sale expert can be vital for determining the right asking price. They will have experts in selling fine art, collectibles, jewelry, unique items and other valuables. We’ll delve into what an estate sale is, the process behind organizing one, buying tips for first-time goers, and everything else you need to know. Whether you’re a seasoned bargain hunter, a novice treasure seeker, or simply curious about this phenomenon, your journey to mastering the art of estate sales starts here.
How Estate Sales Work
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Unfortunately, it can be regular customers who are thieving from your sales. These people are known to frequent estate sales on the regular, and because you see them all the time, it can be easy to let your guard down. If you’re finding items keep going “missing” at your sales, you may consider keeping an eye on the people you see every weekend. You don’t have to employ actual rent-a-cops, although the bigger estate sale companies usually pay for this service. Security guards can simply mean people you hire especially to keep an eye out for shoplifters. Once your estate sale has been successfully completed and any remaining items are dealt with, you can decide how your plan to use the money from the sale.
Certain state permits and licenses may be needed to operate an estate sale business. Learn more about licensing requirements in your state by visiting SBA’s reference to state licenses and permits. Bill Gassett is a nationally recognized Real Estate leader who has been helping people move in and out of the Metrowest Massachusetts area for the past thirty-seven plus years. Bill is a trusted authority resource with expertise in mortgages, financing, moving, home improvement, and general real estate. He has been one of the top RE/MAX Realtors in New England for the past two decades. The items that you are most fond of may not be worth as much as you think they are.
Of course, if you do catch a thief or something comes up missing, always report it to help make sure it doesn’t happen again. Think about your favorite store and the feeling you get when you walk inside. All of these cues subconsciously let you know what kind of place it is. Estate sales happen for several reasons, including downsizing or the death of a loved one.