Liquidation
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There are many ways to liquidate personal property, and we will tailor
the methodology to our clients' needs or desires. There are
advantages to all venues:
Private Sale – We can call upon our network of dealers and buyers
throughout our service areas. The advantages of selling to dealers
and private buyers rather than staging public sales are several fold:
the methodology to our clients' needs or desires. There are
advantages to all venues:
- Public Sale – Holding an advertised public sale has many
advantages. The primary being more customers generated, thus
more money generated for the estate.
Advertising in both print and online have many advantages. We
will bring in a bonded cleaning and organized crew to clean the
residence and prepare, organize and price items in preparation
for a 3-day on-site estate sale. After professionally staging the
sale items in attractive displays and making sure each item is
priced appropriately, we will then advertise the estate sale
through classified ads, the internet, and our own personal list of
contacts. Following the preparations, we will hold the estate sale
on a consecutive Friday, Saturday, and Sunday, and arrange for
delivery of larger items such as furniture, if needed, at the
buyer's expense. The down side to a public sale is primarily time,
as the pricing, organizing, etc. it takes much more time. The
advantages of a public sale:
- Many more customers, therefore alleviating the need for
high hauling costs and donations and more money
generated. - Security can be arranged if the contents of the residence
warrant. - Higher visibility for the property if it is going to be up for
sale. (Generally, there are numerous requests for real
estate information.)
Private Sale – We can call upon our network of dealers and buyers
throughout our service areas. The advantages of selling to dealers
and private buyers rather than staging public sales are several fold:
- Dealers and private buyers know what they are looking
for, the resale or collectible value of the items they want,
and are willing to pay more than the general public, who
are interested in bargaining. - Liability and the possibility of accident, breakage, and
theft are lowered by inviting several dozen professional
buyers and dealers to visit the site instead of hundreds of
unknown individuals - Unadvertised private sales reduce the risk of burglary or
vandalism of the vacant residence. - Our network of dealers and buyers know that they must
pay fair prices for items or risk being dropped from our
preferred mailing list, whereas many afficianados of estate
sales open to the public enjoy bargaining for the lowest
possible price. - Dealers and professional buyers usually buy multiple
items or items in lots, while the general public often buys
only one or two items at a time. - Holding private sales enables the disposal of personal
property more quickly with less expense and risk than
holding sales open to the public, because public sales
entail the added expense of advertising, advertising lead
time, and additional labor to supervise the sale, while
generating less money from the sale of items in the
personal estate.
- Online Sales – We have established expertise in selling
collectibles on eBay and have an established seller’s ID with
100% feedback and thousands of successful sales. If the estate
contains small collectibles, it is often a much more lucrative way
to sell the items. This is up to the discretion of the seller.
- Online Estate Sales – Rather than hold a public sale, another
avenue is to list the sale by appointment only. Pictures of the
primary items for sale can be posted and priced. The down side
to this is less sales, however higher priced items sell very well in
this manner. (i.e., if furniture is the primary inventory)
- Public Auction – Contracted local auction houses can be sub-
contracted to conduct an auction to liquidate items. The risk is
items sell for what they are auctioned for. This is a lucrative
sales method, however the timeframe can sometimes hender the
real estate sale. Also, often the commission is pricey and they
don't provide the extra services.
- Private Auction Houses for Rare Items & Collectibles - In
addition, valuable items such as rare antiques, coin and stamp
collections, and high-value collectibles may be put up for auction
through a reputable auction house such as Bonham &
Butterfield's or Sotheby's.
- Consignments – If the client prefers, some more collectible
items not sold can be placed in local consignment shops.
However, the long-term management would be left to the client.
- Remainder – The remaining items of the estate sale will be
donated to a recognized charity for a tax write off to be taken by
the estate. All items not accepted would be hauled off with debris.