You have to have a death in the family in order to have an estate sale. NO
As long as you are in possession of an entire estate full of items then you are totally within your ethical rights to advertise your sale as an estate sale.
All the good stuff is gone by the time a liquidator takes over the estate. NO
This is absolutely not the case in most situations. What the general public doesn’t know is that in many families, there is simply no person who has a need for anything more in their lives nor in their homes.
Myths about 'ESTATE SALES'...
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Most liquidators takes first dibs. NO
An ethical estate liquidator doesn't pre-purchase from their own sales and would never think of taking the cream from the crop. The excitement and privalege of their return customers ensures those clients get the first choice of fine collectibles and rare antiquities, keeping them loyal and coming back for many years to come. When you attend one of our estate sales, you see exactly what the people had when they left the home. OUR HOUSE IS FULL!
All estate sale liquidators just stuff the house full of their own merchandise or bring things from one house to another so that they can make extra money. NO
In many cases this does happen. Ethical liquidators abstain from this practice as it sours the buyers and confuses the clientele by causing them to wonder, “Why did this old man have a bunch of new vases and furniture from pottery barn?” Reputable liquidators like people to come and see what the resident or deceased really bought, collected and hoarded for many years, and see if something catches their eye.
Estate sales just too expensive for most people to afford. NO
Some may be too high priced... Successful liquidators try to adjust the prices to about half of the retail value depending on the use / condition. When a dealer - resaler comes to buy, prices can be negotiated so they can make money on their purchases and maybe spend more money than they would have ever intended, helping the homeowner to empty the house fully for a sale. Also, many liquidators understand that non-collectible everyday items can be bought as a bargain at any closeout store, charity store (Good Will etc), other estate and garage sales, CraigsList...
Only the wealthy have estate sales. NO
Many middle and lower class families have collectible items that cost little or nothing to purchase initially such as premiums given away by merchants, sales samples, advertising pieces, and sports cards given with purchase of cigarettes, gum and such. Many ephemera pieces and early tin pieces were inherited with family hand me downs, so many items of value are in farms, homes with little worth, and with very poor people. Estate sales of the rich are hardly the norm for most liquidators.
You must have antiques to have an estate sale. NO
There are ample sales where there are few if any collectibles that still do very well with their net worth. The fact is, if an item is needed for day to day living, it can be rehoused and sold at a profit above donating, giving or throwing into a landfill. There is no reason to ignore items of worth simply because they are new and everyday items.
I need to clean up first and have a garage sale before I do estate sale. NO
Please, do us and every other liquidator a favor and "leave it" alone. Be sure not to clean, throw, sort or rid the house of ANYTHING prior to calling a liquidator to empty the house. Too many times your idea of "cleaning" is an estate liquidator's idea of stripping and wrecking the chance of a virgin estate to the public. We are professionals and can likely decide and sort, clean and merchandise this area for you with no burden on the families part.
If a dealer has lots of credentials or certifications for appraising and pricing antiques, it makes the dealer more knowledgeable. NO
Pricing is a hard balance. For the client, must price it to be sold without leaving money on the table! Much information can be obtained on many great websites for a fee. It doesn't matter how many certifications or credentials a liquidator has nor do the credentials necessarily reflect their knowledge or expertise. Many of the certifications you see embossed on appraisers' cards and listed on their websites can be purchased with a credit card for the ability to use the organization's seal or logo and they rarely have to attend a single class.
Sure they may hold back the occasional family photo, birth certificate or coin collection, but in some cases the family take nothing from the homes we empty, leaving estate liquidators in charge of redistributing years of their inheritance... years of hoarding and collecting. What comes out of these homes would absolutely astound most people.
Most of what is in an estate sale is just pure junk. NO
The fact is that some of the most expensive and sought after things in auction houses came from the exact same situation and homes that these sales are given inside of.
As estate liquidators, we have unearthed such things as rare gun collections, gold jewelry, coins, rolex watches, diamonds, rubies, emeralds and fine gemstone rings and jewelry, photo postcard collections and Texas oil paintings. Not everything is a treasure, but most homes hold some if not many special treats to excite any collector. Some homes are just loaded full of loot.
10) Myths about Estate Sales...
Ty (Tytania) Davidson
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