Picture Lessons About Estate Sales
Where to Purchase Our Book "Liquidating an Estate"
A Bit of The Cash We Recently Found in an Estate
Estate Sales are a Billion Dollar business in America. 2 million of our fellows will pass this year. Most of them will have some sort of personal property that forms a part of their estates. This means that every single day as many as 5,500 families will have to face the job of selling a loved ones personal property. And they are for the most part as ignorant of what to do with an estates stuff as a plumber who decides it’s time to build a new home.
It is clear to me that most of the families who are in this sort of predicament don’t know that there are professionals out there who can help them; that these professionals are called Estate Liquidators.
Instead of having an estate benefit from the sale of a loved ones personal property many people will give all of a houses contents away to a charity. And that’s fine, if the estate doesn’t need the money, or if this is what the decedent wished. But more often than not families do this because they don’t know about estate sales. They have not heard about them. But, just because you’ve never heard about them doesn’t mean they don’t exist.
I promise you, estate sales exist. They are a powerful way to sell personal property. They are a real way to profitably sell off a lifetimes worth of accumulations. In fact there are few better options for you and your family to sell a household full of personal property than through an Estate Sale.
Don’t live in an out of sight, out of mind misted fog of a mindset. Open up your thinking. Set your sights to learning about estate sales. This weekend while you are out taking a drive, look for some estate liquidators directional signs, and go check out your first estate sale. Talk to the folks running the sale. If they seem cordial, ask them to come over and take a look at your families stuff. You never know, you could have a treasure lurking in a drawer or cabinet. Something you had no idea was even salable could turn out to be worth a fortune.
Don’t wait until it’s too late. When a person is pressed for time they tend to make mistakes. Start your investigation early, check out your options sooner rather than later.
I don’t know the whole story about the bottle above. I don’t know where it came from, other than that it was sold in an Albuquerque Flea Market to some lucky shopper for $4.00. That’s right, $4.00. That shopper took it to Heritage Auctions where it sold for an eye popping $13,750.00. That’s dough people!
I am certain I have been to that Flea Market. Don’t you wish you had found that bottle; no doubt. What I ‘d rather have seen though, is that the person who sold this bottle at the flea had first taken some time; had sought out some friendly professional advice. That they had hired a professional. If they had, they would be much richer today. Also my attention is drawn to the thought: I wonder what else they innocently brought to the flea market…
Ignorance is Not Bliss!
Moments like the three above are when you as the person who is responsible for the financial well-being of an estate might throw up your hands in despair, and say “Why Me?”
Yes you can! Check out our web based Estate Sales Guide, but do yourself a favor first, before you conduct your own sale using its guidance, have an estate sales pro look over your stuff. Pay them if you have to. As the above illustration about the Coke bottle demonstrates, it may very well be worth it.
Every day I hear about someone who decided to do their own estate sale. I wish I could tell you that their experiences were always positive ones, but while they occasionally are, they sometimes result in utter disaster.
If you have a modest estate you can successfully stage and conduct your own estate sale. However if your estate has antiques, collectibles, jewelry and/or sterling silver or paintings; you are doomed to fail without either an appraisal document or the good services of a competent estate liquidator.
As I stated at the beginning of this article, Estate Sales are a Billion Dollar Industry. Do your best to protect yourself. Seek the consul of close friends, your attorney and anybody else who has gone through the estate sales process.
My book “Liquidating an Estate” covers in detail a host of options to liquidate an estate, other than doing it yourself. It also contains a very thorough and comprehensive estate sales guide.
Conducting Your Own Estate Sale? Don’t Lose Your Marbles!
It’s going to be difficult no doubt, but an estate sale is still the best way to sell personal property!
When you face a financial difficulty, you call an accountant, CPA. or at the very least, a bookkeeper.
If you face legal challenges, you call the best attorney that you can afford.
When you sell your home, most of you wouldn’t try to do so without hiring a Realtor.
You hire the above people because, it is the prudent course of action to take in order to best protect your assets, and or freedoms. You expect to pay these people, and hiring professionals also saves you tons of aggravation.
So why, would you ever consider Staging your own Estate Sale
Money, that’s what it often comes down to; people trying to save a few bucks will drive themselves mad, because they either think that estate liquidators charge too much, or they think that they can’t find someone they can trust.
Folks, give yourself a huge emotional break, find someone you can trust. Hire a professional. Save yourself the time and heart wrenching experience of conducting your own estate sale. Estate sales are hard enough for professionals to pull off, you may not stand a chance if you try to do your own estate sale. You more than likely will get picked!
Find Estate Sales Help
Read my Book: Liquidating and Estate
Find Local Estate Liquidators: Estate Sales.Net
Ask Questions: 20 Questions to ask an Estate Liquidator
It Takes Heart to Do Estate Sales Well, and These Two Ladies Have Plenty
I think this is a fun video from Renne Poole and her daughter Jessica – they conduct estate sales in the Las Vegas Area – Call Renee Estate Liquidation
Cover of ACTION COMICS #1 Sold for $2,161,000 at auction via Comic Connect.Com
(Graded a Very High 9.0)
This incredible comic, is like the Holy Grail of collectibles. Is it a mere stack of stapled, and folded funny book paper…a child tome of fantasy, a way out of the gloom of the impeding European war…a fluff piece of entertainment, never meant to be worth more than the .10¢ published purchased price?
A lot can happen on the way to a collectible becoming a collectible. The character of this Action Comic becomes an almost overnight sensation – the iconic man of steel, Superman. It is thought that of the 250,000 copies of this classic that were printed, only about 100 survive today.
This is a tale of two superman comics. One in unbelievably pristine condition…and one so tattered, soiled and dog-eared that it sells for less that a tenth of the price of the pristine Action Comic.
This comic sold in 2013 at Comic Connect.Com for $175,000, you can read more about it here: Ken’s Korner
(Graded a Very Low 1.5)
If you are an executor of an estate trying to figure out the difference between these two grades of comics (1.5 and 9.0), you will be at a real dis-advantage. Sure, you will be able to see some of the condition differences between the two, but are you the person who can tell the difference between a comic graded 2.5 and 4.5? This difference could be worth $25.000.
It takes years of experience to be able to understand the differences that exist within each grade, in the comic book grading systems. Here is a link to the Heritage Auctions Comic Grading Tutorial Page.
My firm suggestion, is that you seek out the advice and feedback of trusted experts…look for people who will act as your advocate, not people who are looking only to buy…
There is a collecting instinct in all of us. A way that we are natural gatherers. A biological imperative that directs us to gather the many materials needed to sustain our lives. It’s as if somewhere in our DNA, there is a rule that we must find and store extra stuff, and store that stuff close at hand – in case one day there should be famine or war, or some other time of grave shortage.
All of us have this…
Here’s a side note: We, for whatever reason have to slow down and check out the accident on the side of the freeway…craning our necks as we pass…whispering to ourselves..there by the grace of god go I – gathering information as we pass, that we hope will enable us to avoid the catastrophe of duplicating the accident we are passing…
We have a morbid curiosity: So we watch Hoarders on T.V. We shake our heads, we eye the mounds of junk in someones living room with disgust, passing a tub of popcorn between us, and we distance ourselves from the hoarders experience…commenting…”How can anyone let things get so bad…”
But we are wrong…hoarding happens in families…in almost everyone’s direct family, or certainly in the families of some of our closest friends…Hoarding is the collecting impulse disfigured by the emotional need to feel safe in a world – all around a hoarder, that feels so very out of control…it is a buffer…a way to distance oneself from the pain of not being connected enough to other more useful strategies of actually connecting with others…
If you are a friend of a hoarder, or one of your family members has heaps and piles of debris that they must pass through on their way to a small place of comfort on a bed, piled high on all sides with the detritus of their collecting impulse gone astray – you might remember, you can help them now…aid them in having a better more connected life, or you can do nothing, and with the high note of your disgust, you can empty their homes into debris boxes once they pass…
My vote is for doing something about it now…
But first, here are some ways to better approach hoarding and hoarders…
Suspend your Judgement.
Remember, this Person is Human.
Avoid Reiterations of Past Conflicts and Disappointments.
Add Love to a healthy and robust strategy of taking things in small measurable steps.