7 thoughts on “Have an Estate Sales Question? – Ask Here

  1. My Mother has recently died. She left me (her only heir)a household full of “Stuff”. Over 50 years worth. Out of all the stuff that she left, the 20+ boxes of her memoirs most trouble me. She assumed I would want to read them, so that I would have a better understanding of why she did the things she did. she never asked me if I wanted to read them. Bottom line, I want to hire an estate liquidator to sell her personal property,but I want to burn her books. Have you ever come across anything like this?

  2. Armida,
    I am not sure how recently your mother died. I understand from the tone of your post that you have an assumption that she wanted you to read her memoirs so that you would have a better understanding of why she did the things she did.
    Pardon my assumption but it sounds like some of the things she did made your life difficult.
    Go easy if you can.
    All acts of destruction or even of liquidation are permanent. Give yourself six months, a little breathing room.
    I am reminded of a call that I got from a man who lived in the Santa Rosa Ca. area. His wife had just died about a week before. This mans grief was palpable but what he made up about it was anger. I believe that he felt like she had up and left him, and his first reaction was to strike out at her by getting rid of all her possessions.
    My advice to him is the same as I am giving to you.
    Take it easy. Go Slow. Hire professionals to help. Even if you do not live in the San Francisco Bay Area, go to my web-site http://www.finesf.com There you will find a lot of information that will be useful to helping you come up with an estate sale strategy when the proper time for that comes.
    I am an estate liquidator and I like my job.

  3. Dear Mr. Codina,
    I value what you’ve said and I thank you for your insightful advice and your thoughtful response. I’ve been filled with so many heavy emotions over the last month that I found myself making important decisions, without really spending the time to consider the repercussions of my actions. Your advice to take it easy and go slow, for the next six months has helped relieve a lot of pressure I placed on myself.
    Thank you again,
    Armida
    PS Unfortunately I do not live in the Bay Area, I’m in Southern California, but If I did, I would most certainly use your company. Your website is one of the best I’ve seen.

  4. Hello Fine Estate,
    I have a question? What is the best way to handle the distribution of my Moms personal property? Every one in my family can’t seem to agree on how to do this. I am the executor for her estate and my head is spinning. I want to do what is right and what is fair, can you give me some advice?
    Thank You in advance for you help.
    Angela

  5. Dear Angela,

    The best way to handle the distribution of your Moms personal property is to:

    1.Check with your attorney and find out what they recommend.
    2.Precisely follow her will. In the long run this will generally work out.
    3.In situations where there are grey areas; where there is no specific instructions, or where there are only general disbursement conditions things can get a little tricky.

    Here is what I did in a situation like yours:

    My company Fine Estate Liquidation, Inc. (www.finesf.com )was contracted to do an estate sale for a family in Sausalito, Ca. The will called for the executor to divide the estate evenly between 4 people.

    It’s easy to sell real estate, stocks and bonds etc. and then split the proceeds 4 ways. Where it got difficult, was the personal property. This families problem was how to establish value for the things they wanted, keep an accounting of what each member received, and to do this in a way that no one member received a benefit greater then another. After this process was done they then wanted to sell the rest via an estate sale.

    Here is what we did:

    1.We set up the house just like we ordinarily would do to conduct an estate sale.
    2.We priced every thing.
    3.We gave each member of the family a buyer’s code.
    4.We put each of those buyer’s codes into a hat.
    5.We had a drawing to establish a buying order.
    6.We staged a mini pre sale for family members.
    7.We conducted a very successful estate sale for the general public.

    Now the family had everything they needed:

    I am an estate liquidator and I like my job.

  6. I have a HandMade Kashir Keshan Rug that I would like to action it. The size is 19.9X11’8” the condition is like new. I attached picture for your review. Please let me know if you are interested to sell it for me.
    Thank you
    I e-mailed you a picture but I can not cut paste the picture here.

  7. Dear Dawn,
    Your rug appears to have been produced in one of the following countries: China, India, or Pakistan. It is a contemporary rug, not an antique. Depending on where you bought it, this rug might have cost you as much as $5,000.00.
    Its resale value is in the neighborhood of $900.00 – $1,500.00.
    The world of collecting hand knotted rugs or “Persian” rugs, is a somewhat perilous place to invest your money. The highest resale values come from investment grade antique, or semi antique rugs.
    The best place to sell a rug like this is through a classified ad or craigslist. The best place to buy a rug like this is at an estate sale. (www.finesf.com )
    If any one wants me to write more about the marketplace of Persian rugs, please post your questions in the Questions section of this blog.
    Thank You
    Martin Codina

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