Estate Sale or Garage Sale?

 May 2015

By Nan Hayes for Caring Transitions 

One of the challenges consumers face when moving to a smaller space is trying to figure what to do with their downsized possession.  Today there are more options a than ever, including charitable donation, Live auction,  online auction site, tag sales,  traditional garage sale and Estate Sale.

For people with a large amount of valuable inventory but not a lot of time, an Estate Sale can be a very positive experience.  Estate Sales are managed by professionals, who, for an administrative fee and/or a percent of total sales, manage everything for you, including a home inventory, heavy lifting, pricing, advertising and marketing, set up, clean up and donations.

Estate Sales tend to have a higher rate of return /higher profit margin than most garage sales. Estate Sale Specialists know the market and will review your property and determine the approximate value of the sale.  No matter what you have to sell, it is always worth calling a specialist, however a low volume sale may not be in your best interest and the specialist may recommend alternate methods or donation in place of sale.  Be sure to hire a true estate sale professional who will look out for your best interest and will help you meet your personal objectives.

Estate sales draw collectors and serious shoppers while Garage Sales tend to draw more “bargain hunters.”  We’ve all heard the saying “one man’s trash is another man’s treasure.” And it is true. Therefore, don’t throw things away as you get ready for a specialist to visit your home.  The specialist will sort through all the proposed sale items and will help you decide what should be included in the sale. The specialist will research and establish pricing and create a strategy that optimizes the value of good while helping you sell through as much inventory as possible.

Estate Sale professionals can increase the number of people who will attend the sale and bid on items. An Estate Sale expert will advertise the sale to an established audience of regular shoppers in addition to the broader marketing.  Dynamic ads are placed in the right media outlets and professional signing is strategically placed to draw attendees who are ready to buy.

Estate Sale professionals do all the labor so you don’t have to! A specialist will have employees to price, sort and organize your items into categories. They will handle all the heavy moving, lifting and loading and will also make sure all items are cleaned and polished to look their best. Your merchandise is inventoried and protected by employees during the sale.

Display tables, cloths, racks, equipment and signing are provided. A skilled specialist understands the local buyer’s market and knows how to merchandise each and every item in the sale to optimize the return.   They have display tables, blanket and quilt, jewelry trees, cases, dish displays and more to help create appeal for the buyer.  

Estate Sale pros clean up after sale is complete. Once the sale is over, a specialists will remove the unsold items, arrange for donation and “Broom sweep” the area.  Receipts will be reconciled so you receive a full accounting of what was sold and at what price. Some companies perform other services, such as consignment or home staging to put an empty home on the market.  Each company is slightly different, but a true Estate Sale professionals work to serve you and tries to determine what is necessary to help you move forward. 

 

©Caring Transitions 2015. No reprint in part or entirety without permission.