Having an effective estate sale is not something that many people deal with. This typically only happens when a loved one passes away, so most people do not have much experience in the matter. Although you might not know what you are doing yet, it is essential to have a good sale. Selling the majority of the possessions will make things a lot easier on you and the rest of your family. Therefore it is important to make sure that you have a good sale. Here are a few tips to prepare for an estate sale.
1. Go through Everything
The first thing that you need to do is go through everything. You have to decide what you are going to sell and what you are going to keep. Once you decide what you are going to sell, you have to find some way to organize it. After you decide what all is selling, you need to come up with a price for everything. Try to be reasonable but at the same time you do not want to give everything away. Go through and put price tags on everything that will not be auctioned off.
2. Try Online
Some things just sell better and easier online. Go through the items that you want to sell and see if you can sell anything online first. This will cut down on the number of things that need to sell on sale day and you might be able to get a better price.
3. Hire an Estate Liquidator
An estate liquidator is someone that will come in and try to get rid of everything for you for a fee. The fee is usually pretty high at around 30%, but it takes a huge burden off of your shoulders. An estate liquidator will have a very good idea of how to price things if you are unsure and they will make all of the arrangements for you. If you do not have the time to handle everything, an estate liquidator could be what you are looking for.
Once you have everything almost ready, you need to decide on a date for the sale. Once you have picked an exact date, you need to start advertising. Advertising the sale is necessary in order to get enough people there to buy everything. People will not just show up to the sale if they are not aware of it.
In order to advertise effectively you need to use as many avenues as possible. Put up signs around the neighborhood. Put flyers on local bulletin boards and put an ad in the newspaper. You need to put an ad up online as well on any local classified ads.
5. Arrange the Sale
Once the date nears, you need to start getting everything arranged. Get several tables or trailers to put everything on. Put items that are similar together and make sure that everything that you want priced is priced. Take care of any last minute items before the sale date arrives.