When you’re in charge of liquidating the estate of a loved one after his or her passing, an effective way of doing so is to seek the services of an auction house in your community. Instead of trying to sell items individually through a series of garage sales or multiple listings in online classified websites, you can get rid of everything at once — and hopefully make plenty of money at the same time. It’s beneficial to seek out a few auction houses and speak to a representative at each to help assess which one will best suit your needs. Here are three questions to include in this discussion.
Will You Pick Up My Items?
If you’re trying to sell all the possessions in a home, you might feel a little resistant to the idea of transporting everything to the auction house yourself. Many companies will take care of transporting the items on your behalf, using a fleet of trucks to get the job done quickly. It’s important to find out if the auction house you’re speaking to will perform this service and what the fee is for doing so. Some auction houses occasionally have off-site sales, which means there’s a possibility the auction could happy on the property of the house in question, provided there’s enough room. This is an option to consider when you’re speaking to the auction house representative.
To What Extent Will You Advertise The Sale?
The last thing you want is an auction that is poorly attended; you’ll either make very little money or could be left with a number of items you’d hoped to sell. You can often avoid the risk of this situation by confirming the advertising strategy that the auction house will use. You want to hear that your sale will be advertised on a number of different platforms, including the local newspaper, social media, signs around town and other methods that you deem suitable.
Can I Have A Say In Pricing Items?
Auction houses typically have professional appraisers on staff who will assign a rough value to each item and associate each with a starting bid. Although it’s always best to primarily leave this task to the expert, you might occasionally wish to have a say in the pricing — for example, providing a backstory to something that will increase its value. Make sure you’ll be permitted to view the items with the appraiser and provide your input when it will help the cause. Find more info on estate liquidations here.