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Organizing a victorious estate sale is quite challenging and time-consuming, with many making common estate sale mistakes. Since it is not easy to sell off all your precious belongings, it is natural to be overwhelmed by the complex procedure of estate sales. Additionally, avoiding common estate sale mistakes should be your priority to ensure everything goes perfectly in your upcoming estate sale.
This article will walk you through the following:
- What are estate sales?
- Finding estate sales
- Common estate sale mistakes
What Are Estate Sales?
An estate sale, also known as a tag sale, is organized to discard your or your loved ones’ belongings in a well-organized fashion. It is a superior version of the yard sale where typically, every item has a price tag and is available for purchase.
So, what are estate sales exactly? It refers to selling one’s overall estate (personal belongings).
How To Find Estate Sales
Before we go over some common estate sales mistakes, let’s go over how to find estate sales for all interested in visiting one.
Finding estate sales can be difficult for people who reside in rural areas. In such scenarios opting for your local newspaper for estate sales is best. On the other hand, finding estate sales is relatively easy in cities, where you can refer to estate sales auction listings, newspapers, or real estate agents.
The following are some ways to help you find estate sales near you:
- Classified listings of the local newspaper
- Online editions
- Print editions
- Estate sale street signs
- Bulletin boards of the community
- Online estate sales resources
- Estate sales companies
- Searching online
- Social media presence
- Upcoming estate sales publicity
Estate Sale Mistakes To Avoid
Estate sales are an excellent way to get rid of unwanted items, but they can be challenging to navigate if you don’t know what you’re doing. Here are some common mistakes that many people make at estate sales.
Avoid Being Over-Attached To Particular Items
The goal is to sell all your belongings, so don’t get attached to a single item. It would help if you were realistic about what items belong in your home and what don’t.
Lack Of Price Tags
If you are selling many items, it is essential to have a pricing gun. This will allow you to easily write prices on the items and ensure they are legible.
Remember, if someone is looking at your items and can’t tell what they’re worth, they won’t buy them.
It’s important to realize that you don’t need to price everything at its full value. If an item is priced too low, it will draw more people than if the same item were priced appropriately. However, if an item is priced too high, no one will want to buy it.
Not Preparing Your Home
Focus on preparing your home for the estate sale by ensuring the cleanliness of your home and your lawn, and the correct placement of items is necessary. This implies that your home is pleasing and appealing to interested customers.
On the other hand, if everything is unorganized and dirty, you will not receive fair prices, plus there won’t be many interested buyers.
Poor Advertising Techniques
One of the most common estate sale mistakes is poor advertising techniques.
To make it easy for buyers to find estate sales, advertise listings in your local newspaper, estate sale listings services, or online platforms to grab more customers.
Doing All Tasks Yourself
Many people consider an estate sale a simple and easy task they can do independently. However, planning a successful estate sale requires excellent knowledge and expertise.
Estate sales can be challenging if you do not have the proper knowledge of advertising, sorting, or selling your items. Thus, it is vital to have a professional team with significant estate sales expertise to succeed.
Flexibility in conducting estate sales is a crucial factor many people don’t heed. You need to be available during working hours because buyers often try to connect to get more information regarding the property and the estate sale.
Also, customers may want to visit the residence to ensure everything is perfect. Hence flexibility plays a significant role here, and if you are occupied with your work, you can always hire an agent to prevent such estate sale mistakes.
Estate sales are great because they allow you to declutter and sell off items you don’t need anymore. But if you don’t research beforehand and let your emotions get the best of you, you may end up with a few extra dollars or even more in debt when all is said and done, which is why you need to avoid the common estate sale mistakes.