Estate sale companies can be a Godsend when you need to liquidate a deceased relative’s estate. However, these firms are not required to be licensed or bonded in every state, so there is a “buyer beware” sort of clause attached to these dealings. Nothing would be worse in your time of loss than having a liquidation company run off with your deceased relative’s possessions and all the proceeds as well! That being said, there are ways to tell the reputable estate sale companies from the shysters.
You needn’t go with the first estate sale company that comes your way. Interview more than one provider before making your decision. Do your homework on estate sale companies before signing a contract. Consider the following questions:
- How long has the company been in business?
- Are the employees members of professional associations?
- Is the company an approved Better Business Bureau member?
- Can you contact references?
Look Over The Contract.
Review the contract to ensure the terms and conditions are plainly written and fair. If there is something you do not understand, don’t hesitate to ask for a clarification. Be suspicious of estate sale companies that offer you dozens of pages in their contract. The agreement should be succinctly summarized in a clear fashion.
Compare Rates and Fees.
What sort of commission are you being offered? Does the rate include appraisals, trash removal, shipping, advertising and other expenses, or will you be nickel-and-dimed for this? Be aware that commissions range greatly from company to company, and may be as high as 80% or as low as 5%. Make sure you know what your contract includes. Find out when and how you will receive payment after the conclusion of the estate sale.
Ask For Documentation.
Reputable estate sale companies provide records and documentation for every item that has sold. You should have access to sales receipts for credit card and check transactions as well. In some cases, the estate sale companies may even agree to buy some of the leftover items that have not sold.
Are You Looking For Top Estate Sale Companies?
DynaCorp Auctions is one of the leading estate sale companies in the Virginia/Washington DC area. We work with government officials, fortune 500 corporations, CEOs, world travelers, antique collectors and other reputable sources to acquire goods for our high-profile online auctions. If you have cars, office equipment, antiques, electronics, or other high-quality goods, we are your source for hassle-free liquidation! Call 888-333-4340 for details.