Would you want to learn about different options on home liquidation of assets? It is never a better time than now to begin. We at Smooth Mooove Senior Location Services want to ensure that present, past, and future customers can depend on us to educate them about all parts of the industry. In this blog we will discuss information, definitions, and pros and cons around liquidation and selling of a person’s assets through three options Estate Sales, Consignment, or Online mechanisms. What can be sold? It could be furniture, clothing, everything down to the house and car. Again, there are different directions to consider. Why not get started now?
Typically, most people are familiar with Estate Sales or Auctions. But just to be sure look at in the simplest terms. Typically, this type of sale takes place when a person is recently deceased and his or her estate needs to be liquidated in its entirety.
THE DEFINITION OF AN ESTATE
POSSESSIONS, PROPERTY Especially a person’s property in land and tenements plus the assets and liabilities left by a person at death (Merriam-Webster)
In this blog we are discussing the selling of a person’s assets for profit. That is the Estate Sale. Liabilities are typically paid from profits made from the sale.
Other times a person might consider an Estate Sale is when an individual needs to move and wants to “get rid of stuff” before they go to their new living space. Estate Sales are for personal and not business assets. These sales are typically promoted by a chosen company running the sale. Word of mouth, flyers, and classified ads are examples of how these sales are promoted. These types of sales or auctions promote a day and time of which it will take place. The public is given a day or so to visit and see what will be sold. Then the auction is on at the promoted day and time. The benefit to the seller is that these sales, as opposed to say consignment or tagged sales have a better chance of liquidating all assets as opposed to a few. People come ready to buy, so this is a widely used option.
Some people opt for a Consignment Sales model. For example, antique malls, art galleries, or any business that will be a partner in selling goods or assets on behalf of others may come to mind. The customer (owner of the goods to be sold) signs an agreement saying that when the asset is sold be it furniture, fine China, art, or jewelry, the customer will be paid at that time less a fee that it took to sell it which goes to the business that sold the goods.
Many folks these days are even taking the next step and using online auctions. The seller goes to the chosen site and lists the item to be auctioned off. Then the bidding starts online and the buyer can be in a coffee shop or in the comfort of their own home and stay on top of what price the item is being bid at the time. To purchase the item the bidder must place a bid for the amount of money they are willing to pay. Then bingo, maybe the bidder wins, but rest assured the seller will get the cash in pocket. Someone has to win so good luck and happy bidding. Look at some of the best sights for 2021. Top 60 Online Auction sites.
We hope this blog helped you understand how to benefit from these three options.
Someone have some moving needs? Now, that is in our wheelhouse. Check out all of our services by looking at our website. You won’t be disappointed. Give us a ring. We would love to chat and can help you further on any advice regarding auction options as well as tell you what we can do to serve you further.
Call us today at Smooth Mooove Senior Location Services and we will get you started.
MOOOOOO Do you hear that? Got to go. The cows need milking!
Smooth Mooove Senior Location Services
2136 W. Park Pl. Blvd. Suite K-L
Stone Mountain, GA 30087
Phone (678) 476-6666
Fax (770) 558-6873
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