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Estate Sales

Steps to a Successful Estate Sale

Preparation

  1. Prepare the House
    • Remove any items from the house that you do not want to sell, or move such items to a secure room/storage area where they will not be seen by visitors
  2. Price items for sale
    • Determine prices for the items you plan to sell in advance
      • For Antiques and other valuables, consider hiring an antique appraiser to help evaluate the true value of the item
      • ValueMyStuff will provide virtual appraisals
      • WorthPoint is a resource to find the value of more unique antique items, but requires you to create an account
      • eBay is another valuable resource to check on the market value of items. Key Tip: Filter items by SOLD Price for a more accurate idea of the market value
    • Create price tags for all items
  3. Advertise the Estate Sale
    • List details of Estate Sale on relevant websites
      • EstateSales.Net is a site with a strong following in the Estate Sale community
    • Include pictures of items on the listing for best response

Execution

  1. Timing
    • Hold the estate sale over the course of 2 days for best results
      • Estate Sales are most commonly held on Fridays and Saturdays
    • Start Estate early in the morning (7-8am)
  2. Organization
    • Provide a sign-in sheet at the front door for people who arrive early
      • On the first day of our estate sale we arrived to the house 30 minutes early and there were already people lined up waiting to enter
    • Limit foot traffic to a single entry/exit point
    • Have family members or friends in each room of the house where items are for sale to monitor visitors
      • Theft is very common at these events so this is a critical step
    • Have someone stationed at the exit point to serve as a cashier
      • This will allow you to confirm the payment for sold items as people are leaving
      • Having a single exit point will reduce the potential for theft
    • Be prepared with cash to provide change when items are sold

Discussion

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