What is an Estate Sale?

Is an Estate Sale similar to a garage sale?

No! An estate sale is held for the purpose of liquidating all the personal property and items of one household, not just selling items that you don’t want any more. It may indeed be treasured items or it may just be everyday useful items, but the sale is usually held to settle an estate.  Often a sale is needed to clear out a house before it is sold.

There are many reasons for deciding to have an estate sale:

  • A loved one has passed away.
  • A close relative or acquaintance has relocated to a retirement community or a care facility.
  • There is a need to downsize to a smaller home or apartment.
  • The owner is simply moving and wishes to refurnish the new home. 

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Because estate sales are often held on behalf of others and the income from the sale is to settle an estate, usually only items from that household are included and the sales are held in the home where the owner lived.

A moving sale often includes larger items that are difficult to move or are just as easy to purchase at the destination. Persons who are moving may take most of their possessions while an estate sale would sell off just about everything.

In any case, an estate sales’ purpose is to bring the best possible value for each items while getting the house emptied of its contents.  The items should be appraised and priced for the proper fair market value, and the sale itself should be well-planned for the best outcome.


3 thoughts on “What is an Estate Sale?

  1. Gregory Willard says:

    I think it’s interesting that an estate sale is often needed to clear our a house before it is sold. When my grandma died, my grandpa insisted we have an estate sale before we took him to the retirement home. I think that it is a good opportunity to make a bad situation better.

  2. Tomas Killington says:

    My grandmother recently passed away. She had a lot of valuable belongings in her home, and the family isn’t sure how they are going to split them up evenly. I didn’t realize estate sales are able to help get the best possible value for each item by having the items appraised. This seems like it would really help my family sort things out.

    • J. D. Llama Estates says:

      Most Estate Sale Liquidators are also Personal property appraisers and this service complements the estate sale process.
      We must also keep up with the ever changing market and be aware of which items have diminished in value as well as those that have risen.

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