Not sure whether an Estate Auction or Estate Sale is the way to go?

Follow our blog for all the latest news and advice when it comes to planning an estate liquidation. We share the inside information on what to ask and look for when hiring a professional company to help you with your estate planning process.

I need to have an Estate Sale or Auction. What's the process?

Process for an Auction/Estate Sale: 1. Identify what needs to be sold: This could be the entire contents of a home, a small collection, or just a few items. Be sure you are able to communicate exactly what items you would like to sell and which items you are keeping (if any) so that we can provide the best possible liquidation process for your individual needs. 2. Consultation: Call us to schedule a free, no obligation consultation. During this consultation, we walk through the property to see exactly what you are working with and assess the property that you are looking to sell. We then use our professional judgement to recommend the most beneficial plan for selling your assets. 3. Contract: Once we have decided on a plan and agreed to work together, each party signs a one-page contract stating the terms of the sale. This contract states what property is to be sold, as well as the fees involved. 4. Preparation/Setup (if needed): a. On Site Sale: Our crew comes to the house to set up for the sale...

How to Sell Valuable Assets

Our firm specializes in selling fine jewelry, fine art, Native American artwork and jewelry, gold and silver coins, high end tools/machinery, rare antiques, vehicles, and other valuable items. Many people have the misconception that those types of items should not be included in an Estate Sale/Auction. However, with the qualifications and capabilities of our firm, we have every confidence that our product knowledge and years of experience allows us to handle those valuable assets successfully. Benefits of including high end items in an Auction or Estate Sale: 1. Our team has years of experience as not only liquidators, but also as certified personal property appraisers. We take the time to ensure that your valuable items are being described, photographed, and represented accurately, which gives them the potential to sell for their maximum value on the secondary market. 2. Our sellers can benefit from our Online Auction Gallery platform, where high end buyers from around the world are able to view and bid on their items. 3...
First and foremost, we understand and respect what a difficult time this can be for our clients, and we want to help alleviate the stress of liquidating your family’s Estate. We strive to make this a smooth and seamless process, and we are here to walk you through every step of the way. These are the things we recommend to ensure a smooth and successful liquidation process. 1. If you are handling property of an Estate, we recommend that you seek legal advice for obtaining the proper documentation that you will need. Documents could include but are not limited to Death Certificate, Personal Representation Document, Power of Attorney Document, etc. No matter what aspect of the Estate you are handling, these documents will come in handy. They could be needed to handle the real estate, personal property, vehicles, utilities, title transfer, etc. Once you receive the proper documentation stating that you are the person in charge of the Estate, you are ready to make some decisions. 2...

What fees are involved with an Auction or Estate Sale?

Whether we are conducting a Live Auction, or Online Auction, or Estate Sale for your assets, our fee structure is similar for any sale. In many cases, commission rate is the only fee that the client will incur. However, depending on the details of the Estate, other potential fees may include set-up, packing/moving, car detail, lot fees, or clean out services. Any fees will be clearly listed on the contract at the very beginning of the process, and the client does not owe any money up front out of pocket. All commissions/fees are taken from the proceeds at the end of the sale and the client is provided a detailed breakdown of accounting at the conclusion of the sale. Commission: Each sale is unique regarding the type of product being sold and the total value of the assets. For this reason, we do not have a flat commission rate that we charge all clients across the board. Instead, our commission could range anywhere from 20%-45%. This all depends on how much value is involved with the sale...

Auction vs. Estate Sale - What's the difference?

Our firm has the privilege of being able to provide and conduct Live Auctions, Online Auctions, and/or Estate Sales which allows us to cater to our clients’ individual needs. Although we can provide multiple types of sales, we use our professional judgement to suggest which type of sale would be most beneficial to our clients. Live Auction: A Live Auction is a sale to liquidate personal property that usually takes place in the client’s home, or in another venue if necessary, per individual circumstances. The house is set-up and staged in advance, and in most cases, the auction lasts for one day. There will typically be 4-6 employees working during the auction to ensure a successful sale. The first hour is the preview time when buyers can register to bid and walk through the property to inspect the items they would like to purchase. Once the auction starts, the Auctioneer moves item by item, room by room and sells each item to the highest bidder. The buyers follow the Auctioneer through the property until all assets are sold...