Monday, November 23, 2015

How To Conduct Your Own Estate Sales

By Brenda Warner


An estate sale is an event where the goods and property of a house are being sold to the public, either after the home has been foreclosed or after the death of the homeowner. And since the process of holding a sale involves complicated procedures such as pricing and cataloging, many people prefer to hire professionals to handle the process. But, if you want to hold the sale on your own, here are some factors to consider to successfully hold this event while maximizing profits.

One thing to consider is to properly organize an activity like this. Separate the things by category. To make the process easy and simple, remove the items and sort them based on their functions and value. Most of these categories usually include appliances, artworks, and even clothing. Furthermore, you can also categorize costly objects. Once done, you are now well prepared to hold estates sales in Concho Valley.

Next is to make assessments on the condition and quality of each object, clean them and make repairs if necessary. Creating a catalog of these objects to be sold may include the size, ages, category, and the functionality. Next is to price the items. You may consult antique stores, catalogs or other sales to gather insights or ideas on how to price the items.

Take photos of the items, either in a group or individually., It serves as references for buyers and for advertisement purposes. Make sure to set a date for your event and avoid schedules when others are planning the same events like yours so you would not overlap schedules. Holding the sale early in the morning is better until you have liquidated all the objects.

Advertising your sale events is also helpful to spread awareness to the public. Look for furniture stores, dealers, and antique stores that might be interested in acquiring the goods. Also, you may contact the merchants or dealers in San Angelo TX as they might be interested in acquiring the goods from you.

You may also place advertisements for your sale on social media sites such as Instagram or Facebook. Aside from that, you may distribute leaflets and posters around your community. Additionally, you may contact the local paper industry to feature your event and the entire story. This will highlight the history of the properties. A lot of people love to read stories like this and an advantage on your part.

If you include your contact numbers on the ads, there is also a possibility that you will face lots of questions and inquiries. In this matter, make sure to answer all the concerns of the prospective buyers. If you get plenty of emails, then respond them promptly. Respond courteously, professionally and in a low tone of voice.

During the planning stage, it is important to know how to maximize profits from this event. Of course, one of the reasons you are holding an auction is because you want to earn money from it. Though, this is quite daunting particular for larger properties, but once you have the knowledge on how to run the event, it would be easier for you.

Knowing these things will make your event a success. You only have to consider these factors before planning the activity. Keep in mind that selling may involve emotions especially if that item has a sentimental value to you. This thing is another consideration upon selling the objects.




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