Appraisal & Selling
Unfortunately, the need for estate liquidator's services come at the time when you least expect it.
One example is when a senior's sudden health deterioration triggers family to relocate an elder to a long term care facility and sell all the senior's belongings. Another example is when a senior is forced to downsize, due to a relocation, to a smaller in order to keep up with ongoing medical and/or living expenses. Regardless of the reason, Advise & Protect will assist your elder is securing the right estate liquidators.
There are many nuances when it comes to estate sales. Unfortunately, the estate liquidator industry is not regulated; therefore, anyone can become one.
First, the estate liquidator must meet specific education and experience requirements and abide by a strict code of ethics. A validly executed contract must address points such as marketing, security, insurance and family presence at the estate sale.
To ensure a good turnout at the estate sale, the liquidator should have a plan on how to market the estate sale and have a devoted buyers’ database acquired throughout years of experience.
Security and liability insurance cannot be overlooked. During the estate sale, the presence of security is mandatory to keep an eye on small items offered for sale; otherwise, items might walk away. Moreover, every liquidator must carry insurance in case an invitee suffers an injury on the premises. If neither the senior's home nor estate liquidator carry liability insurance, then the injured party could sue the owner of the property.
Many estate liquidators do not allow any family members to be present during the estate sale for various reasons. One reason is that an elder might price an item too high because of sentimental attachment; therefore, it will never sell. Another reason is that many buyers are not comfortable shopping in the presence of an elder who can become emotional, agitated or even aggressive during the estate sale.
Estate liquidators suggest the price for each item offered for sale. However, many liquidators are not trained appraisers which will result in an item being sold market value. Good estate liquidators consult with an appraiser when the price of an item is in doubt.
During this sensitive time, an experienced Advise & Protect Senior Care Consultant will represent your interests. We work with reputable estate sales liquidators whom we trust. As your Agent, we will manage, coordinate and do all the logistical work. We will ensure all items are fairly priced. If the assistance of professional appraiser is warranted, we will arrange to have the true value of an item or items determined.
Every item offered for sale must be approved by your elder or someone authorized to make decisions on their behalf. Your Senior Care Consultant will provide pictures and descriptions of all items in question via email or by means of communication of choice.
Pre, during and post coordination is crucial for a successful estate sale and an Advise & Protect Senior Care Consultant will ensure that it will be implemented correctly. Pre-estate sales involves organization and sorting of all items. The key is to determine which items can be sold and which need to be donated or recycled.
During the estate sale, our consultant will oversee the entire event and make sure that everything goes as planned and terms of the contract are met. You will be advised on the progress to relieve you or your loved one of unnecessary worries.
Post sales will require the responsible party to perform cleanup of the house and distribution of unsold items. Depending on contract terms, it could either be done by estate liquidator or by Advise & Protect consultants.
Estate sales is a very emotional process for an elder and the family. Most of today’s seniors survived the Great Depression so, at times, it is difficult for them to sell or simply part with lifetime acquired belongings. The sentimental attachment to belongings can create an unhealthy situation between elder and family. It is very important to work with estate sales liquidators who understand the real pain that the family goes through and be compassionate to the overall situation.
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