4 Questions To Ask When Hiring An Estate Liquidation Service Company

Posted on: 28 October 2020

The best way to clear out an inherited home full of stuff is through an estate sale. While you could host the sale yourself, you might want to consider hiring a company instead. A company that offers estate liquidation services provides all the services and work needed to sell the contents of an entire household. If you decide to hire a company for these services, here are four questions you should ask.

1. How Much Do You Charge?

One question to ask is about the fee structure of the services. Estate liquidators charge fees for their services, but the fees vary. Some companies charge a specific percentage for the fees. They might charge 30% or more, but this varies. They base the percentage on the gross revenue from the sale. Other companies charge sliding scales. With a sliding scale, you pay a higher percentage for higher sales. Before you hire a company, find out how their fees work, so you know what to expect.

2. What Services Are Included?

Secondly, you may want to ask what services they include in the price. Most estate liquidators handle every aspect of a sale. They visit the home, sort the things, and price them, and they advertise the sale and host it. They handle every single aspect in exchange for the commissions they charge. You should ask this question, though, to find out if this is the case, as some companies might not include every service.

3. When Will the Sale Be?

You can also ask when they plan to host the sale. They will likely need time to prepare for it and time to advertise, so you should not expect the sale to occur soon. It normally takes a few weeks to several months for the estate liquidators to plan and prepare for the sale. They will arrange a date with you that works for them and you.

4. What Happens to the Leftover Things?

Finally, you might want to ask about their procedure for the leftover items. Do they sell them, donate them, or dispose of them? You might want to ask about this before hiring a company to help you clear out an entire home full of things.

Asking these questions can help you determine if you should hire a company for assistance with your estate sale. To learn more about these services, contact an estate liquidation service company in your community.