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The process of conducting an Estate Sale & & Online Auction
Steve Tokita from Caring Transitions literally helps us “Get Our Houses in Order” by guiding us through the process of conducting an estate sale. While online auctions have made the process more efficient, most are unaware that estate sales rarely produce a profit.
Intro 0:00
Personal Story 3:24
Tips
Basics - 6:00
• An estate sale is a liquidation sale of tangible personal property.
• Estate sales are often held by the family of a deceased.
• Anything on a property not attached to the house can be included.
• Estate sales are held for properties not considered wealthy.
• Some estate sales are conducted to de-clutter a home.
The Process - 7:00
• The first step is an assessment to determine if a sale makes sense.
• If the decision is to move forward a property inventory is conducted.
• Clients determine items to be kept and items to be put up for sale.
• An online auction occurs, buyers are invoiced.
• The market sets prices during the online auction.
Expectations - 12:15
• Many times an estate sales are not profitable.
• Proceeds often serve as an offset to the costs of clearing a property.
• Estate sale companies help determine the most cost effective solution.
• Estate sale companies provide online auction platforms.
• Online auctions open estate sales to a global audience.
Pitfalls - 17:05
• Sellers remorse often occurs since some items sold can be personal.
• Most sellers expect to profit from an estate sale.
• Reserve prices set on emotional values usually won’t sell.
• Profitable estate sales are rare.
First Steps - 19:45
• Include the family when deciding on which items to sell.
• Competition within a family can be resolved through the online auction.
• Jewelry, coins and vehicles are currently hot items.
• Fine Chinaware is currently very difficult to sell.
The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order.
To download the Ho'okele Guidebook:
http://hawaiigetyourhouseinorder.com
#GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning
FOLLOW US:
IG & FB @hawaiigetyourhouseinorder
http://hawaiigetyourhouseinorder.com
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By Get Your House In OrderSteve Tokita from Caring Transitions literally helps us “Get Our Houses in Order” by guiding us through the process of conducting an estate sale. While online auctions have made the process more efficient, most are unaware that estate sales rarely produce a profit.
Intro 0:00
Personal Story 3:24
Tips
Basics - 6:00
• An estate sale is a liquidation sale of tangible personal property.
• Estate sales are often held by the family of a deceased.
• Anything on a property not attached to the house can be included.
• Estate sales are held for properties not considered wealthy.
• Some estate sales are conducted to de-clutter a home.
The Process - 7:00
• The first step is an assessment to determine if a sale makes sense.
• If the decision is to move forward a property inventory is conducted.
• Clients determine items to be kept and items to be put up for sale.
• An online auction occurs, buyers are invoiced.
• The market sets prices during the online auction.
Expectations - 12:15
• Many times an estate sales are not profitable.
• Proceeds often serve as an offset to the costs of clearing a property.
• Estate sale companies help determine the most cost effective solution.
• Estate sale companies provide online auction platforms.
• Online auctions open estate sales to a global audience.
Pitfalls - 17:05
• Sellers remorse often occurs since some items sold can be personal.
• Most sellers expect to profit from an estate sale.
• Reserve prices set on emotional values usually won’t sell.
• Profitable estate sales are rare.
First Steps - 19:45
• Include the family when deciding on which items to sell.
• Competition within a family can be resolved through the online auction.
• Jewelry, coins and vehicles are currently hot items.
• Fine Chinaware is currently very difficult to sell.
The “Get Your House in Order” campaign is designed to engage, motivate and educate Hawaii’s ohana to do exactly what it says … help you get your house in order.
To download the Ho'okele Guidebook:
http://hawaiigetyourhouseinorder.com
#GetYourHouseInOrder #HIFICU #HookeleGuide #lifeplanning #financialplan #lifeinsurance #estateplanning
FOLLOW US:
IG & FB @hawaiigetyourhouseinorder
http://hawaiigetyourhouseinorder.com