Maximizing Returns: A Guide to Successful Estate Sales in Collierville

Expert Estate Liquidation in Collierville and the Greater Memphis Area

Navigating the complexities of liquidating an estate can be an overwhelming experience, whether you’re downsizing, managing a loved one’s affairs, or handling a significant life transition. In Collierville, Tennessee, and the surrounding Memphis suburbs like Germantown and Bartlett, Memphis Estate Sales offers a professional and compassionate approach to help you achieve the best possible outcome. This guide will walk you through the process, highlighting how expert services can simplify the journey and maximize your returns.

Understanding the Estate Sale Process

An estate sale is more than just a garage sale; it’s a comprehensive method to sell the majority of personal belongings from a home. This often occurs due to significant life events like downsizing, relocation, or settling the estate of a family member. The goal is to efficiently liquidate assets while obtaining fair market value for a wide array of items, from furniture and antiques to collectibles and everyday household goods.

The process typically involves several key stages when working with a professional company like Memphis Estate Sales:

Consultation: The initial step involves an assessment of the items within the estate and a discussion of your specific goals and timeline. This is a crucial stage for understanding the scope of the sale and tailoring a strategy. Learn more about our consultation process.
Sorting, Staging, and Pricing: Professionals will meticulously sort through belongings, organize them attractively (staging), and price each item based on current market value and research. This includes identifying potentially valuable items that might otherwise be overlooked.
Marketing and Advertising: Effective promotion is key to attracting a large number of potential buyers. This can involve online listings, email lists to dedicated followers, signage, and other advertising methods.
Conducting the Sale: The sale itself, often held over a weekend, is managed by the estate sale team, who handle customer interactions, negotiations, and transactions.
Post-Sale Cleanout: After the sale, any remaining items are dealt with according to your wishes. This can include donation to charities, arranging for buy-outs of unsold goods, or final clear-out services.

Benefits of Hiring Professional Estate Liquidators

Attempting to manage an estate sale on your own can be a daunting and time-consuming task, especially during an already emotional period. Hiring an experienced team offers numerous advantages:

Expertise and Market Knowledge: Professionals possess the knowledge to accurately appraise and price items, ensuring you receive fair value. They understand current market trends for various categories of belongings.
Time and Stress Reduction: A full-service company handles all aspects of the sale, from initial setup to final cleanout, relieving you of the significant time commitment and emotional burden.
Wider Reach and Increased Traffic: Established estate sale companies have a following of regular buyers and effective marketing strategies to attract a larger audience to your sale.
Professional Staging and Merchandising: Presenting items in an organized and appealing manner can significantly impact sales.
Security and Management: Experienced teams are equipped to manage crowds, ensure the security of the home and its contents, and handle all financial transactions professionally.
Maximized Returns: Ultimately, the goal of a professional estate sale is to maximize the financial return for the client. Their expertise in pricing, marketing, and sales often leads to higher overall proceeds than a DIY approach.

Memphis Estate Sales offers a variety of estate liquidation services, including private in-home sales, online auctions, and buy-outs, tailored to meet your specific needs.

Expert Insight: The Value of “Don’t Throw Anything Away!”

“One of the most common pieces of advice we give clients is not to discard items before the consultation. What might seem like ‘junk’ to an untrained eye could hold surprising value for collectors or buyers. Let our experts assess everything; you might be surprised what sells!” – Scott Park, Owner, Memphis Estate Sales.

What Sells Best at Estate Sales?

While nearly anything can be sold at an estate sale, certain categories of items tend to be in higher demand and can fetch better prices. Understanding these trends can help you appreciate the potential within an estate:

Item Category	Why It’s Popular
Antique and Vintage Furniture	Craftsmanship, unique styles (e.g., mid-century modern), and historical value attract buyers.
Artwork and Collectibles	Paintings, sculptures, signed prints, coins, stamps, sports memorabilia, and vintage toys are often sought after.
Jewelry and Watches	Fine jewelry, luxury watches (vintage and contemporary), and even unique costume jewelry can be valuable.
Vintage Clothing and Accessories	Designer items, quality vintage pieces, and unique accessories often appeal to fashion enthusiasts.
Books and Rare Manuscripts	First editions, signed copies, or out-of-print books can be highly collectible.
Tools and Outdoor Equipment	Quality tools and garden items are often good sellers.
Kitchenware and Appliances	Vintage Pyrex, CorningWare, and quality small appliances can be popular.

Memphis Estate Sales has experience liquidating specialized items, including firearms, precious metals, and classic cars and motor vehicles.

Tips for Preparing for an Estate Sale

While a professional company will handle most of the work, there are a few things you can do to help ensure a smooth process:

1. Identify Items Not for Sale

Clearly designate or remove any personal items, family heirlooms, or photographs that you, or other family members, wish to keep. Communicate this clearly to the estate sale company. This prevents accidental sale of cherished belongings.

2. Gather Important Paperwork (If Applicable)

If there are items of significant value, such as antiques with provenance, artwork with appraisals, or vehicles with titles, having related paperwork available can be helpful for accurate pricing and sale.

3. Avoid Pre-Cleaning or Discarding Items

As mentioned in our expert insight, resist the urge to throw things away before the professionals have had a chance to assess them. Items you might think are valueless could be desirable to collectors. Even items that aren’t saleable may be handled efficiently by the company through donation or disposal services.

4. Provide Access and Information

Ensure the estate sale team has easy access to all areas of the property where items are located, including attics, basements, garages, and storage sheds. Provide any known information about specific items that might be relevant (e.g., history, age, purchase price if known).

5. Trust the Professionals

Once you’ve chosen a reputable estate sale company, trust their expertise in pricing, staging, and managing the sale. They are working to get the best possible results for you.

The Collierville, TN Local Angle

Collierville, Tennessee, located in Shelby County, is a vibrant community with a mix of historic charm and modern development. The local housing market has seen steady activity, with homes selling for a median price around $544K-$599K in early 2025. This environment means there’s often a need for estate liquidation services as residents move, downsize, or settle estates.

Understanding the local Collierville market nuances is something Memphis Estate Sales prides itself on. We serve Collierville and nearby areas like Germantown, Bartlett, and Cordova, tailoring our approach to the specific demographics and buyer interests in these communities. Whether it’s a historic home in the town square area or a more contemporary residence, we have the experience to manage the sale effectively.

Knowing that many families in Collierville and the surrounding areas are looking for trustworthy and reliable services, we emphasize transparency and integrity in all our dealings. Our company’s philosophy is built on trust and providing the best possible service.

Ready to Simplify Your Estate Liquidation?

Let Memphis Estate Sales take the stress out of managing your estate sale in Collierville or the greater Memphis area. Our experienced team is here to provide a comprehensive, professional, and compassionate service, tailored to your unique situation.

Get Your Free Consultation Today

Frequently Asked Questions (FAQ)

What is the difference between an estate sale and a garage sale?

An estate sale typically involves selling most of the contents of a home and is often professionally managed. A garage sale is usually smaller, homeowner-run, and features a limited number of items.

How long does an estate sale typically last?

Most estate sales are conducted over a period of 1 to 3 days, usually on a weekend.

Do I need to be present during the estate sale?

No, you generally do not need to be present. Professional estate sale companies manage all aspects of the sale. Many clients find it easier emotionally not to be there.

What happens to items that don’t sell?

Options for unsold items can include donation to charity, a buyout offer from the estate sale company or a third party, or disposal. This is typically discussed and agreed upon during the initial consultation.

How are items priced for an estate sale?

Professionals research current market values for similar items. This can involve using online databases, price guides, and their own experience. For high-value or specialized items, an appraiser might be consulted.

What is a buy-out option?

A buy-out is when an estate sale company or another party offers to purchase the entire contents of an estate (or a significant portion) for a lump sum. This can be a quicker solution if time is a major constraint, though often the return is less than a traditional estate sale. Memphis Estate Sales offers buy-out services.

Can you conduct an estate sale if there aren’t a lot of antiques?

Yes. While antiques and collectibles are popular, many everyday household items, furniture, tools, and decor also sell well at estate sales. A professional can assess the overall contents to determine if an estate sale is viable.

Glossary of Terms

Estate Liquidation: The process of converting an estate’s assets (personal property) into cash.
Estate Sale: A sale, typically open to the public, to dispose of a substantial portion of the contents of a house.
Buy-Out: An option where a company purchases the entire contents of an estate outright, offering a quick disbursement.
Consignment: An arrangement where items are sold by a third party (consignee) on behalf of the owner (consignor), with the consignee taking a commission on the sale.
Appraisal: An expert assessment of the monetary value of an item.
Provenance: The history of ownership of a valuable object, such as a work of art or an antique.
Staging: The process of arranging and displaying items in an attractive manner to enhance their appeal to buyers during an estate sale.
Fair Market Value: The price that property would sell for on the open market.

Navigating Estate Sales in Bartlett: Your Comprehensive Guide

Understanding the Estate Sale Process in Your Bartlett Neighborhood

Estate sales can feel overwhelming, whether you’re downsizing, managing a loved one’s belongings, or seeking unique treasures. For residents in Bartlett, Tennessee, and the surrounding Memphis area, understanding the intricacies of this process is key to a smooth and successful experience. This guide offers clarity on what to expect and how professional services can transform a potentially stressful endeavor into a manageable, and even profitable, one.

From initial consultation to the final cleanout, a well-managed estate sale ensures that assets are handled respectfully and efficiently, maximizing returns while minimizing stress. Whether it’s a cherished collection, household furnishings, or specialized items like vehicles or firearms, expert guidance can make all the difference.

What Exactly is an Estate Sale?

An estate sale, often referred to as a tag sale in some regions, is a method of liquidating the belongings of a family or estate. These sales typically occur on-site at the home and are open to the public. Reasons for holding an estate sale are varied and can include:

Downsizing: Often, older adults moving to a smaller home or retirement community need to sell a significant portion of their possessions.
Death of a Loved One: Executors or family members may hold an estate sale to settle an estate and distribute assets.
Relocation: Moving, especially long-distance or internationally, can necessitate selling many household items.
Divorce or Financial Hardship: Sometimes, circumstances require the liquidation of shared property or assets to meet financial obligations.

In Bartlett, as in many communities, these sales are not just transactions; they are often poignant moments of transition. Companies like Memphis Estate Sales understand the sensitive nature of these events and strive to provide compassionate, professional assistance.

The Journey of an Estate Sale: From Start to Finish

A professional estate sale is a meticulously planned event. Here’s a typical breakdown of the process when working with a dedicated team:

1. Initial Consultation & Assessment

The process usually begins with a no-obligation consultation. Experts will visit the Bartlett home to assess the contents, discuss your goals, and explain their services. This is the time to ask questions and understand the potential value within the estate. Memphis Estate Sales offers free guidance and consulting for antiques and unique estate situations, ensuring you receive strategic advice from the outset.

2. Sorting, Staging, and Pricing

Once you decide to proceed, the team gets to work. This involves sorting through all items, organizing them attractively (staging), and researching and pricing each piece. Proper staging can significantly impact buyer interest and final sale prices. This includes everything from everyday household goods to valuable collectibles.

3. Marketing and Advertising

Effective advertising is crucial for attracting a large number of potential buyers to your Bartlett estate sale. This often includes online listings with photos, email newsletters to subscribers, social media promotion, and local signage. The goal is to reach both general buyers and specific collectors.

4. Conducting the Sale

Estate sales typically run for 2-3 days. The company manages all aspects of the sale, including staffing, customer service, negotiations (within pre-agreed limits), and payment processing. Their experience ensures a secure and orderly environment. For those seeking a wider audience, online estate auctions can be an excellent option, sometimes yielding significantly higher returns for certain items by reaching a global market.

5. Post-Sale Procedures: Buy-Outs and Cleanouts

After the public sale, there may be remaining items. Options include consignment for select pieces, donation to charity, or a “buy-out” where the estate sale company purchases the remaining contents. Finally, a complete cleanout service can leave the home empty and broom-swept, ready for its next chapter. Memphis Estate Sales offers buy-outs for clients desiring a swift, hassle-free closure.

Expert Insight: Handling Specialized Assets

Not all estate contents are created equal. Specialized items require particular expertise to maximize their value. This is where a full-service company truly shines.

Vehicles and Classic Cars

Selling a vehicle, especially a classic or collectible car, involves more than just a price tag. Proper valuation, marketing to enthusiasts, and handling title transfers are critical. Memphis Estate Sales provides expert classic car and motor vehicle sales services, leveraging in-house specialists.

Precious Metals & Jewelry

Gold, silver, coins, and fine jewelry require accurate appraisal and access to the right markets. Specialized precious metal liquidation services ensure you receive fair market value for these often highly valuable assets.

Firearms

The sale of firearms is subject to strict regulations. Professional firearms liquidation ensures all transactions are secure, compliant, and handled with discretion, protecting both the seller and the buyer.

Quick ‘Did You Know?’ Facts

Early Birds Don’t Always Get The Worm: While serious collectors arrive early, some of the best deals can be found on the last day of a sale when sellers are more willing to negotiate.
Not Just Antiques: Estate sales feature a wide array of items, from vintage clothing and tools to everyday kitchenware and contemporary furniture.
Online Reach is Growing: Many estate sale companies now utilize online auction platforms to reach a global audience for high-value or niche items, often achieving better prices. Online Memphis auctions are a key service.
Professional Staging Matters: A well-organized and attractively displayed sale can increase overall revenue by making items more appealing and easier to browse.

Tips for Bartlett Estate Sale Shoppers

If you’re a Bartlett resident looking to explore local estate sales as a buyer, here are a few tips to enhance your experience:

Arrive Prepared

Bring cash in various denominations, though many sales now accept cards. Have measurements for specific spaces in your home if you’re looking for furniture. A tape measure, flashlight, and reusable bags can also be handy.

Inspect Items Carefully

All items at an estate sale are sold “as-is.” Check for damage, missing parts, or wear before purchasing. Test electronics if possible.

Understand Pricing and Negotiation

Prices are typically firm on the first day, with discounts often increasing on subsequent days. Polite negotiation might be possible, especially for multiple items or later in the sale.

Be Respectful

Remember you are in someone’s former home. Be mindful of the property and follow any posted rules or instructions from the staff.

The Bartlett Advantage: Why Local Expertise Matters

Choosing an estate sale company with deep roots in the Bartlett and greater Memphis area offers distinct advantages. Local experts understand the market dynamics, have connections with local collectors and buyers, and are familiar with community preferences. This nuanced understanding can significantly impact the success of your sale.

Memphis Estate Sales, for example, leverages its local presence and knowledge to tailor sales strategies specifically for the Bartlett community. This includes understanding the types of items that resonate with local buyers and how to best market sales within the area. Their familiarity with neighborhoods from Germantown to Arlington and beyond ensures a targeted approach. Furthermore, using a trusted local company provides peace of mind, knowing that professionals who are part of your community are handling your or your loved one’s possessions with integrity and care.

Ready to Discuss Your Bartlett Estate Sale Needs?

Whether you’re planning for the future, managing an immediate need, or simply curious about the process, getting expert advice is the first step. The team at Memphis Estate Sales is here to help residents in Bartlett and the wider Memphis area navigate every aspect of estate liquidation.

Frequently Asked Questions (FAQ)

Q: How long does an estate sale process typically take in Bartlett?

A: The entire process, from initial consultation to final cleanout, can take anywhere from a few weeks to a couple of months, depending on the size of the estate and the services required. The sale itself usually runs for 2-3 days.

Q: What are the costs involved in hiring an estate sale company?

A: Most estate sale companies, including Memphis Estate Sales, work on a commission basis, typically a percentage of the total sales. This percentage varies based on the size and complexity of the estate. It’s best to discuss specifics during a free consultation.

Q: Do I need to be present during the sale?

A: Generally, it’s recommended that clients are not present during the sale. This allows the professionals to manage the event efficiently and can be less emotionally taxing for you. Your estate sale team will handle all interactions with buyers.

Q: What if some items don’t sell?

A: Memphis Estate Sales offers several options for unsold items, including potential buy-outs, consignment for high-value pieces, or assistance with charitable donations and final cleanout services. These estate liquidation solutions ensure the property is left clear.

Q: Can you handle sales for just a few valuable items rather than a whole house?

A: Yes, services like partial estate sales or specialized liquidation (e.g., for vehicles or precious metals) can be arranged. Online auctions are also a great option for individual valuable items or small collections.

Glossary of Estate Sale Terms

Appraisal: An expert assessment of an item’s value.

As-Is: Items are sold in their current condition, with no guarantees or warranties.

Buy-Out: An option where an estate sale company purchases all remaining items after a sale for a lump sum.

Cleanout: The process of removing all remaining items from a property after an estate sale, leaving it empty.

Commission: The percentage of the gross sales paid to the estate sale company for their services.

Consignment: An arrangement where an item is sold by a third party (e.g., an auction house or specialty dealer) on behalf of the owner, with the third party taking a commission.

Estate Liquidation: The overall process of converting an estate’s assets (personal property) into cash.

Staging: Arranging and displaying items in an attractive manner to enhance their appeal to buyers.

Tag Sale: Another term for an estate sale, where items are individually priced (tagged).

Navigating Estate Liquidation in Bartlett, TN: A Comprehensive Guide

Expert Solutions for Settling Estates in Bartlett

The process of settling an estate can feel overwhelming, especially during an already emotional time. Whether you’re downsizing, managing a loved one’s affairs, or facing a significant life transition, understanding your options for estate liquidation in Bartlett, Tennessee, is crucial. This guide offers insights into making informed decisions and highlights how professional services can simplify this complex undertaking, ensuring you maximize returns while minimizing stress. For Bartlett residents, finding a trusted local partner like Memphis Estate Sales can make all the difference.

Understanding Estate Liquidation: What Bartlett Residents Should Know

Estate liquidation is the process of selling an individual’s personal property, typically accumulated over a lifetime. This can include everything from furniture, antiques, and collectibles to household goods, vehicles, and even specialized items like firearms or precious metals. The reasons for liquidation vary widely, from the passing of a family member to the need to downsize for retirement or a move.

In Bartlett, like many communities, individuals and families may find themselves needing to navigate this process without prior experience. The goal is generally to convert tangible assets into cash in an efficient and respectful manner. This often involves several key steps:

Inventory & Appraisal: Identifying all items to be sold and determining their fair market value. This is a critical step where professional expertise can be invaluable, especially for unique or high-value items.
Sorting & Organization: Deciding what to keep, sell, donate, or discard. This can be an emotionally taxing part of the process.
Staging & Preparation: Presenting items in an attractive manner to potential buyers, whether for an in-home sale or online auction.
Marketing & Advertising: Reaching the right audience to ensure competitive bidding and optimal sale prices. This is particularly important for online Memphis auctions that can attract a global audience.
Conducting the Sale: Managing the sales event, handling transactions, and ensuring a smooth experience for buyers.
Post-Sale Cleanout: Dealing with any remaining items and leaving the property in the agreed-upon condition.

Attempting to manage all these aspects independently can be a significant burden. That’s where professional estate liquidation services in the Memphis area, including Bartlett, come into play.

The Advantages of Professional Estate Liquidation in Bartlett

Choosing a professional estate liquidation company in the Bartlett area, like Memphis Estate Sales, offers numerous benefits that can save you time, money, and considerable stress.

Expert Valuation and Pricing

Professionals have the experience and resources to accurately price a wide array of items, from everyday household goods to valuable antiques, collectibles, and even specialized assets like firearms or precious metals. This ensures you don’t undervalue your possessions or price them so high they don’t sell. Their knowledge of current market trends is key.

Wider Reach and Marketing Power

Established estate sale companies have established marketing channels and a network of buyers. This includes local collectors in Bartlett and the greater Memphis area, as well as national and even international buyers through online auctions. This broader reach can significantly increase the final sale prices for your items.

Time and Labor Savings

The sheer amount of work involved in organizing, staging, and running an estate sale is extensive. Professionals handle all these logistical details, freeing you to focus on other important matters. From initial setup to post-sale cleanout, a full-service company manages the entire process.

Reduced Stress and Emotional Burden

Parting with personal belongings, especially those with sentimental value, can be emotionally challenging. A professional team provides a buffer, handling interactions with buyers and managing the sale discreetly and respectfully. This compassionate approach is particularly important during sensitive times.

Security and Safety

Professionally managed sales ensure a secure environment, minimizing risks associated with theft or damage. They are also equipped to handle large crowds and manage transactions safely.

Types of Estate Liquidation Services for Bartlett Residents

Estate liquidation isn’t a one-size-fits-all solution. Companies like Memphis Estate Sales offer various services tailored to different needs and types of estates in Bartlett:

Service Type	Description	Best Suited For
Private In-Home Estate Sales	A traditional sale conducted within the residence, allowing buyers to browse and purchase items on-site. Memphis Estate Sales offers private estate sales in Memphis and surrounding areas like Bartlett.	Full estates with a wide variety of items; when the home itself provides a good backdrop for the sale.
Online Auctions	Items are cataloged, photographed, and listed on online auction platforms, reaching a global audience. This often results in higher returns for select items.	Estates with valuable collectibles, antiques, art, or specialized items; when an in-person sale isn’t feasible or desired.
Buy-Outs	The company purchases the entire estate’s contents outright for a lump sum. This is a quick disbursement option.	Clients needing immediate liquidation and a hassle-free process, often when time is a critical factor.
Partial Estate Sales / Consignment	Handling the sale of specific items or smaller collections, sometimes combining them with other partial estates.	Downsizing, moving, or when only a portion of an estate needs liquidation. See more about partial estate sales.
Specialty Liquidation	Expert handling of specific valuable assets such as classic cars, motor vehicles, firearms, precious metals, and business inventories.	Estates with unique, high-value items requiring specialized knowledge and marketing.

Expert Insight: A Tip for Bartlett Residents

“When considering estate liquidation in Bartlett, don’t underestimate the value of local expertise. A company familiar with the Bartlett market, its demographics, and local buyer networks can make a significant difference. Always seek a consultation; reputable firms like Memphis Estate Sales offer free consultations to help you understand your options and what to expect. This initial conversation is invaluable for building trust and ensuring a good fit.”

The Bartlett, TN Connection: Local Service You Can Trust

For residents of Bartlett and surrounding communities like Germantown, Cordova, and Lakeland, having a locally based estate liquidation service offers distinct advantages. Memphis Estate Sales is deeply familiar with the Shelby County area and understands the specific needs of its residents. Whether you’re located near the historic Davies Manor Plantation, the Bartlett Performing Arts and Conference Center, or in one of Bartlett’s quiet residential neighborhoods, tailored service matters.

Local knowledge means understanding local market values, having connections with Bartlett-area collectors and dealers, and being able to efficiently manage logistics for sales within the community. It also means a commitment to the local area. Memphis Estate Sales, whose owner Scott Park is a University of Memphis graduate, embodies this commitment, striving to provide services with integrity you can trust.

Choosing a local expert ensures that your estate liquidation is handled with a personal touch, respecting your connection to the Bartlett community and providing peace of mind during a challenging time.

Ready to Discuss Your Estate Liquidation Needs in Bartlett?

Let Memphis Estate Sales provide you with a compassionate, professional, and effective solution. We offer comprehensive services tailored to your specific situation in Bartlett and the greater Memphis area.

Get Your Free Consultation

Frequently Asked Questions (FAQ) for Bartlett Estate Liquidation

What areas do you serve besides Bartlett?

Memphis Estate Sales proudly serves the entire Memphis metropolitan area, including Bartlett, Germantown, Collierville, Cordova, Lakeland, Arlington, and other surrounding communities in Tennessee and Mississippi.

How much does estate liquidation cost?

Costs vary depending on the size and complexity of the estate, as well as the services required. Most professional estate liquidators work on a commission basis, meaning their fee is a percentage of the total sales. Memphis Estate Sales offers a free initial consultation to discuss your specific needs and provide a clear outline of any potential costs. You can learn more on our Projects and FAQs page.

What types of items can you sell?

We can sell a wide range of items, including antiques, furniture, collectibles, jewelry, artwork, tools, vehicles, household goods, and specialized items like firearms and precious metals. Our team has expertise in valuing and marketing diverse assets. For more details, check our services page.

How long does the estate liquidation process take?

The timeline can vary from a couple of weeks to a month or more, depending on the estate’s size, the volume of items, and the chosen sale method (e.g., on-site sale vs. online auction). We work efficiently to meet your timeline while maximizing returns.

Do I need to be present during the sale?

No, you do not need to be present. Many clients prefer not to be, and our professional team manages all aspects of the sale, ensuring a secure and well-organized event.

What happens to items that don’t sell?

We discuss options for unsold items with you beforehand. These may include donation to a charity of your choice, inclusion in a future sale, or arrangements for a final cleanout service.

Glossary of Estate Liquidation Terms

Appraisal: The process of determining the fair market value of an item or collection, often conducted by a qualified professional.

Buy-Out: An option where an estate sale company purchases the entire contents of an estate for a predetermined price, offering a quick liquidation solution.

Commission: The percentage of the total sales proceeds that an estate sale company charges for its services.

Consignment: An arrangement where an individual (consignor) entrusts items to an estate sale company (consignee) to sell on their behalf. The consignor retains ownership until the item is sold, and the consignee takes a commission.

Estate Sale: A sale of a substantial portion of a person’s belongings, typically held at their residence, often due to death, moving, divorce, or downsizing.

Fair Market Value (FMV): The price that property would sell for on the open market between a willing buyer and a willing seller, with neither being under compulsion to buy or sell and both having reasonable knowledge of relevant facts.

Online Auction: A sale where items are listed on an internet platform, and bidding occurs electronically over a set period. This can reach a wider audience than a traditional in-person sale.