Exploring Your Estate Liquidation Options: Estate Buyout vs. Estate Sale
When the time comes to handle the liquidation of an entire estate, it’s essential to understand your options. Two common methods for estate liquidation are the traditional onsite estate sale and the increasingly popular estate buyout with a cleanout service. Let’s delve into the differences between these approaches so you can make an informed decision.
Onsite Estate Sale
An onsite estate sale is a well-known method to liquidate a fully furnished home. They are normally conducted over the weekends after staging and pricing the contents of the home. It’s a practical choice when the estate contains a mix of high-quality items, household goods, kitchen, gardening tools, and various collectibles accumulate over a lifetime.
However, there are some aspects of onsite sales that may deter certain homeowners. One potential drawback is the significant foot traffic through the house during the sale, which might not appeal to everyone. Moreover, setting up an onsite estate sale for a larger home can take up to two weeks and may require an additional week to cleanout and donate unsold items. These sales are labor intensive to set up and operate properly and these costs may outweigh any potential profit and deter estate sale companies from taking on the project.
Estate Buyout with Cleanout Service
In recent years, an alternative approach has gained popularity: the estate buyout coupled with a cleanout service. This method involves removing items from the estate and leaving it broom clean. The costs associated with cleanout are offset by the purchase price of the items that can be removed and sold elsewhere. This combination of estate cleanout and estate buyout is a perfect choice for estates that might not possess enough valuable items to justify the expenses of setting up an onsite estate sale. Homeowners with a limited amount of time to empty the home find this to be a great option.
Estate buyouts are particularly suitable for estates with high-quality items but not necessarily a large quantity of them, or for those containing an accumulation of collectibles amassed over decades that would be too labor intensive to stage and sell in a retail environment.
Why Choose Hughes Auctions and Estate Sales
Hughes Auctions and Estate Sales has been serving the Los Angeles, San Gabriel Valley, Pasadena, San Marino, La Cañada, and the surrounding markets for over four decades. Our experienced team offers a vast network of buyers and charitable donation options, ensuring that your estate is liquidated responsibly. Our goal is to divert items away from landfills and into new homes where they can be appreciated and used. Hughes is bonded and insured and provides a high level of customer services at all stages of the project.
Our knowledgeable appraisers are eager to visit your home for a walk-through consultation, assessing your specific needs and estate’s characteristics. Whether you opt for an onsite estate sale or an estate buyout with cleanout, we are here to assist you through every step of the process.
Don’t hesitate to contact us today to start the process. We look forward to hearing from you and helping you navigate the best path for your estate liquidation needs.