By Mari Black
Estate sales Tucson pertains to estate liquidation. This kind of a sale is akin to auction, garage sale or yard sale. These are accomplished to be able to dispose of a big portion of a person belongings. The person can be someone who passed away already or has transferred to another area.
Estate sales are carried out for a number of reasons. Often, this is due to the fact that the owner of the belongings died and the survivors want to part with his personal items. Or, they may not have enough room in their home to house the items.
One possible reason is a court ruling. This scenario usually happens if survivors have some disputes regarding the disposing of the property. The court may rule that an estate sale is in order. The survivors then will split the proceeds of the sale.
Still another reason is if the deceased requested in his or her will that estate sale will be used in disposing the belongings. The survivors are required to follow that is written in the will. The division of proceeds may be mandated by the deceased person in his or her will also.
And lastly, one of the reasons for an estate sale is the owner is not deceased but merely want to relocate another place where bringing his stuffs may not be possible. He or she may not be allowed to bring his belongings to this place. For example, if he is relocating to a rest home, assisted living facility, a retirement community and other living arrangements.
Estate sales are oftentimes done by professionals in this field. They get a percentage of the amount earned. The professional liquidator is also allowed to charge the estate other pertinent costs such as security, advertisements, research, marketing, refreshments, labor and other fees. The liquidator helps the family to tackle the huge amount of work required in an estate sale.
The liquidator is also acquainted with the people who usually buys estates. Other important people involve in the sale include dealers, collectors and general public. Liquidators often know the buyers name. That is why marketing is made so much easier.
The liquidator is also adept in pricing the items. He knows value of the household goods. The percentage they charge for their fees often falls within the 20 to 50 percent range.
Estate sales Tucson oftentimes run from 1 to 3 days. They sell properties at a much lower price at the last day of the sale. Some give away the belongings totally free rather than throw them out to the garbage. This can definitely dispose of unnecessary things at the same time minimize the things that need to be disposed.
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Topics: Real Estate | Comments Off
MLA Style Citation:
Black, Mari "What Estate Sales Tucson Is About." What Estate Sales Tucson Is About. 25 Jun. 2010. uberarticles.com. 20 Feb 2016 <http://uberarticles.com/real-estate/what-estate-sales-tucson-is-about/>.
APA Style Citation:
Black, M (2010, June 25). What Estate Sales Tucson Is About. Retrieved February 20, 2016, from http://uberarticles.com/real-estate/what-estate-sales-tucson-is-about/
Chicago Style Citation:
Black, Mari "What Estate Sales Tucson Is About" uberarticles.com. http://uberarticles.com/real-estate/what-estate-sales-tucson-is-about/
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