Estate Lawyer Advice for Estate Sales and Auctions
One of the most common ways people handle an estate is by having an estate auction. It’s a great way to clear out a lot of the stuff you don’t want to keep or that you’d rather sell. If you want your estate sale to be successful, you’ll want to take some steps to give it the best chance. Today in the Davidson Law Group blog, our estate lawyer team talks about what you should do to make sure you have the best estate auction possible.
Related Post: Estate Attorney Advice on Estate Cleanouts
Make an Inventory
First, it’s a good idea to get a grasp of everything you have in your possession. Taking an inventory of all the items will not only allow you to find everything you want to sell or keep, but it’ll also show you what’s leftover once the auction is over. Our estate lawyers recommend making a spreadsheet and noting whether or not something was sold and what it was sold for. This will help you have a comprehensive idea of the estate.
Don’t Throw Anything Away
You know the old adage “one man’s trash is another man’s treasure?” You may be surprised at how true it is. Unless something is clearly garbage, you may not want to throw it away. Our estate attorneys recommend keeping as much as possible for the estate sale because you never know what people might be in the market for.
On another note, it’s a good idea to clean your things up. People will be more likely to buy things that are tidied up a little.
Get Everything Appraised
If you have some higher ticket items, you’ll want to get them appraised so you know roughly what you can get for them. Obviously, you don’t have to have every last thing appraised — but antiques, instruments, art, and similar items should be looked at by experts.
Market the Sale
Our estate lawyers recommend doing some marketing to get the word out. Putting signs up is a good way to get people’s attention, but you should also try and put some notice on social media. This way you get the most people possible to show up.
Contact Davidson Law Group to Speak with an Estate Attorney
If you’re looking for help from an estate lawyer, choose Davidson Law Group. We can help you with wills, trusts, estates, and more. Contact us today for more information and for a free consultation with an estate lawyer.