You do not need to own a property for the sale of real estate. But you do not need to know that real estate sales differ significantly from garage sales. In a real estate sale, a company pays to manage the event and sell every single item on the home page. This is often the best course to choose after a divorce or death in the family. Do not do any of the actual sales, but there is a lot of work to do to prepare for one.
Instructions
- Create an inventory of the contents of the house, garage, yard and other properties. Make a separate list of important documents, including real estate deeds, stocks, bonds, insurance documents, bank accounts and personal documents. Locate valuable assets such as jewelry, cash and artwork. Order through the personal effects and determine how you will dispose of them.
- Hire a professional organizer to help you with the farm, especially if you live far away or cannot invest the time, or if the process is too emotionally difficult. An organizer can help you decide what to hold, throw, give to relatives or sell and suggest places to donate unwanted items. He or she will also stock the remaining possessions, package or supervise the packing and arrange for storage and shipping of household items. Watch 12 get rid of what you do not want.
- Interview at least two real estate sales companies. Ask for a business license and insurance policy. Call in recent clients and ask a lot of questions. Give each company a copy of your inventory and expect it to inspect the contents of the house.
- Ask what the company estimates you will earn by selling, what your fees are (usually a percentage of the gross), what the fees cover and what your timeline is for a property sale like yours. Get information about the advertising company what it will do before the sale.
- Make sure the business you choose has experience (personal or call) if the includes valuable items such as antiques, art jewelry. We reserve the right to obtain independent appraisals if you are not satisfied with the company. You will have to pay for your own valuations.
- Look out for whether the company policy allows marketers who come before the sale to buy items. This is not necessarily a problem.
- Inquire about company after-sales procedures. Will we contact a charity to remove non-selling items? (Make sure you get the receipt for tax deduction). Are garbage being transported away and leaving the house empty and clean.
- Choose a company based on the information you have collected. Get a written contract and make sure it covers all aspects of the sale – when it will take place, what the costs will be, how much advertising will be done, valuation of special items and so on.
- Arrange to get full ledger accounting when complete.
- It will also not have a percentage of the total sales figure, so there is no out-of-pocket expense for you.
Tips & Warnings
- Make sure that real estate sales companies do not charge for inspection and initial interview.
- Look for a company that can provide showcases with lock if your estate contains small valuable items like jewelry.
- Find out if the sales company will bring leftover items from other sales to the sale of real estate. This is not necessarily a problem, but many people want to know about it.
- Stay out of the house during the sale. It is often emotionally difficult to see family heirlooms carried by strangers.
Categories: Blog