Estate sale mistakes are common when you carry them on your own. When it counts on the experts, you are out of TROUBLE.
According to the STATISTA, there were 6.12 million homes sold around the GLOBE. It is expected to reach at least 6.07 million home sales only in 2023.
Believe me! These are not small figures.
It is expected to go up in the upcoming years. You can assume its growth in the forthcoming. And there is no chance for mistakes to happen.
You should be careful about that. Do you want to know about the COMMON ESTATE SALE MISTAKES?
Let’s take a look.
Suggested Reading: How does an estate sale work for a house?
Why do people carry out Estate sales?
An estate sale is selling old property of your own or the deceased one in your family.
There can be many reasons.
- You have excessive inventory that is no longer used. You want two things—some bucks and free space because of useless things.
- You want to sell the property of a deceased one in the family.
- You are moving to another place and want to sell the property.
There can be many other reasons as well. You should take a look.
Common Estate sale mistakes you might do
Are you thinking about the estate sale?
Wait. Don’t do that before you know the estate sale mistakes.
Here are the MOST COMMON estate sale mistakes.
- Ineffective Advertising
Advertising is a CRUCIAL part of an estate sale.
For example, if you know 100 buyers will visit your estate sale and buy the products. With good advertising, you could bring 100 more buyers.
The more buyers, the more the opportunity to sell is.
And do you want to lose it?
You lose it when you don’t advertise properly. Invest a very HIGH BUDGET in the early phase and get out of budget later in advertising. You have to keep an eye on this fact to avoid any more estate sale mistakes.
- Wrong Price tags
None will buy the products that are PRICED more than their value.
Since you are selling second-hand and used items, you will have to decrease the price as well. A single wrong price tag can divert the attention of the buyers.
You are going to lose some of your buyers.
- Removing some products before the sale
Don’t remove anything before the sales.
An estate sale is an occasion where you should never remove a single item. Keep it in mind; otherwise, you might lose some bucks.
- Poor staging
Wrong or ineffective staging of the products can cost you HIGH.
Categorize the products accurately. Know what products should be categorized in what category.
Wrong categories will make your buyers bamboozled. In turn, you’ll lose sales.
- Not hiring the experts
Are you an expert? Have you carried out the estate sales earlier?
If not, it will be a BIGGER DEAL than you think. Hire the experts. If you do not do it, you are making a big mistake.
- Failure to separate Market Value and Emotion
The market is something different from emotions.
You should not mix them both.
Final Words
Hiring the wrong company is a BIG MISTAKE. The question is, how can you even reduce it?
Any solution?
Yes, there is a PERFECT SOLUTION. It is comprehensive research for the SPECIFIC features of a company.
We have a TOP COMPANY in New Jersey.
Timeless Treasures is a team of estate sale experts who do not make mistakes. You’ll decide the dates; we’ll perform the estate sale.
Let’s talk about this on the phone call.
