Your Estate Might Be Worth More Than You Think

4 August 2017
 Categories: Finance & Money, Blog


An estate service is the best way to handle the belongings of a loved one after he or she has passed away or when you need to eliminate your possessions for whatever reason. It is common for the owner of an estate to underestimate how much the belongings are worth. There may be possessions that are rare collectibles or that may be considered antiques. 

Be Aware Of Fluctuating Prices

One of the challenges of determining the value of an estate is how items go up and down in value. For example, you may expect an old car to not be worth very much, but there are some old cars that are actually in high demand and may be worth more than you expect. An item is valued based on its fair market value, which may even be higher than what you paid originally. An item that was purchased new, and has been used, may actually be more valuable in some circumstances due to scarcity.

It All Comes Down To Finding A Buyer

While an item might be worth a lot, there is no guarantee that you will receive what that item is worth. You will need to find a buyer who is also willing to pay what the item is worth. In some cases, if you need to sell an item more quickly, you may need to lower the price in order to move it. 

Have An Expert Take A Look

When you have an estate that must be eliminated, it is easy to waste a shocking amount of money in the process. You may sell belongings for much less than what they are worth. You may believe that you have a pile of junk, but an expert may look at the junk to discover that it is actually a valuable treasure. 

Don't Remove Anything

Make sure that nothing has been removed after the estate sale service begins working on a sale. The goal of the estate service is to earn you as much as possible through the sale because the service will earn a percentage of what he or she sells. So the more money the estate service earns you, the more money they will earn as well. When you remove items from the estate sale, you may be charged a commission as a result. If you do plan on taking an item, make sure that the estate agency is informed right away.

For more information, talk with a provider like Remember When Estate Sales, LLC today.