Sparks, NV Estate Sales around 89431 (2024)

FAQs

Do you negotiate at estate sales? ›

Haggling or negotiating is a common and expected practice at estate sales. It's completely normal to try to get the best deal possible, and the seller is likely expecting it. In fact, they may even be open to negotiating in order to move the item quickly. Don't be shy about negotiating at an estate sale.

What Percentage Do Estate Sales Take? Estate sale companies generally charge a standard commission rate between 30 to 40 percent of sales. Before they agree to take on a client, they'll typically provide a gross sales minimum. This means that the total value of all the items to be sold must meet or exceed that value.

Weekends and mornings are usually the most popular times for estate sale shoppers.

Most sellers will make a counteroffer with a price that's higher, but still below their list price, because they're afraid of losing the potential sale. They want to seem flexible and willing to negotiate to close the deal.

It's a commission-based field, so the majority of the money estate sale companies make comes from the sale of the items. Different companies have different pricing structures, but in a recent survey, we found the average commission rate, nationwide, is 35%.

The average commission rate for sales sits somewhere between 20% and 30% of gross margins, but this depends on the sales structure. Some workers may earn their whole salary through 100% commission, while others earn 10% on top of a base salary.

Jewelry. Old, vintage and antique jewelry is worth considerably more these days thanks to the rise in metal prices. Plus, you can often find rare, one-of-a-kind jewelry pieces at these sales, which women love to spice up their wardrobe.

Evaluating Condition And Rarity

Condition and rarity greatly impact the value of estate sale treasures. Whether it's a vintage painting, a piece of antique jewelry, or a mid-century furniture set, the better the condition, the higher the value.

What is the best price for selling a house? ›

Most home sellers will get the best results if they set their asking price within 5% of what target buyers would consider to be the fair market value of the property.

Arrive Early, But Don't Expect to Shop Early

While it's customary to line up well before an estate sale begins (companies will often hand out numbers to acknowledge your place in line), don't expect that premature arrival to get you in the door a second before the sale officially opens.

Prevent Theft

Invest in hiring a few security guards and station someone in each area. They can help carry items and greet shoppers while also monitoring the items for sale.

To increase your chances of selling items, it's best to make sure everything is organized and displayed neatly. If your shoppers have to sort through junk piles, they are less likely to stay and discover the treasures waiting to be found. Instead, you could display silverware, china, and other kitchen items together.

When you are discussing fees, be firm, be open to discussion, and be polite. Ask your estate agent exactly what you get for those fees and stand your ground if you think the fees are too high. It's worth thinking about it like this – the fee structure is there as a first point for discussion.

The major benefit of a counter-offer for buyers is the potential to secure the home for less money and on better terms. However, if you really want the house, it's not a great idea to go back and forth too many times with counter-offers.

For example, you can accept the “best” offer; you can inform all potential purchasers that other offers are “on the table” and invite them to make their “best” offer; you can “counter” one offer while putting the other offers to the side awaiting a decision on your counter-offer; or you can “counter” one offer and ...