Estate sales take place when someone wants to sell their current property because either the owner has found a better housing opportunity or is deceased. Usually, the sales are managed by professional real estate companies, professional estate liquidators, or estate owners also organize estate sales through auctions formed by the owners or the heirs of the property.
No matter which purchasing method you approach, there are general tips that a buyer must look into before making his/her decision:
Attend a sale on the first day, this way you can check out the merchandise carefully and know the price as well. If the price is high, then you can come back on the last day of the sale and ask for a lower cost if the item is still on sale.
Go early and get in line and try to be one of the first customers to get in on the sale. If the auction is held indoors then the organizers usually allow a certain no. of people inside the house at a time. Set a goal to be in the first group of the day.
Take a huge bag, like a tote, along with you. You might not be allowed to enter. Instead, carry a small bundle of cash in your front pocket.
Feel insulted if security asks to check your bag or for your receipt before you leave the premises. It is hard to keep an eye on all the people at a sale, so they amp up the security at the exit gates so that customers can’t walk away with merchandise that they have not purchased.
Expect a bargain on the first day. The first days the estate sales are usually professionally managed. There is no harm in asking, but you won’t have much luck in trying to get stuff for a cheaper price.
Ask about payment options and other financial details before making a large purchase. It is very important to collect all types of financial records. Always ask whether the purchase requires card payment or cash payment.
Ask about pickup policies, usually at sales you can pick up large purchases like furniture on the same day or the next day. But it is best that you get that query cleared before handing in your money.
Feel uncomfortable going around the house and checking out rooms, even private rooms, like bathroom and bedrooms. If a room is off limits it is usually taped off and marked off with tape.
Hopefully, the above listed Do’s and Don’ts help you out with your next visit at a real estate sale. Happy shopping!