Estate sales (or tag sales in some parts of the country) are increasingly used in the U.S. for the four “Ds:” Death, Divorce, Debt and Downsizing. Sometimes when the neighbors are close friends, we can add one more “D,” desertion. It feels like that doesn’t it?
Does it ever shock you when your neighbors here in the Simi Valley area decide to sell almost everything they had accumulated over the years and move to Oregon, Florida, Charlotte, or become expats? They worked hard to buy the large dining room table and eight chairs, the sofas, the lamps, the art work, the beds and exercise equipment, the outdoor furniture and even the BBQ that practically cooked by itself. They start with a couple of garage sales, but the big stuff was is auctioned or sold in estate sales.
Expect to see more estate sales because Baby Boomers who make up the largest demographic in the U.S., those born from 1946 to 1964, are reaching the age of 65 at a rate of 10,000 a day. That trend will continue until 2029. For the most part the kids are gone, the house seems too big, there’s a lure more toward temperate climate and a desire for snowless winters. Getting rid of their stuff and starting over in some new land is appealing in many ways.
Another factor leading to estate sales, parents of those reaching 65 are dying while the kids are downsizing. They have nowhere to put their parent’s furniture. As if that isn’t enough, the divorce rate for those around 50 has doubled recently, and debt, the American way, continues to claim victims in this slow economy. Getting rid of what George Carlin referred to as “stuff,” requires more than a garage sale. It requires a professional. Enter the estate liquidator.
Estate sales are public sales conducted by estate liquidators, in the house of the seller. The seller is asked to remove everything they want to keep and all the rest is tagged with a price. The estate liquidator uses their vast knowledge to set a price on each item that maximizes the price with an eye on liquidating everything quickly. The estate liquidator may offer a price upfront for everything, or take a percentage of the sales. The estate sale is held over a weekend, and items are sold on a first come, first served basis. After the sale, unsold items are donated or junked.
Coal to Cash Homebuyers, Inc. is here to help homeowners out of any kind of distressed situation. As investors, we are in business to make a modest profit on any deal, however we can help homeowners out of just about any situation, no matter what! There are no fees, upfront costs, commissions, or anything else. Just the simple honest truth about your home and how we can help you sell it fast to resolve any situation.
Give us a call today at 805-426-9988 to let us know what YOU need help with!