A Guide to Selling an Inherited Home

, , , ,

An inheritance is one of those things where even a gain can often feel like a loss. The circumstances for most inheritances being disbursed is either severe illness or death of a loved one. Such situations can be incredibly difficult to get through and yet they must be dealt with as they arise.

A common object that is passed down as inheritance is a home. In such cases you really only have two options: rent the home out to someone else and generate some income on the side or sell the home after holding an estate sale to sell of the items within the home.

Today we’ll walk you through the intricacies of selling a home that you’ve inherited so you can make the best decisions possible.

Preliminary Considerations

Before you can begin in earnest, you must figure out a few things with respect to the property you’ve just found in your possession. The first thing to take care of when selling an inherited house should always be to find out how much the home is worth. Professional evaluators can do this job for you and they are a better option than using online estimators.

This is because the pros can tell you what you are likely to get not what you should get. Estimators only give ballpark figures and don’t factor in market conditions. You will also have to contact the mortgage company to find out how much of the mortgage is still outstanding.

Along with the mortgage, you should probably take a look into any and all debts that may be associated with the property as those will be deducted from any sale. The same applies to the mortgage. All these calculations will provide you with realistic figures surrounding the property.

You should lastly account for how the windfall from the sale of an inherited home will have to be reported on your taxes. You will have to look into what exceptions you are and are not eligible for and make decisions accordingly.

Selling the Home

Now we move on to actually selling the property. Before selling an inherited house you will want to clear out all the belongings in the home. This means that first you and your loved ones should distribute objects of sentimental value. After that, you should hold an estate sale or a yard sale to empty out the things in the home.

This is because you have no need for these things and the proceeds from the sale can be used to fund other aspects of the home sale. You should then find a good realtor who can take care of the legal and financial aspects of selling an inherited house. You should also determine who has the legal responsibility to carry out the transaction. This would normally be the executor of the will.

The next steps are simply to wait for an appropriate offer to arrive and then iron out the final details of the sale with a real estate agent.

Top 8 items in an Estate Sale to be Flipped for Cash

,

People have made thousands of bucks from selling items found in an estate sale.

Now, it isn’t easy to do. You must know which products can hold a lot of value.

Estate sales hold over hundreds of items; some are worth some serious cash while others not so much.

If you can put in the hard work with some expertise on products’ value, you can undoubtedly gain from estate sales.

1. Change

That is right, change, i.e., coins, can hold real value, especially if you can find the coins made between 1917 and 1945. A person sold a 1916 mercury dime for $3,000!

2. Furniture

Furniture can last up to decades which is why it is always valuable. However, if you can find some wooden furniture and refresh the look through sanding and wood restoration, you can make a nice profit.

3. Trading Cards

Trading cards have worldwide fans, which means a huge market! However, most cards usually have wear and tear, and so they do not sell for much, but if you find them in good condition, you can charge a hefty price online.

4. Leather Belts

Belts are pretty easy to find in estate sales, but you should look out for animal skinned belts because they can rake in some real profits.

5. Vintage Video Games

Video games have a huge market as well. If you can get your hands on consoles or games that were made before 2000, you are in for the money.

However, if you find rare editions, then you don’t need to look elsewhere!

6. Tools

Tools that are in good condition, especially power tools, can earn you decent cash because there is always demand for such products.

Since power tools are expensive, you will always find customers for second-hand power tools.

7. Anything that is Signed

An endorsement by a famous person is the easiest and quickest way to earn profits. Try finding things like books or records that have been autographed. These sell at exorbitant prices!

8. Anything that is Limited

Limited edition books, games, shows, sneakers, etc., hold a lot of financial value; if you can find these at a low price at an estate sale, don’t think twice and buy them right away.

Summing it up

Making money is everyone’s dream, and money that is made quickly seems even better.

Estate sales are a quick way to make profits, but people are usually unaware of where they can find these sales.

Orlando Estate Sale Ladies, LLC holds such sales quite often, and you can find a list of upcoming sales on their website.

Moreover, if you need someone to hold an estate sale for your property, they offer a free consultation. So, call them now at (321) 663-6981.

10 Unique Treasures you can Find in an Estate Sale

,

Everybody loves the sound of a sale. You will find many people rushing towards wherever they can find a sale or discount, and why would they not?  Most of us love a good bargain.

Estate sales are the right place to find something great at a low price, and sometimes the products can even be treasures for some people. After all, someone’s trash might be another person’s treasure.

1. Art

You can find a bunch of painting or other artistic works in an estate sale. These items might sell at low prices, but their value is usually much more than the asking price. Therefore, it becomes an essential treasure to grab if someone doesn’t beat you to it.

2. Chinaware

Another important treasure to look out for is expensive kitchenware. For example, Chinaware is one of the most durable kitchenware, and so it can be a real treasure.

3. Signed Material

You are fortunate if you can find some autographed products like books or records. These hold a lot of financial and emotional value. Whether you are in it for the money or because you love that particular celebrity, an autographed product can offer you a lot!

4. Jewelry

It isn’t easy to find gold or silver jewelry at an estate sale. However, if you look hard enough, you might stumble across some vintage jewelry that can be worth a lot!

5. Books/Comics

Any book can hold a lot of value if it is famous, signed or written by a renowned author. Finding the right book depends on your tastes, but you can easily find books at an estate sale.

6. Furniture

Some people look for items that they need around the house. Furniture can always prove to be useful, but if you can land your hands on vintage or antique pieces of furniture, you might be sitting on a gold pot.

7. Vinyl Records

Another item that you can easily find in estate sales. Again, if you can land your hands on the right vinyl record, you might have something of real value.

8. Classic Video Games

Another common item found at estate sales. Usually, the value associated with these items is due to nostalgia. However, if you can find a rare edition, you have found a real treasure!

9. Cash

You heard it right; you may find cash at an estate sale. It isn’t as easy as it sounds though, if you are lucky, you can find some money lying around in clothes or a drawer.

10. Exclusive Shoes

These are particularly hard to find because owners usually know the value of such shoes. However, if you are lucky, you might end up finding a rare Nike Air Force 1s; it has happened before.

Parting Words

If you want to find out about the upcoming estate sales in your area, we know the right people for it.

Contact Orlando Estate Ladies, LLC at (321) 663-6981, they have information regarding upcoming sales, and if you need to conduct an estate sale of your own, they offer free consultation as well!

Things to Consider Before Hiring an Estate Sale Company

,

 

Selling your home can be an overwhelming process, which is why many people choose to hire an estate sale company. Such companies provide the promise of a smooth, hassle-free process for you, in return for a fee.

When you see the enormous mountain of tasks that you will need to undertake to carry out a successful estate sale, you may be enticed by the prospect of hiring professionals. Don’t rush into the hiring process though, rather take your time and do your research.

Here are some questions you should ask the candidates, to ensure that you go into the process with complete clarity.

Services Catalog

Before you hire an estate sale company, you should always ask for all the services that will be included in their engagement with you. Selling a house isn’t easy, and there are many items that need to be addressed before, during and after the sale.

These things may include:

  • Sorting
  • Cleaning
  • Staging
  • Advertising
  • Permits
  • Sales Tax Fulfillments
  • Post-sale cleaning

Fees and Charges

While the variety of charges, and the manner in which they’re collected will vary by case, you should have an idea of how the payment will be spread out. This process also involves probing the estate sale company about which charges will be covered by you, and which will be covered by the company.

This helps avoid any future misunderstandings, and lets you get a final price on selling the house. As you can see, the liquidator’s fee is not the only expense that will arise. You should also ask if the payment will be taken in full after the sale, or if a deposit is required.

Appraisal Techniques

You should definitely ask any estate sale company that you’re thinking of hiring, how its team makes price determinations. Many have professional appraisers; find out if that is the case. If yes, you should ask about the appraiser’s qualifications and expertise. Clarity on this matter is required so that you can rest assured that you’re getting a fair price for everything.

You should also find out how the professionals appraise the value of items they are not experts at. This will give you insights into their process, and help you decide whether you trust the processes to deliver reliable outcomes.

Safety

Estate sales attract large swathes of people to your property. It is the estate sale company’s job to keep your property secure, and manage the crowds of people adequately. This information will reassure you that enough security is present, and enough precautions are being taken to safe keep your valuables.

Conflicts of Interest

Staff working at estate sales and estate sale companies sometimes like what they see for themselves. This is obviously a huge conflict of interest. It may result in your item being sold for a far lower value than it would collect on the market.

Obviously, estate sale companies are familiar that this is a potential problem. Staff needs to be well-trained and thoroughly screened to ensure that you aren’t being cheated. As such it is important you grill all candidates to find out if they’ve established internal controls that are rigorous enough to counteract any foul play.

Wrapping Up

Orlando Estate Sale Ladies is fully licensed estate sale company that has a stellar reputation in the market. We pride ourselves in delivering high-quality services to all our clients. Reach out and avail our services at no upfront cost by calling (321) 663-6981.

 

 

How An Estate Liquidation Service Can Help Real Estate Agents

,

Are you a real estate agent in Orlando who is helping a client sell or acquire a home? If so, you may be surprised how an estate liquidation service like Orlando Estate Sales Ladies, LLC can help you. An estate liquidation company brings together every moving element of an estate sale.

The individuals working for us are experienced professionals who can liquidate the entire contents of a home within two days—putting cash in your buyers’ pockets and helping you close that sale.

Keep reading to know what we do and how we can help you.

What Happens In An Estate Sale

If you’re thinking of organizing an estate sale, we suggest you visit one first to get an idea. Typically, estate liquidators working for Orlando Estate Sales Ladies, LLC conduct a sale in this format:

  • They dispose of unsold items of a home quickly
  • They’re open to the public
  • They put several individually priced items are put on display
  • They take two to three days (or lesser)
  • They involve the sale of personal possessions
  • After the estate sale is complete, realtors can list the home for sale

Why Should A Real Estate Agent Hire An Estate Liquidator?

An estate sale isn’t something as simple as a garage sale. People can hire an estate liquidation service for several reasons, but the most prominent reason is their expertise with the process. The individuals working for us have the necessary knowledge which helps them liquidate the contents of a home.

We can facilitate an appraisal for a diverse collection of items to ensure everything clears out quickly. We’ll display the items throughout the house to get shoppers’ interest, which can stimulate them into making a purchase.

To provide brilliant customer service, we can also get additional sales associates or security guards if the items on sale are valuable. We have a wide professional network, allowing us to contact several different shoppers and advertise the sale on various media. During the estate sale, it is also our responsibility all the concerns that may arise. And after the sale has concluded, we arrange a pick-up for various paid-for large items so they can be shipped to the purchasers. And after everything’s said and done, if there are still any unsold items, we ensure that we get rid of them.

What An Estate Liquidation Service Isn’t

Estate Liquidation Service

Orlando Estate Sales Ladies, LLC has hired individuals who have a strong background in the liquidation industry. That said, we aren’t attorneys, meaning we can’t provide real estate agents advice on the legal aspects of an estate liquidation service.

Finally, it is also important to remember that some family members may be dealing with heavy emotions as they’re preparing to liquidate a family member’s home. While we are sympathetic, we aren’t skilled to handle emotional concerns either.

Effective Staging: Selling A House With Lots Of Clutter

,

Interior Design

If you’re a home stager in Orlando or an interior designer in Orlando who is trying to stage a home for an upcoming sale, you know the job is all about presentation.

Cleanliness is key and there’s only so much that you can do on your own. It’s your job to ensure the home makes positive impact, but before you do what you’re responsible for, it’s imperative you let a estate liquidation service like Orlando State Sales Ladies ensure you have a blank canvas to work on.

Keys to Effective Staging

No matter what kind of property or floor plan you’re dealing with, the best result after a home staging will make the home look like a home. This is essentially why buyers love homes that have been staged!

An estate liquidation service ensures that the house is clean and an interior designer can make it look top-notch. Getting the help of an estate liquidation service in Orlando can prove to be helpful and the numbers have proved this time and time again.

Research by BankRate has shown that not only do staged homes look more appealing, but they also sell for a higher price (17 percent increase), since they stand out from the crowd. Here are some of the basics you need to stick to:

Get Rid of the Junk

The first thing you need to do is to remove all the junk in the home. It’s not just about decluttering, everything has to go. One effective rule of thumb you can follow is that all closets must be left with 30 percent space. Moreover, all cabinets need to be organized by following the same rule. Doing all of this yourself can be a hassle, hire an estate liquidation service to do it for you.

Personal Items Are Off Limits

Buyers don’t like personal items. Apart from the pictures and personalized decorations, other personal items and toiletries need to go, too. Ensure these are out of sight before a buyer enters the home.

Curb Appeal Matters

Did you know a prospective buyer only takes 7 to 10 seconds to know if a house is worth buying? This happens when they look at the home for the first time and this is when they are entering the home. Your home’s entrance should look amazing because it is the buyer’s first interaction with your home. That said, try not to go overboard either, or people will look at it as a maintenance headache.

Conclusion

For a home stager and interior designer, cleanliness is the pre-requisite for every project that is well done. If you’re trying to avoid the decluttering process so you could have more time to focus on your staging or designing techniques, let us handle your hassle! Orlando Estate Sales Ladies, LLC has been doing this for a long time and we’ve been given an A+ by Better Business Bureau!

Call us today on (321) 663 6981 or click here to browse through our gallery.

Hold an Estate Sale When You Have Outgrown Your Home

,

Depositphotos_10298688_xl-2015

You love your home! Perhaps you bought it with the intention of raising your kids there or maybe you have found that your household now includes aging parents or even a roommate you hadn’t expected.

Whatever the reason, you are now wondering if the home you love has become too small for your lifestyle, but how can you tell? One way to tell is if you find you have too much stuff for your space. This may mean it is time for liquidation or an estate sale before moving to a new home.

Realizing you’ve outgrown your home can mean different things to different people. To some, it could mean the need for an extra bedroom, or two. For others, the family room or living spaces seem too small for the family to gather and for meals, homework or holidays. As you begin to evaluate if the time has come to move, consider these questions:

•Have we run out of spaces to use for storage or common family activities?

•Do family members need more private space for themselves?

•Does the yard or outdoor areas include room for the family to use for enjoyment?

Think about the different ways you accommodate your needs to your home and not the other way around. If you are finding ways to fit yourself and your life into your home, you might be ready to find a larger home.

If you choose to liquidate the sorting process is essential. Sort belongings so that you can easily tell which items will be kept or put in sotrage and which ones are to be sold.

Many times you won’t have the task of sorting. If you find the right Estate sale company, such as Orlando Estate Sale Ladies, LLC they will do all of the sorting, pricing, organizing and liquidation for you.

If you have further questions contact the Orlando Estate Sale Ladies, LLC today.

4 Reasons Why Seniors Should Have an Estate Sale While They are Still Living.

,

4 Reasons Why Seniors Should Have an Estate Sale While They are Still Living.

4 Reasons why Seniors should declutter and have an estate sale while they are still living.

At Orlando Estate Ladies, LLC, we understand that disposing of the property of loved ones when they downsize and move, or when they die, can be very difficult, both logistically and emotionally. But, as Marlies Bredel explains, expert help is available. We get the opportunity to work with the families of loved ones past to help them sort through the memories of a lifetime and convert memories and belongings into cash to settle the estate.

It’s never easy and we understand that. This is why our service is so vital and why our company is different. We work closely with families, Real Estate Agents, Probate Attorneys and others, to make estate settlement a seamless and smooth event. It is best for some of the planning to be done in advance. Most estate sale companies, like Orlando Estate Ladies, LLC  evaluate, sort, organize, clean, price and tag items. If needed they may be able to help call in a specicif appraiser for valuables.  They publicize and advertise the sale, often posting photos online of items included.

I wanted to take this opportunity to share some sad, but true news about our parent’s lifetime collection of stuff.

Business Insider Reporter: Goodwill is ‘overrun’ with stuff millennials and Gen Xers refuse to take from their parents, who pay up to $5,000 to get rid of it  By Libby Kane Aug. 21, 2017, 11:14 AM

Younger adult generations won’t take their aging parents’ stuff, The New York Times reports.
Some of these parents are paying thousands of dollars for professional help downsizing.
The resistance among grown children could be financial — or ideological.

No one wants the family china.

At least not the generations set to inherit it.

Tom Verde writes in The New York Times that millennials and Gen Xers are uniquely resistant to the influx of furniture, kitchenware and general stuff that comes with their parents’ downsizing.

They can’t even donate it.

Source: (https://www.businessinsider.com/adult-kids-refusing-heirlooms-2017-8)

Now here are our 4 expert tips” Decluttering and organizing your belongings while you are young enough to tackle the job allows you to:

Access what you want easily.

It is easier to get to the things you use every day or want to access quickly. Some seniors find themselves sorting through years of stuff to get to things they want to access quickly. Prior to your sale make a list of things you find yourself stumbling over that you have held onto. (Things that are not sentimental that you want to pass down later)

Adult children and parents can participate 

By sorting through the family treasure chest of collected stuff over the years, elderly parents and children have the opportunity to join in this effort together as a family project. Together the family can decide which items, if any, should be donated and let the family express their feelings about which items each of them would like to have. Once the family has decided what items to set aside for keeps and who gets it, and after you have hired a professional, it’s best to step away from the liquidation process.

Reorganize sentimental possessions for safe reach. Enjoy memories stored in mementos, photos, letters, videos and other treasures you’ve been saving. Have a designate space in your home to store these items so that you can access them easily when you children or company comes over. You may want to have times of going through memoirs and take a trip down memory lane with loved ones and friends. No need to package in boxes taped up if you want to visit them. Organization is the key. This tip is very important if seniors are downsizing and moving into a smaller home or apartment.

Make room to easily through the home in case you become disabled. By reducing the amount of things you have stored through the years you will open up and free space to rearrange furnishings and make room for mobility items, scooters, power recliners, tray table or other items you may need as you age. You will also have room for walkers, walking with a cane, wheel chairs and other mobility assist items.

Make things easier for your heirs when you pass away. As mentioned above there are studies that show that most adult children and heirs of the family estate do not share the same love and hold dear the family heirlooms as the parents did. Most heirs do not want all of the items parents have stored over the years. You want to leave heirs a lighter load by making a will and a trust and keeping them updated. Decluttering now protects your loved ones from inheriting the burden of a home full of stuff. By taking care of this prior to the passing of loved ones, it helps eliminate the family feud and lifelong bitterness between heirs over who got the best items in the inheritance.

Having an estate sale while you are still living gives your adult children or heirs to participate in the event and help you decide which items they may want and which items you should part with. This will make it easier when it comes time to divide personal affects. This also gives the family an opportunity to work together in deciding who gets what in the will instead of opting for a family feud after you are gone.

If you are an heir of aging parents and would like to have a free concultation with us in advance we will gladly meet with you and share our expertise about how to help your elderly parent part with things and prepare for an estate sale.

Contact the Orlando Estate Sale Ladies today.

Cleaning a Late Parent’s Home

, , , , , , ,

The process of moving past the loss of a loved one can never be easy. The turmoil of funerals, paperwork, assets, and liquidation can be very taxing. Sometimes, it can feel like the whole world is against you, especially when investors and banks start giving you time limits on when to have things done. One frustrating ordeal can be clearing out a home.

We’re taking this month to give you some helpful tips on getting through this process with a clear and open mind, rather than racing against the clock to put the loved one’s memory and belongings behind you. Join us as we recount some steps to take during this time:

  • Even though you want to quit, be thorough. You have absolutely no idea how many lost treasures lie in someone’s home. We see it every day. Make sure to do your research and inquire about unknown items. This whole time, they could have been sitting on a nest egg!
  • Locate the financial papers. Most often, people think in terms of “well, they’re not around anymore so none of this matters.” Unfortunately, any recently departed person’s debt or monetary troubles do not just disappear. The opposite is true, too. There are many accounts of acute and organized filing of papers leading to a financial gain for family members.
  • Family comes first. If you’re spearheading the process of liquidating an estate, get your family involved. Ask what sort of items they’d like, help in the moving process, and how they’d like to divide bipartisan items (something that belongs to more than one person).
  • Bring in a liquidator. Aside from a little self-promotion, we can’t stress this enough. Selling a whole estate can be VERY taxing, especially when you aren’t sure of the steps to take. A liquidator needs to be trusted, though. Have a conversation with them about the whole process before committing. You need to feel comfortable handing over your estate to someone who can get the job done, and done well.

 

With the Ladies, there are no upfront fees to the client. We receive a commission on the back end, so your only cost initially would be trash removal. The last thing you want is to spend a ton of money on a sale that doesn’t produce results. Always remember, big or small, the Ladies handle it all! Give us a call for any questions you may have, or to get your estate sale underway!

Join Our Mailing List