How to Choose Between Estate Sales & Auctions

Home » Blog » How to Choose Between Estate Sales & Auctions

How to Choose Between Estate Sales & Auctions

When the time comes when you need to dispose of large amount of furniture and goods, you will have two main options to choose from in Orlando: estate sales or estate auctions. Every sale is different, and it heavily depends on the circumstances to dictate which option is best for you.

Estate Sales vs. Estate Auctions:

  • Location: One of the first things to consider when you are thinking of selling large amount of furniture should be where you would like to conduct the sale. An estate sale will be hosted in your home where interested buyer will be allowed to freely walk around your home. The auction will take place at separate location, once your belongings have been transferred there. Either way, a team of professionals will handle the sales for you.
  • Estimated price: When you are separating yourself from valued items we understand you are trying to get the most out of the sales. An estate sale will estimate your goods and sell at a set price. However, at an auction, you will have a starting point and the buyers will bid on each item. This competition results in items selling for higher price points.
  • Percentage: Whatever option you pick, remember that your liquidator will ask you for a percentage of the sale. With that in mind, we advise doing the math and think of what may be better for you after the charges are collected. A professional liquidation company should be able to give you an estimate of the commission.
  • Accidents: We’re not saying that it happens a lot, or that it will happen to you, but before you decide on anything, you should look into the kind of responsibilities you will have during an estate sale. If someone trips or fall in your Orlando home, will you or your liquidator be at fault? Hosting a sale on your property may bring you more than you want to handle.

At Orlando Estate Auction, we believe that auctions will serve you better, but the final call is always yours to make. If you have any questions concerning our services feel free to give us a call at (407) 290-1000 to speak with one of our professionals today.

By | 2017-04-17T12:15:23+00:00 August 20th, 2014|Categories: Estate Auctions|Tags: , , , |