![]() ![]() ![]() Organizing an estate sale takes planning and hard work. Simply put, an estate sale happens when someone needs the home’s assets to be sold or otherwise liquidated. Maybe the home’s inhabitants are moving because of health reasons, a job change, or a divorce. However, estate sales can take place for several other reasons. Often, the estate’s previous inhabitant passed away, and the family members who inherited the estate perform an estate liquidation on the property. This is why it’s sometimes called a tag sale.Įstate sales occur for several reasons. ![]() Otherwise, everything has a price tag with a marked price. If a realtor has put the house on the market, the new owners may want certain items, and they’ll list those things in the contract. Sometimes, the family may keep a few favorite pieces. So, what does “estate sale” mean? Quite literally, it means the sale of someone’s entire estate. It’s much more than a yard sale, as everything is marked with a price tag and is up for grabs. Here’s a simple estate sale definition: An estate sale, or a tag sale, is designed to dispose of your own or a loved one’s possessions in an orderly fashion. Most of the time, a professional estate sale organizer holds the sale on behalf of the family members. Estate sales usually take place over several days and are open to the general public. Estate sales typically occur after a death or other event that causes the inhabitants to quickly move away from the home. An estate sale is a method of selling all (or nearly all) of the contents of a home. ![]()
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