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How to Liquidate an Estate

How to Liquidate an Estate

Let’s cut to the chase. How to liquidate an estate successfully and stress-free is by working with an estate liquidation company. Selling an estate property is an entirely different process than selling a house.

Disposing of a home or business estate and liquidating assets can be a time-consuming responsibility. Why not let professionals do it for you? Atlanta’s premier estate sale company, Maple Street Estates, explains all the details of the estate liquidation process.

Liquidating Estate Assets

  1. Review any wills and/or duties of an executor to lawfully liquidate assets.

Family members who become the executors of an estate often times have a lot of work ahead of them. Estate executors legally are required to manage the estate planning such as divvying assets, but cannot sell the property themselves.

Any property or items specifically bequeathed to certain loved ones need to be handled first. Likewise, estate owners going through a divorce need to handle personal finance and settlement of personal property first. Remember, real estate agents and estate liquidators are not attorneys.

It is a good idea to keep a separate bank account for the estate liquidation if you are an executor. Also, document any completed sale or services. Keep all important transfer of titles and receipts in one folder. Working with a licensed and reputable estate sale company is key. Nevertheless, make sure you keep all final documents and receipts having to do with the estate. Always take steps to protect yourself as an executor or as the owner.

  1. Get a free consultation from a credible and licensed estate sales company.

A comprehensive review of your property and any contents you do not want will be analyzed. At an initial consultation, estate liquidators can answer any questions you have regarding the staging and selling of your home. Belongings you wish to get rid of or sell will be looked at.

Estate Sale Experts in Atlanta

  1. Find out what your belongings are worth.

Do you know the value of your belongings you wish to get rid of? How to liquidate an estate properly starts with not throwing anything in the trash unless it is appraised by a professional. Knowing the monetary value of your belongings will allow you to reap the highest profits.

Whether you are an executor, or selling your own personal estate, you cannot rely simply on your judgement to determine the worth of valuables such as antiques, vintage goods, or collectibles. This can be done with the help of estate liquidators who are also licensed auctioneers with experience in the antique industry.

  1. Market and advertise your estate sale.

There is a monumental difference between a handmade sign for a yard sale and marketing and advertising for an estate sale or auction. Estate sale companies are in charge of this. Attention-grabbing signs and other advertisements are posted all over the neighborhood and surrounding areas so the public is aware of the sale. Most importantly, estate liquidators have loyal wholesale buyers and customers who are notified first through social media, sales listings, and website subscriptions.

  1. Have an estate sale or auction to get rid of items you do not want.

This is the most exciting and fun part on how to liquidate an estate the right way. Security, parking, customer traffic, questions about items, payments, and delivery are all completely handled by an estate sale. Think patience, organizational skills, charisma, hospitality, industry knowledge, and muscle power.

Estate Sales in Atlanta, GA

Without a doubt, understanding how to liquidate an estate and doing it properly cannot be completed alone. They have experts for this. Contact Maple Street Estates to get started on your free estate consultation.

For leading estate liquidation services in and around the Atlanta area, Maple Street Estates is leading the pack. With a dedicated and skilled team, paired with experienced liquidators, Maple Street Estates can handle any sized property in the state of Georgia.