An estate sale is usually held as a result of a family wanting to sell a whole household of goods off. The sales are run either by professionals or by family members. Estate sales are usually held in a home that is on the market or where escrow is in the process of closing. These sales are a terrific way to buy a wide variety of antiques and collectibles, from pottery to linens to furniture.
How can I find estate sales?
Most estate sales are listed in a separate category in your local newspaper. Sometimes, however, they will be listed under regular garage sales. To find these listings, do a keyword search with "estate." Listings, if there, should pop up. Estate sales may also be listed in your local newspaper mixed in with garage sales.
When are estate sales held?
There are no hard and fast rules. Typically, they last two days, Friday and Saturday. However, I have seen Thursday and Friday sales and Thursday through Sunday sales. It just depends on who is managing it.
Why are estate sales held on weekdays?
Estate sales are held on weekdays to give dealers the opportunity to take a look at antiques and collectibles first.
What will I find at an estate sale?
Anything and everything. Each sale is different. Some have high-quality antiques and collectibles, while others do not. Most of the advertisements in newspapers will give you a feel for what to expect.
Do I have to pay taxes?
This varies from sale to sale. Some professionals charge sales tax; others just include it in the selling price of the merchandise.
How can I get a discount off the listed price?
You may or may not be able to get a discount. Some operators start offering progressive discounts as the sale goes on. Some will offer 50% off on the afternoon of the final day of the sale. Some are open to offers. Some hold the price throughout the sale. Check with the people who are managing the sale.
Can I find out in advance about estate sales?
Sometimes companies that hold estate sales have an e-mail sign-up list so that they can notify you of upcoming shows in advance.
Are the prices always good at estate sales?
What is "good?" A dealer is going to want at least 50% off of list price unless he or she has a customer that will buy right away. You may think that 25% off of list is terrific. Remember, as in any other type of business that sells antiques and collectibles, the people who are conducting the sale may not know everything about every little piece that they are trying to move. You may end up with some really terrific deals!
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