What is the Modern Estate Sale Process?

When it comes to your average estate sale, there are some changes that have been made over the years as far as how they are conducted. The modern estate sale process might look a little different than your traditional estate sale event.

With traditional estate sale, people buying at seller’s home.

A traditional estate sale is often going to be held right onsite for the location and will be showcasing the contents of the home that is having the estate sale. Many different buyers would come to the venue and look at the contents available, walking around the home and seeing what is there.

In the past, Estate Sales were a constant stress and heartache for the executors of loved ones’ estates. Having to dispose of a lifetime’s worth of belongings, usually on a tight timeline on account of the sale of the home, often led to disorganized attempts to sell the majority of the personal goods. Estate sales were frequently regarded as disorganized, not profitable, and not transparent, with crowds of people stomping through homes, determining if there was anything they felt like bidding on. 

This old concept led to dissatisfied sellers, low sell-through-rates, and low profits. Everyone seemed to have a market for their sterling silver, car, or original oil painting, but no one had a solution for the cleaning supplies, the Tupperware, or the couch that had been in the basement for 25 years. The traditional mindset was to believe that the easiest way to get rid of these items was to hire a junk removal company, and pay thousands of dollars for their services.

Things are much different today, with virtual online auction events happening that have turned modern estate sale opportunities into something much more fun and convenient.

With modern estate sale, People buying estate at home over internet

If you love an online auction but have not yet experienced a modern estate sale then you might truly find great value in taking part in one. Today, modern estate sale events can be held through online auction with the help of technology and give people all over the world a chance to bid on the contents of the home. This is much different from a traditional estate sale where you would need to have someone present there for you, someone who was making the bid in person for what you wanted to purchase.

  • The New Looks Much Different
  • – Faster
  • – Bigger
  • – More Convenient
  • – New Payment Methods
  • – More Protection For Estate Assets

Modern estate sale events are becoming more frequent and technology helps to bring them online today. This is how we now have modern estate sale events with online auction opportunities that bring in people from all over, turning traditional estate sale events right on their head. With a traditional estate sale you also might not even be able to sell every item that is in the home and what do you do with the leftovers? That can be a tricky problem to deal with sometimes.

Get It All Done Faster

Things can move quicker, involve more people, be more cost effective at the end of the day, and protect the property as well from being trampled on by many visitors coming to the home and poking around. This is what a modern estate sale is going to look like today and it is very different from a more traditional estate sale that you might be familiar with. It is a great way to liquidating the belongings fast.

With a modern estate sale you are going to have cataloging of the items. You can have a designated pickup time where people can conveniently have the items picked up or delivered. This makes everything much more smooth and convenient. The traditional estate sale has been changed for the better and has been greatly improved.

Overall, the average modern estate sale can be held and finished within a matter of weeks. That makes everything much easier to put together and gives you a quick solution to getting rid of items that you might not want any longer. When the event is over and the auction finally closes then you will traditionally receive a detailed and full report from the auction. You will be able to see how well each item did and what the overall outcome was.

It is easy today to take great photographs or videos of the items that might be for sale and to put them online to be sold in an online auction. This opens up the door to getting more money for the items and for more people to be involved with the auction process in general. There might be a much smaller limit to people coming and visiting the house to see potential items for sale, than there would be for them to see what is available online to buy.

Modern Estate Sale Convenience
When you want to hold an estate sale then the best way to do it is by holding a modern estate sale with everything done online. This can be an incredibly convenient way to get things done and can help to move the inventory in the fastest amount of time. Everything is convenient for all parties, right from beginning to pick-up. It makes it possible for people around the world to either come pick up items or have them shipped, depending on what the item is. Back in the days of more traditional estate sales, you might only have a few community members show up and not much interest from out of town. That is because it would be difficult for many people to hear about the event. But technology today makes it easy to hold and hear about estate sales.

Getting the world out about an estate sale can be done easily online and it can also be possible to connect hundreds or thousands of people together online for one event, for a modern estate sale to move a few items that are no longer wanted. There might be more modern payment methods that are accepted for modern estate sales as well, than you might see with traditional estate sales. For example, some modern estate sales might start to accept cryptocurrency for a payment method, depending on where you are making the purchase and who you are making it with. But increasingly we see that cryptocurrency is becoming a viable payment method and this means that eventually cryptocurrency will make its way into the modern estate sale world.

It is always best to find some expert help when you are looking to hold your own real estate sale, because it is easier to navigate the waters that way and get everything done that you need to. Luckily, there are people out there providing services that can help you to put everything together and take care of everything that is involved with the modern estate sale from start to finish. You don’t have to tackle everything all on your own and technology really does help to make it very easy today to hold a modern estate sale when you need to.

We now know there is a BETTER, MORE PROFITABLE, and FASTER solution, thanks to the technologies nowadays.

DownsizeSale Auctioneers Inc is the only modern estate sale company in western Canada, offering the ability to bring it online with an online auction if you want that convenience. With the online auction that is a part of the modern estate sale you are going to get much more convenience. Using online auctions, DownsizeSale can SELL EVERYTHING, from the car in the driveway to the dishes in the sink, in two weeks.

DownsizeSale Online Estate Auctions remove all the stress from the executors of the estate. Their local teams are responsible for the photography, cataloging, measuring, and describing of items. After that, the auction goes live on their online estate auction website for approximately two weeks, where DownsizeSale is responsible for the marketing of the auction, as well as the final collection of payments. Upon the online auction closing, the DownsizeSale local team will return to the home to supervise the collection of the items by the successful bidders over a 3-4 hour pickup period. 

By Robin Liu – April 9/2020
Robin Liu is the founder of DownsizeSale.com, the first modern estate auction company in Western Canada. 

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