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Estate Sale

es·tate sale

Also called Estate Liquidation Sale

Short Definition

An organized sale of a decedent’s personal belongings, typically held in the home before or during the process of selling the real property itself. It is a different event from the sale of the house.

In a Sale

What This Means When the House Is Being Sold

The phrase causes real confusion because it names two different things families are usually doing around the same time, selling the furniture and belongings, and selling the house. An estate sale company handles the first. A real estate broker handles the second, and coordinating the timing between them matters, since a house is generally easier to show and to sell once it has been cleared.

Scheduling the personal property sale before listing, rather than after an offer is accepted, tends to produce a smoother process, since photography, showings, and inspections all go better in an empty or staged house than one still full of belongings.

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Not to Be Confused With

What Tells Them Apart

An estate sale is a public sale event where personal belongings are sold, usually to buyers who come through the home over a day or two. Occupancy addresses who, if anyone, is living in the house during the marketing period, which is a separate question from whether the belongings have been cleared. Vacant property insurance is what a house often needs once both are true and it sits empty.

Questions

Questions People Ask

Should an estate sale happen before or after the house is listed?

Generally before. A house shows and photographs better once it has been cleared of belongings, and an estate sale company can often complete the process within a week or two. Coordinating the two timelines with the real estate broker early tends to keep the overall process moving.

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