The Estate Sale
An estate sale or estate liquidation is a sale to dispose of a substantial portion of the materials owned by a person who is recently deceased or who must dispose of their personal property to facilitate a move.
Personal property sold is similar to a garage sale.
Homes that will be sold will be referred to our Real Estate Sales affiliate partner
Joplin Area Real Estate, LLC.
The home will be placed on the local MLS and will also show up on multiple websites such as Realtor.com, Zillow and more. This will require a listing agreement with a sales commission.
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Reasons for an estate sale
The most common reasons for an estate sale is the death of the property owner, and the consequent need to quickly liquidate the deceased's belongings for any number of reasons:
- The survivors/heirs may have no interest in the bulk of the personal belongings left by the deceased
- The survivors/heirs may simply lack space to keep the belongings
- The survivors/heirs cannot agree to the disposition of tangible property, and thus a court has ordered the goods to be sold, with the proceeds to be divided among the survivors (after payment of the estate's debts)
- The will of the deceased may have mandated a sale of assets, or the assets may have to be sold in order to pay all or part of the estate's debts
An estate sale may also occur because the property owner will be moving or has moved into a new residence where they will be unable to keep their property, such as an assisted living facility, a retirement community, a rest home, or the home of a family member, or in the event of divorce, foreclosure, or relocation.






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Procedure
Our Estate sales are usually conducted by a professional, for a percentage of the revenues. The liquidator may also charge the estate for the costs to give the sale, including advertising, marketing, research, labor, security, refreshments and other fees incurred in giving a successful sale.
Sign-up Sheet
A method to control entry to the sale is a sign-up sheet, which can be as simple as a blank piece of paper taped to the front door of the estate. On this paper, customers write their names on the sheet, and when the sale begins, customers are called in to enter the sale, starting with the first name on the sheet. Like street numbers, this is also open to abuse