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Estate Auction US

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The most common reason for an estate sale is the death of the property owner, and the consequent need to quickly liquidate the deceased's belongings. The survivors may have no interest in the bulk of the personal belongings left by the deceased, or may simply lack space to keep the belongings. In situations in which the survivors cannot agree to the disposition of tangible property, a court may order the goods to be sold in an estate sale with the proceeds to be divided among the survivors. Such a sale and division may also be mandated in the will of the deceased.

An estate sale may also occur because the property owner will be moving or has moved into a situation where he will be unable to keep his property—for example, a move to an assisted living facility, a retirement community, a rest home, or other living quarters.

Conduct

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. The presence of a professional liquidator may be necessary because the scope of the process is likely to be overwhelming to the survivors. The liquidator often has a loyal following, consisting of dealers, collectors and the general public. The liquidator may be familiar to buyers who have been attending the liquidator's sales for decades, and trust that the liquidator will price wisely and fairly and steer them toward finding their niches within each collector's realm, and for the specialist's knowledge and experience with pricing items, and general value knowledge of all types of household goods and personal property value, and the specialist's experience in disposing of unsold goods in an unsentimental manner after the sale. These professionals often take a percentage of the net proceeds, anywhere from 20% to 45%.

From Wikipedia under the GNU Free Documentation License
Wed Apr 18 20:42:30 2012

Noun

auction (plural auctions)

  1. A public event where goods or property are sold to the highest bidder.
Synonyms

From Wiktionary under the GNU Free Documentation License
Tue May 1 00:04:04 2012



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Auction - Estate & Real Estate in Greensburg PA Pittsburgh Erie

Thu, 30 Sep 2010 19:31:19 PDT

HUGE Two Day Estate Auction with Real Estate Friday & Saturday October 22 & 23, 2010 108 Green Lane Greensburg, PA 15601 Pittsburgh Erie ...

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Wed Apr 18 03:39:24 2012

The house I'm renting goes to auction in 3 weeks. Now landlord is doing a "Short Sale".Do I have to pay rent?
Q. My landlord has had 2 foreclosure notices taped to the front door. Now the house goes to auction in 3 weeks & he's trying to do a "short sale". He lives with his girlfriend & never comes to get his mail. Do I have to pay him rent next month even though I agreed to have a lockbox & show the place?
Asked by Lindsy D. - Fri Aug 28 19:21:05 2009 - Renting & Real Estate - 5 Answers - Comments
Have you ever seen "big sales" advertisements and the auction sale in the stores or on the road?
Q. Why are these stores published this ad? Why hold seasonal auction, anniversary and other activities? Have you noticed in the winter the supermarket will bring fresh milk sold together with other gifts, but summer is not? please give the reasons for these phenomenon and why?
Asked by Katherine - Mon Apr 19 00:44:20 2010 - Other - Advertising & Marketing - 1 Answers - Comments

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See also:
  • HostetterHostetter
    hostetterauctioneers.com
    Auction specialists since 1955 : Real estates, estates, business liquidations.
  • Central Mass Auctions IncCentral Mass Auctions Inc
    centralmassauctions.com
    Massachusetts estate and antique auctions based in Worcester and Boston and servicing Massachusetts and New England. Selling antiques, estate items and collectables. Quality consignments always accepted.
  • Chaddock, David D. AuctioneerChaddock, David D. Auctioneer
    californiasauctioneer.com
    Providing professional auction marketing services. Auction calendar.
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