Estate sales are a popular choice for homeowners and beneficiaries to liquidate assets and prepare a home for sale. Estate sales involve selling all or most of the items belonging to an estate at a price point that reflects their current market value. These items are sold directly from the home, which is opened to the public for a set period of time.
When should you consider holding an estate sale and what will that process involve? Read on to find out.
Why Hold an Estate Sale?
In some cases, estate sales are a legal requirement decided upon in probate court. This may occur when:
- The property owner passes away without having named an heir to their estate.
- The property owner’s heirs can’t come to an agreement on how to