An estate liquidation is similar to an estate sale in that the main concern or goal is to liquidate the estate (home, garage, sheds and yard) with an estate sale organization while also often adding the contents of a safe deposit box or more, family heirlooms too valuable to be left within the constraints of the family home, real estate, cars, boats, and other transportation including but not limited to motor homes and RVs, animals, livestock and whatever other assets the estate may encompass.
While it is necessary in most states that a realtor be present to write up the documents for the sale of real land, most other items do not require any other license or permit other than the local licenses needed to run a business in that city, county or state where the liquidation is taking place. Oftentimes the family will retain a lawyer to oversee the process of liquidation and to keep the system straight on legalities of stocks and bonds being traded, investments liquidated and any real property changing hands legally.
Estate liquidations happen mostly like estate sales, with the liquidators making the home and items to be sold ready for a public sale. Most liquidators will charge a commission of a percentage of the net profit.
Read more about Estate Liquidation: Differences From Estate Sales
Famous quotes containing the word estate:
“Never let the estate decrease in your hands. It is only by such resolutions as that that English noblemen and English gentlemen can preserve their country. I cannot bear to see property changing hands.”
—Anthony Trollope (1815–1882)