Contract Clarity

Estate Sales Contract

Estate Sales News wants you to have every available resource and here is a check list for an estate sale contract between you and the estate sale company.
The contract should lay out the following in clear language.

• Name of the estate sales company
• Your name (you’re hiring the liquidator)
• Date of the contract
• Address where the sale is to take place
• Dates the sale is to be held and time
• Party responsible for advertising costs
• Who is responsible and paying for permits (i.e. sign, sale etc.)
• Cost of the sale – commission, fee or both, make sure it is explicit
• How the net proceeds of the sale will be paid out, i.e cash or check.
• Payout for sale is end of each day or end of sale
• Any items to be excluded from sale
• Will you be charged if an item is removed from sale after contract signed
• Who is responsible for the clean out after the sale is concluded
• Does the liquidator provide a written account of items sold
• Any additional costs for specialists i.e. appraisers
• Is the company bonded and insured

All of these items should be covered in the contract for your protection and the estate sales company and to prevent misunderstandings during the liquidation process.

Information taken from Estate Sale News at estatesalenews.com