Estate Sales ContractEstate 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
Information taken from Estate Sale News at estatesalenews.com