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Estate sales are a thing in Dubai?
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Hi everyone! Are estate sales like in US (people that are selling their property or moving away sell everything in it, kinda of a big yard sale) a thing in dubai or not?
Top Comment: Nope, no garage sale here and not the same as the US. Once you post an ad, many people will bombard you for 1/10 of the price asked or they want you to give it for free so they can resell ok dubizzle and make a quick buck.
How do estate sales work?
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I’ve been wanting to check out estate sales but a little intimidated because have no clue how they work.
Are they basically like garage sales where you like something you pay for it and go or do you have to bid on items?
Thanks in advance!
Top Comment: Estate sales are like garage sales but better. They're more indoors, so air conditioned/ heated, multiple rooms of stuff, lots of great deals, and many times they take credit cards.
How do y'all feel about estate sales?
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I am sort of new. I flipped a few things a few years ago and I am not sure why I stopped. Anyway I am back and I am wondering what other flippers feel about estate sales. I am thinking about going to a few this weekend, but if I remember right, some people said that the competition is high so its difficult to find things, and even if you do the price they have it at makes it not worth it. Thoughts? Tips and tricks? Have you all been successful at estate sales? If so, what do you look for?
Top Comment: Go on the last hour of the last day. Chances are they'll be very amenable to negotiation or even have a box or bag sale where you can buy a bunch of stuff very cheaply. And if they don't, oh well. 🤷 Have fun hauling it all off to the dump.
Is doing an Estate sale worth it?
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Is doing an Estate sale worth it? I am helping clear out several rooms and sheds of a home. A person living there passed and they had many hobbies. I am trying to decide if an Estate sale company is the way to go or if I should try to sell stuff myself on Marketplace or something else. For example some of the items would be very large RC planes and accessories. 3D printers and all accessories for making figure such as 100 of paints, brushes, resins, detailing tool etc. All kinds of woodworking tools and general tool. Electric bikes. Drones. Airbrushing tools. Computers, computer parts. And it goes on. I know it would be a lot of work selling on my own but I want to help the family get as much money as possible. Thanks for any opinions.
Top Comment: I would sell the most major items on Marketplace, take lots of pictures, give details.. then after selling that have some weekend estate sales..
What is a GREAT online resource for finding estate sales and auctions in your area?
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I subscribe to estatesales.net. The site can notify you of local sales in your area. Dealers post sales on this site all over the world. Great site for finding estate sales and stuff for sale! 👍🏻👍🏻
Top Comment: I like the app. It is really easy to scroll. It is easy to navigate too. even though I like to see the images, I prefer to see descriptions because that is faster in identifying main categories of items they might be offering. Unfortunately, many do not do great descriptions.And once in the description it they are bulleted, it is super easy to scroll up/down
Just went to my first estate sale and my life has been changed. : r/Frugal
Main Post: Just went to my first estate sale and my life has been changed. : r/Frugal
Estate Sales suck these days. Especially the ones ran by outside services.
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Estate sales these days are coffee cups and keychains that say Capricorn on them. The estate liquidation company running the sale, alonh with the family members, have "eBay'd" every morsel before you ever get there.
Top Comment: Ahhhh an estate sale, where I can find a $3 measuring tape for $6 bucks.
Estate sales! Addiction?
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Have you ever walked into that musty smelling house with wallpaper from the 70’s, and a carpet colored an odd burgundy and wondered what treasures you could find?
I’ve recently started working with my mom doing estate sales and house clean outs and boy oh boy what a blast I’ve been having! Now i don’t know if it’s because thrifting and being thrifty is in my blood (dating back to my great grandparents) but I love it! The pure joy finding little trinkets, treasure and sometimes new furniture brings me is unmatched!
The buying and selling game is not a new thing by any means but I feel like I was made for it. I love haggling and from the estate sales with my mom I feel accomplished selling something. Now I know I won’t be retiring tomorrow but the joy of seeing people find that little thing they’re looking for is beyond comparison. Whether it’s a piece of jewelry or an old fishing pole.
Top Comment: I just found this Reddit because my question was kicked off another thread. Anyway my mother in laws house matches this description fairly well. She has generations of stuff and collectibles, musical instruments, ham radio gear, homemade quilts, 1950’s and 60’s formalwear, that I know has some value. But it’s an overwhelming project for me to handle. Advice? The home is near muscle shoals Alabama. I don’t think I want to hire a clean out company (yet), but would love to find an individual or two to dive in and help sell some of the more valuable objects for a share.
I'm launching an estate sale company! For the professionals out there, what sort of advice do you have?
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I'm ready to work hard, but is there anything you wish you could have known sooner?
Top Comment: We started ours after seeing all the theft and dishonesty working for a different company. We charge 40% commission. We are flexible on that depending on labor and location at times. We do not charge any other fees unless it’s a short notice sale, a dumpster is required or if we decide to feature their sale, This is not done without approval from the client and it comes out of the proceeds of the sale. We provide our clients with a breakdown at the end of the sale that shows an itemized list of everything that sold that was priced higher than a certain dollar amount, the total for each day, total of all days and then a break down of the fees and what is owed to them. Per my contract, they will have a cashiers check within 3 business days to ensure all monies all have been deposited. Auctions are 10-14 business days. Commission on online auctions are also different. We do not offer buy outs at the end, unless absolutely necessary. . We offer auctions so that we can get them the most money possible, not always worth it but clears the house without having to haul things, Donate or they can deal with it. We also give them consignment company information if there are any pieces left that would do better there. We always have the family come through to make sure there isn’t anything they may want to keep since it didn’t sell before auctioning or donating items. We set our check out table up facing the door so we can monitor in and out traffic. We padlock gates so no one can take things out that way unless we allow access, same with garage. We also keep all of the smaller, easy to pocket items in the same room as we are. We generally have people walking the sale, making conversation, tidying, keeping an eye out, Our sales usually run 3 days - full, 20% and 50%. Some sales we run 4 days and that day would be 65%. We make deals after the 1st days. Ultimately your goal is to get your client the most money as you can, but your job is also to clear the house. Pricing can be tricky, especially depending on the market you are in. You have to know everything about everything, you can’t. You have to make connections with people who know the things you don’t. I know glass and generally furniture: I have a guy for my jewelry. I have guy for clocks. Etc. Every day and every sale is a learning experience. Bulk pricing is your friend. Use it for what you can so you can focus on the higher end items that you may need to research. Time is money. Don’t waste your time on your $5 items when you need to focus on making sure you higher priced items are staged and priced correctly. Bid jars are nice to have. Signage to get to your sale is important. Always remember, word of mouth is the best advertising so how you to treat your client and your customers matter.
What do estate sale companies deem as worth their time?
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We're selling our 55-year family home, and have lots of stuff leftover from the sibs and grandkids picking out the things special to them.
I was planning on trying to do an "indoor yard sale" myself and recruiting a bunch of friends (three sibs live out of state and the two here are just swamped with other stuff), but after doing a lot of research found that doing it right is a helluva lotta work.
I have some calls into estate sale companies and am waiting for callbacks. What I'm wondering now, though, is if will seem worth it to them to take my case?
Some things to know:
- All sale items are already just on the first floor and semi-arranged by category. Only about 5-7 furniture items remain upstairs and are in a single room. So, no heavy monitoring except for the first floor.
- The house is in a high-ish end neighborhood, but I'd say on a scale from 1-10, the average value of all sale items, fancy and cheap, would be about a 6. We've already tossed the total junk, so we don't have garbage, but we also don't have big-time antiques (though some items probably do qualify as antiques). It's more useful items (tons of kitchen stuff), wall hangings (no "big deal" paintings, but nice pieces), empty frames, decorative items (most not super valuable but not plastic -- ceramic and porcelain, mostly), costume but nice jewelry, art and jewelry-making supplies, some office chairs, filing cabinets, small tables, an exercise bike, etc...
- I made a spreadsheet of roughly all the inventory, or at least ballpark amounts of stuff in certain categories. When I SUPER LOWBALL everything, calculating that if we sell half at the lowest conceivable prices, it would be around $1500. That's the lowest reasonable estimate possible, arrived at after reading about how people tend to overestimate what their stuff is worth and how much of it will sell.
So before the people call me back, I'm wondering if they'll even think it's worth it? Surely they'll need a few people to organize and then be present the sale days. But then I think, well, it's only one floor and already loosely categorized, so maybe less work for them?
What do you think? Will $1500-2000 be enough to make things worth it? I live in a jumbo city, if that matters.
Looking forward to hearing about other people's experiences.
EDIT: I know that the average cut for the companies is anywhere from 35%-50%. It would be worth it for us, but would it be worth it for them?
Top Comment: I worked for an estate sale company for 7 years. A good sale is stuff from all categories. Not just furniture, not just clothes, not just kitchenware, etc. The more stuff the better the sale. It isn't good to group them by category because then you're less likely to get more sales. If someone comes for a chair, you don't want it to be surrounded by all the other chairs; have it set up nice so different things draw their attention. ETA I ran the sale (independent of our company) for my grandma's house after she died. My coworker (badass salesman) helped along with my husband and my parents. We didn't price much and over 3 days with an everything must go idgaf attitude we made about $10k. There's definitely gonna be more there than you realize. You could potentially just hire a clean out crew that will take everything for a fee too. Second edit: costume jewelry and crafting supplies are always big draws for secondhand shoppers