what’s an estate sale

Best answer


An Estate Sale,also called a Tag Sale in some parts of the country,isa way of liquidating the belongings of a family or estate. These are usually much more than garage or yard sales. They are used when someone is in need of a way to sell items due to downsizing,moving,divorce,bankruptcy,or death.

People also ask


  • What does it mean when a house is sold estate?

  • Definition of Estate Sale An estate sale occurs when a homeowner dies or moves to an assisted-living facility. Those who inherit the home get the proceeds from the sale.

  • How do estate sales work?

  • There are several ways that Estate Sales are run. Items are marked with a selling price, and if you want an item you usually pick it up and carry it with you until you are ready to check out. If an item is too large to carry, you can have it Marked Sold. If you do not want to pay the marked price, some companies accept Bids.

  • What is an estate sale in Texas?

  • An estate sale occurs when a homeowner dies or moves to an assisted-living facility. Those who inherit the home get the proceeds from the sale. If the owner dies without bequeathing the home to someone or naming a person to sell it, the probate court appoints a relative or friend of the deceased to have what is called a probate sale.

  • How are items priced at an estate sale?

  • Estate sale pricing is conducted by the estate sale organizer, who prices most items based on their market value. This is how each item price tag is established. However, organizers can also do on-the-spot pricing for certain items. After the first day, organizers typically discount items to encourage buyers to snap up the bargains.

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