Plano, TX Estate Sales around 75093 (2024)

FAQs

Do you negotiate at estate sales? ›

Haggling or negotiating is a common and expected practice at estate sales. It's completely normal to try to get the best deal possible, and the seller is likely expecting it.

While “estate sale” might sound like a phrase used in high society, it's simply a large, organized sale of someone's possessions, typically held after they've passed away or moved. Unlike your typical garage or yard sale, an estate sale is far more extensive, often covering the entire contents of a household.

Social Media. Setting up social media networks on Twitter, Facebook, Instagram, and Snapchat in order to build your online presence is another good way to build a following. Since a lot of the fun of estate sales is getting to window-shop and browse, you can really show off finds using photos and video on social media!

What Percentage Do Estate Sales Take? Estate sale companies generally charge a standard commission rate between 30 to 40 percent of sales. Before they agree to take on a client, they'll typically provide a gross sales minimum. This means that the total value of all the items to be sold must meet or exceed that value.

Hold Your Estate Sale on a Weekend Day.

And never hold an estate sale on Christmas or Thanksgiving, no matter what day of the week they happen to fall on.

Evaluating Condition And Rarity

Condition and rarity greatly impact the value of estate sale treasures. Whether it's a vintage painting, a piece of antique jewelry, or a mid-century furniture set, the better the condition, the higher the value.

Most home sellers will get the best results if they set their asking price within 5% of what target buyers would consider to be the fair market value of the property.

The state of Texas does not have an estate tax, however residents may still be subject to federal estate tax laws. If you live in Texas and are thinking about estate planning, this guide will walk you through what you need to know.

How long does an executor have to sell a house in Texas? ›

The executor has until the end of probate to sell the house — which could be a couple of months or even a year, depending on whether or not beneficiaries are contesting the will.

Go through each room of the home and methodically inventory your items. We recommend including items that you don't plan to sell, as you'll still want to keep a record of what you decided to donate or give away. Be sure to note down the condition of each item, as it will help you determine prices later.

Choose your advertising channels

Social media platforms like Facebook, Instagram, and Twitter are great ways to reach a large audience and create buzz about your event. Additionally, classified websites like Craigslist and local event calendars can also be effective for reaching potential buyers.

When it comes to days of the week, Thursday is the sweet spot for listing your home for sale. This is mainly because house-hunters tend to plan their in-person home tours for the weekend, when they're not at work, and pre-weekend listings are fresh in their minds.

When you are discussing fees, be firm, be open to discussion, and be polite. Ask your estate agent exactly what you get for those fees and stand your ground if you think the fees are too high. It's worth thinking about it like this – the fee structure is there as a first point for discussion.

The major benefit of a counter-offer for buyers is the potential to secure the home for less money and on better terms. However, if you really want the house, it's not a great idea to go back and forth too many times with counter-offers.

Treat your commission split like any other expense, how much are you willing to pay, and what are you getting in return for that amount of money? If you have a 50/50 split but also have large office fees and monthly dues, then you may want to re-negotiate for better terms or to find a different brokerage to work under.