Estate sales are the perfect opportunity to get rid of items that are no longer needed or wanted. Unlike having a simple garage sale, estate sales often involve specific situations that require a property to be completely liquidated. As a leading estate planning provider in Calgary, Angels Estate Consulting is here to inform you of the best times to have an estate sale. Read below to find out more, or contact us if you have any questions.
Times When an Estate Sale Is a Good Option
You Are Downsizing
If you or an elder in your life is planning to downsize their home, they likely need to get rid of an abundance of items that will not fit within the new property. An estate sale is a perfect option, as there are always people looking to buy items that will make great use for them. As the saying goes “one person's trash, is another person’s treasure.”
A Recent Divorce
A divorce can be one of the most difficult things people go through. Not only have you lost someone you once loved, but you are now both likely responsible for splitting the property you once owned as a couple. An estate sale can make things simple, as this rids the need to pick and choose which items go to who.
The Unfortunate Passing of A Loved One
The most common reason for estate sales is the unfortunate passing of someone. If a family member has recently passed, an estate sale can help you get rid of unwanted items for a profit. This money is often held in an estate account, where it is then decided who it will go to.
Moving Into Senior Living
Are you or a senior in your life moving into a care home? If so, you must get rid of your current household items, as they cannot be brought with you to the facility. Although you are likely to keep items with sentimental value, all other items can be sold for a profit.