The Do's and Dont's of Estate Sale Shopping
Estate sales, also known as estate liquidations, offer a fun and lucrative way for business owners to acquire property at a fraction of its original cost. When a homeowner wants to liquidate all or most of their property, for instance, they may hold an estate sale. As with most liquidations, prices are generally much lower than the actual fair-market value, meaning you can turn these items for a decent profit. However, there are a few things you should know before attending an estate sale.
Do Go Early
As the adage goes, "the early bird gets the worm," holds true when speaking about estate sales. If you wait until the second or third day, there's a good chance that other buyers will have already scooped up the valuable items. Furthermore, some estate sales limit the number of buyers who can enter the property, giving tickets to buyers who are waiting in line first.
Do Bring Cash
While some estate sales may accept credit or debit card (or personal check), these are usually few and far between. To be on the safe side, it's recommended that you bring cash when attending an estate sale. Cash is universal, so you can rest assured knowing that every estate sale will accept it. So, leave your check book and plastic at home and bring cold hard cash instead.
Do Read the Rules
Before entering the home of an estate sale, familiarize yourself with the rules. Most professionally held and organized estate sales have a list of rules that shoppers must abide by. Failure to follow these rules could get you kicked out of the estate sale with nothing to show for it.
Don't Expect the Owner or Manager to Help Loading Items
It's not uncommon to find large items like antique furniture at estate sales. But if you're going to buy large items such as this, make sure you have a friend or family member to help you load it, because the owner or manager typically will not assist with loading. It's not because they are lazy, rather they are busy doing other things like monitoring buyers and keeping the property or home clean.
Don't Bring Large Bags
Why shouldn't you bring large bags to an estate sale? Simply put, most estate sales prohibit shoppers from bringing large handbags, backpacks or other containers into the home. This is a security measure to help prevent theft, as buyers could otherwise stuff belongings into their bags.