The Difference between Estate and Garage Sales

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Household sales generally include the selling of household products. Most common types of household sales are estate sales and garage sales. Although both of these are household sales, they are different from each other.

Estate Sales: Estate sale, which is also known as estate liquidation, is a sale or auction of goods from an estate owned by a person who has died. These sales are usually conducted by the professionals also named as appraisers or auctioneers, who are contracted by the family or by the estate's executors. Sometimes these sales are granted by courts when people have disputed over the division of property. These professionals are responsible for everything starting from appraising the value of the property, cleaning the items, arranging and displaying the items, to pricing everything that will go into the sale.

Estate sale is a process in which:

  • A large portion of the owner's assets is to be liquidated in a professional manner

  • The causes for this kind of sale can vary from someone going out of the country, into a retirement home, or decease in the family. 

  • The prices of selling items tend to be litter higher in case a valuable property is being sold.

  • The various items that are generally included in this sale are: antiques, article of furniture, gadgets, collectibles, and many more.

  • Most of the estate sales last for one to three days as an all-day event.

 

Garage Sales: Garage sales are also known as yard sales, lawn sales, moving sales, tag sales and many more. It is generally an informal or irregularly scheduled event, which is organized for the sales of used goods. This kind of sale is usually performed by private individuals in which, the sellers are not required to bring business licenses or collect sales tax. This type of sale most often held in somebody's garage in the yard, lawn, basement, porch, or house. The things that are sold in this kind of sale are mostly the unwanted items from the household.

Garage or yard sale is a process in which:

  • The main purpose is to get rid of junk, unneeded, extra items out of house to free up space.

  • Buyers can found great bargains on the items displayed for selling

  • Inestimable and valuable items are rarely included in a garage sale

  • The items that are mostly included are utensils, coins, cookware, clothing, pieces of furniture, jewelry, baseball cards, toys, etc.

Both the estate sales and garage sales are a great way to get rid of unwanted possessions and making a little money as well. These days, online is an excellent source where one can easily find reasonable deals and knowledgeable sellers who are looking for yard sales and estates sales in Texas, yard sale in NYC or anywhere in the country.
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