The goods of the deceased or owned by people who are unable to care for themselves are made available in many ways to people who desire such items. One of those ways in which such goods are marketed is known as an “Estate Sale.” Every item within an “Estate Sale” is usually sold or given to the next of kin or to one or more charities or simply discarded. The accumulated wealth of every person is their Estate, which also includes Real property such as land and/or buildings.
Keep in mind that the Estate of a deceased or living person includes most, if not all, of that person’s personal property as well. Sometimes the entire home and the contents within that home are sold to a single buyer. Such a sale might or might not include a mode of transportation.
There are three types of Estate sales. In the case of a deceased owner the relatives of the deceased could offer for sale those items that they inherit but do not want to keep. Option two is that an attorney might be hired by the now deceased person prior to his or her death and that attorney now becomes the “Executor of the Estate” and it now is his or her responsibility to dispose of and/or distribute the property of the deceased in accordance with the “Last Will and Testament” of the deceased person. Lastly, the owner of the property in question is still alive and either hires someone to sell his or her property or he or she simply sells that property.
In any event, such “Estate Sales” are usually advertised by the “Executor of the Estate,” or one or more of the relatives of the deceased or an appointed “Estate Liquidator.” Such “Estate Sale” ads can be found within a newspaper or some such local publication.
Sometimes the property of the deceased will be sold at auction by the appointed “Estate Liquidator.” That person can also have an on-site sale of such property and those who attend can purchase what is available on a first come first serve basis.
The people who desire to purchase such Estate property usually contact every auction house within their area so that they can be alerted to future “Estate Sales” and/or auctions. The same is true for also contacting attorneys who can then alert such buyers when the occasion arises.
It is a well known fact that such sales do contain some quality items of value and those items can usually be purchased at a bargain price. Some of which could end up being resold within a charity shop, antique store, thrift store, pawn shop or some such retail outlet where used items are sold to the public. In other words, Estate property can be found in many places, not just at “Estate Sales.”
It is wise to enjoy what you have while you are alive because you cannot enjoy and/or use those things after you pass away; even if all that you have is put within the tomb within which will contain your mortal remains. It is also wise to determine who will receive the items that are included within your Estate before you pass away. You should also have some idea of the value of such items and maybe even sell some of those items that are not wanted by your family members or friends so that you may simply distribute the cash proceeds of the property that you once owned.
As you can see, there are many ways to distribute your property before or after you pass away. Create a “Last Will and Testament” or your property could easily end up in the hands of those who you do not know. In the meantime keep searching for items of value that might increase in value as time passes. You may soon discover that those items will earn more than your hard earned money will earn from an interest earning bank account.