Estates & Downsizing
What Should You Do Before Calling an Auctioneer?
Less than you think. Here's what actually helps before the first call, and the well-intentioned mistakes that cost estates real money.
Alex Fletcher ·
By Alex Fletcher · Updated
Tag sale or online auction? An honest comparison of how each works, what each costs you in effort, and which situations favor which approach.
When a household needs to be emptied, two options come up most often: a traditional estate sale (the in-person tag sale) and an online auction. We run auctions, so you know where we stand. But each model genuinely fits different situations, and it's worth understanding the differences before you choose.
An estate sale prices every item in advance, opens the house to the public for a weekend, and sells to whoever shows up. Prices typically drop on the final day to move remaining items.
An online auction catalogs and photographs everything, runs bidding online for one to two weeks, and sells each lot to the highest bidder, with scheduled pickup days afterward.
At an estate sale, the company sets prices, and a mispriced item either sits or sells for less than it should. At auction, competing bidders set prices. Rare or unusual items are where this matters most: the estate-sale model caps their upside at the sticker price, while auction lets two determined collectors find the real number.
An estate sale sells to people willing to drive to the house that weekend. An online auction sells to anyone with an internet connection, which for specialty items (collections, equipment, antiques) is usually a much deeper buyer pool.
Estate sales invite the public through the home for a weekend. Some families are fine with that; for others, especially with a family home, it's a real emotional cost. Auction pickup days are shorter, scheduled and staffed, and only winning bidders attend.
Estate sales commonly leave 20–40% of items unsold, which the family still has to deal with. Online auctions, because bidding can start low, clear nearly everything. The goal is an empty house, not a picked-over one.
A well-run estate sale can happen slightly faster end to end. If the only priority is speed and the contents are ordinary household goods, that's a legitimate point in its favor.
An estate sale may fit when: the contents are mostly ordinary household goods, the timeline is extremely tight, and local foot traffic is strong.
An online auction tends to fit when: there are collections, tools, equipment or antiques in the mix; family is out of state; the house must end up empty; or you want prices set by competition rather than a sticker.
Plenty of households could go either way. The best move is to have someone look at what's actually there (the contents, the timeline, the family's constraints) and recommend accordingly. That's what a walkthrough is for, and a good auctioneer will tell you if your situation is the estate-sale kind.
A walkthrough answers more questions than any article. It’s free, there’s no obligation, and you’ll get an honest read on what your items can do at auction.
Estates & Downsizing
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