Tips for Liquidating an Estate
On February 25, 2026 By newsroom Topic: Home Services
Liquidating an estate can be emotionally and logistically challenging. Here's a guide to help you navigate the process efficiently while honoring your loved one's memory.
1. Appraise Valuables
- Hire an estate appraiser to determine the value of antiques, artwork, or rare items.
- Cost: $150–$350 per hour.
- Avoid discarding items before they’re appraised, as hidden treasures may have significant value.
2. Hold an Estate Sale
- Work with an estate sale agent to price, organize, and sell items.
- Agents can also handle clean-up and generate interest in the sale.
- Agents typically take a portion of the sale proceeds as their fee.
3. Auction Off Items
- Use auction houses for mid-value items.
- Absolute auctions sell to the highest bidder, while reserve auctions require a minimum price.
- Fees: 10%–30%, plus potential pickup and advertising costs.
- Alternative: Online auction platforms like eBay for smaller-scale sales.
4. Sell at a Consignment Store
- Stores display items and keep 40%–50% of the sale price.
- Any unsold items can often be donated directly to charities.
5. Use Online Resale Platforms
- Sell individual items on Craigslist, Facebook Marketplace, or OfferUp.
- Be prepared to negotiate and coordinate meetings or shipping with buyers.
6. Hold a Garage Sale
- A traditional way to sell items locally.
- Tips for success:
- Advertise with flyers, social media, or local newspapers.
- Organize items neatly to create a positive shopping experience.
7. Donate What You Can’t Sell
- Donate unsold items to local charities for a tax-deductible receipt.
- Some charities or mechanics may accept vehicles for parts or resale.
8. Sell the Property
- After clearing the home, address repairs to make it market-ready.
- Hire a real estate agent, home inspector, and home stager to maximize the sale price.
- Ensure you adhere to any legal instructions in the deceased's will.
9. Understand Estate Taxes
- Estates under $12.06 million are exempt from federal taxes.
- If selling the home, capital gains tax may apply if the sale price exceeds the original purchase price.
- Consult a tax professional to navigate deductions and liabilities.
10. Detach Emotionally
- Set aside sentimental items before starting the liquidation process.
- Remember that the goal is to find new homes for the belongings, while preserving memories of your loved one.
Pro Tip: Break the process into manageable steps and seek professional help when needed. This ensures a smoother experience while giving you time to focus on what truly matters.
