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.

Next: Read 2500+ consumer guides to shopping, electronics, appliances, home services, cars, money and more.

❤ If you liked all this, consider supporting us by checking out Tiny Skills - 250+ Top Work & Personal Skills Made Easy