An estate sale is essentially a sale of someone’s possessions on a large scale. These sales typically include a high volume of items, including some high-ticket items. If you’re ready to sell an estate home and items in Kansas City, Cates Auction Real Estate Company can help.
What Is an Estate?
An estate consists of an individual’s home and assets. Everything an individual owns at the time of their death usually goes to the family. Selling deceased estate property typically requires legal paperwork and a trusted partner in the process.
The legal process of distributing the estate’s property and settling a relative’s debts is also known as probating. The process primarily depends on whether your loved one had a will.
A will allows an executor or representative to distribute an estate’s property to its heirs as well as pay off any debts. However, if your loved one has died without a will, the probate court will appoint an administrator for the estate.
If an individual passes away, does not have a will and does not have surviving children or a spouse, then their parents, siblings, grandchildren and other surviving relatives inherit the property in a specific order depending on state laws. Most states give children and spouses priority to inherit property. With an experienced local auction and real estate company, you can have confidence in a smooth selling process.
Important Information When Selling an Estate
The amount of time you have to wait after a loved one passes away to sell their estate differs from state to state. Some states have no limit, while others have a limit of one to three years. In Kansas and Missouri, the probate procedure should begin within six months of your loved one’s death in most cases.
You might choose to work with a local estate auction company to simplify the selling process. Our team can help you:
- Arrange the items you want to sell.
- Freshen up the real estate.
- Advertise your estate sale.
- Organize your selling area.
- Host your estate sale.
- Decide if you’re going to keep anything that doesn’t sell.
- Understand estate sale tax laws in your state.
In some cases, we can also help with clean out if real estate is attached to the sale.
How to Plan an Online Estate Sale
At Cates Auction & Realty Company, we understand that grieving a loved one takes time. As part of our commitment to a simplified estate sale, we help with the big and small details. You can leave the planning to us.
Here’s how we get started with an online estate sale:
- Make a list of all the items you want to sell.
- Research, organize and catalog your items.
- Write a description and photograph each item to share online.
How Cates Auction & Realty Company Can Help
Want to learn how to sell estate property or need to talk to a professional about selling deceased estate property?
Cates Auction & Realty Company is a Kansas City real estate company specializing in selling land, homes and commercial property. Contact us today to learn more about how we can help you sell an estate home and estate items for your loved one in Kansas City.