Find Your Home!

Monday, February 04, 2013

What is an estate sale? Buyers and sellers view them differently!

When many people see an “estate sale” sign posted they think bargain - not just another garage sale!  I think the same thinking occurs when home buyers see an MLS listing that includes the magical words "Estate Sale."

But bargains may or may not be on the agenda at these sales.

First of all the context of the "estate sale" could be anything from an owner relocating to an assisted living facility, a recent death or even the owner is just simply moving.

Depending on the circumstances an estate sale can bring out a lot of emotion on those involved with the selling.  

It may be in the form of an emotional attachment (memories) that makes the offer price too high for the market.  It may even be in the form of greed by one of the survivors. (It happens!)

On the buyer side it may very well bring out almost predatory attitude in some buyers who thinks it’s a desperation liquidation sale.

A normal real estate transaction is an emotional roller coaster anyway.  If it is an estate sale – expect a bit more!

If you are considering down sizing or recently experienced an event where an estate sale is necessary call me if I can help in any way.

If you live out of the area I would be happy to provide a free market analysis.

Gary L. Waters PLLC, Florida licensed real estate agent, Serving Brevard Realty, Merritt Island, Florida serving Florida's Space Coast including the cities and communities of Melbourne, Viera, Rockledge, Suntree, Merritt Island, Cocoa Beach and the surrounding region.

Follow by Email