Estate sale is a liquidation of an asset. Most common reason for an estate sale would be a sale of the real property owned by the decedent.
After an owner of real estate has died, their estate must be probated so the real estate can be sold. The proceeds from the sale (after expenses) can be distributed to the heirs in the estate.
An estate sale may also occur because the property owner will be moving or has moved into a situation where he will be unable to keep his property—for example, a move to an assisted living facility, a retirement community, a rest home, or other living quarters.
An estate sale may also take place because of divorce, foreclosure, and relocation. In many regions hit hard by the foreclosure crisis, property owners are electing to liquidate their possessions. Often these individuals are forced to move to an apartment and or family member's residence.
It is generally managed by a Liquidator or a professional who manage all the activities necessary to the sale of the asset.
Real estate sales are made by several steps, namely:1 - good marketing new real estate of all kinds so customers can see it and see it in a good way and watch the details and contents and locations2 - offers reasonable prices for these properties3 - Agreement with customers on payment method and existing features and delivery dates and details4 - Follow-up to the customers by the company received complaints and proposals.
