It's never easy splitting funds with anyone much less someone you don't know. But, just like you, we would like to have a paycheck for the work we do. And believe me, we earn our checks! remember the things we sell for you are things you did not want, have room for, need or must split with other people. Our job is never easy. Trying to find the balance of selling as high as we can to make you the most money and trying to sell at a fair market price so that people will buy your things. I'm sure you don't want to be stuck with these things or to give away to donations. That's why you were having the sale in the first place. To help eliminate these things.
Our fees are based on many factors, employees, outside sources, insurance, licenses, advertisements, and supplies. For example, let us say you have a $10,000.00 sale. $7,000.00 of it is for contents of your home and $3,000.00 was for an old car you had in the garage.
For the contents of the home, we would get 40% and the car we would get 25%
Home - $7,000.00 X 40% = $2,800.00 Car - $3,000.00 X 25% = $750.00 Total - $10,000.00 $ 3,550.00 so, out of the $10,000.00 we would get $3,550.00 and you would get $6,450.00.
Now when you look at it you might think "I'm giving them to much!" so now let's break down the cost of having the sale for you.
Depending on the home it can take 2 to 3 weeks to prepare for the sale. In this case, we will say that the home is not in a ram sack condition and it takes us 2 weeks. During this time we would have 3 employees working. cleaning, staging, taking pictures and researching items. Also, since we do pre-sell furniture and higher end items we would be selling to the public.
Then we have our supply cost. Our company uses many tables, tags, display cases, cleaning supplies and during the sale, we offer your customers very nice bags for their purchases. All these things must be replenished and upkeeps.
Now one of the most important things would be advertisements cost. If the people do not know about the sale what good would it be to have one. We advertise with estatesales.net, estatesale.com, estatesales.org, and other garage and yard sale places online, newspaper, google adds, we design you very nice banner or video ads, social media ads, email ads. All of this cost money. Our ads per sale can run anywhere from $300.00 to $800.00 ( depending on click ads )
Now say you have a car that you want us to sell for you. We will have someone to come and look at the car to make sure it is in good running order. This will determine the asking price. If by chance there is something minor wrong with it, then we have it fixed, so that we can sell it for more.
Running an estate sale can be a lot of hard work and a little costly, but in order to have a good estate sale, you have to put the work and funds into it and hope that everything pays off in the end. Now as you can see your fee of 40% covers a lot!