Estate Sales in Dayton, OH (2024)

FAQs

What do most estate sale companies charge? ›

What Percentage Do Estate Sales Take? Estate sale companies generally charge a standard commission rate between 30 to 40 percent of sales. Before they agree to take on a client, they'll typically provide a gross sales minimum. This means that the total value of all the items to be sold must meet or exceed that value.

Art. Many an art gem has been found at estate sales by buyers, and art remains a best selling item at estate sales. One of the best things about artwork at an estate sale is that it comes ready to hang with a frame. Original art and vintage art that boasts signatures are attendees' favorites.

Hold Your Estate Sale on a Weekend Day.

And never hold an estate sale on Christmas or Thanksgiving, no matter what day of the week they happen to fall on.

In Ohio an “Estate sale” is the sale of property belonging to the deceased.

Haggling or negotiating is a common and expected practice at estate sales. It's completely normal to try to get the best deal possible, and the seller is likely expecting it. In fact, they may even be open to negotiating in order to move the item quickly. Don't be shy about negotiating at an estate sale.

It's a commission-based field, so the majority of the money estate sale companies make comes from the sale of the items. Different companies have different pricing structures, but in a recent survey, we found the average commission rate, nationwide, is 35%.

Winter Is Better for Sellers; Summer is for Buyers

Spring and summer are packed with garage and estate sales. Fortune favors the brave; if you have a sale during the winter you will surely see more people come through the sale. More people means more potential buyers.

What time of year are most properties sold? The time of year when most properties are sold is autumn (March to May). There is a good balance of buyer demand and limited supply.

Late spring and up to July are considered the home-selling months. You can sell faster and earn higher sale proceeds during this time of the year. As per 2022 data, the median sale price of houses sold in May 2022, was $1,057,250.

It's much more than a yard sale, as everything is marked with a price tag and is up for grabs. So, what does “estate sale” mean? Quite literally, it means the sale of someone's entire estate.

Do you need a realtor to sell a house in Ohio? ›

Selling a house without the assistance of a Realtor in Ohio is possible, but you'll be in for a lot of work. While selling on your own will save you the cost of a listing agent's commission, you'll still have to pay the buyer's agent's fee.

Fees tend to be between 0.9% and 3.6%. It's a good idea to ask exactly what the fee covers before signing a contract. Make sure to check any additional costs before deciding on an agent. Estate agent fees should only be paid when your sale is completed.

Of course, real estate commissions can be negotiated, and nowadays they typically run somewhere closer to 5 percent of a home's sale price. That means the means the more expensive the home, the more money the agents make.

Choose your advertising channels

Social media platforms like Facebook, Instagram, and Twitter are great ways to reach a large audience and create buzz about your event. Additionally, classified websites like Craigslist and local event calendars can also be effective for reaching potential buyers.