What Is An Estate Sale?
While estate sales are often held after someone has passed away, the term “estate sale” simply refers to the selling of someone’s possessions. True, estate sales often occur as a result of someone’s passing, but they can also be a wise option if you’re looking to minimize clutter, moving into a retirement home, or just downsizing your living arrangement. An estate is a collection of assets that make up your net worth. This includes furniture, real estate, bank accounts, cars, etc. An estate sale is a way to liquidate many of these assets by selling them.