Shopping To Support Local Businesses

« Back to Home

Making Money from a Deceased Estate Clearance

Posted on

When a loved one passes, you may not want to tackle their estate by yourself. There are lots of reasons why you may choose to use a deceased estates clearance service. If you do choose to use one of these services, there are some ways you can make money from your chosen team's efforts.

Clear Debts Quickly

Make sure you address outstanding debts as quickly as you can. This is particularly important when those debts are going to accrue interest. Discuss any payments that are due with the legal team overseeing the breakdown of the estate and ask them to identify those that need the most urgent attention. You should also check that none of the debts are outside of the limitation period.

Follow the Will

It's also important to follow your loved one's wishes, especially when they outline them in a will. Tackling their assets before they have been divided amongst those named in the will could cause problems further down the line. Doing this before contacting a professional company can prevent you from gaining money that someone else may later reclaim.

Separate Sentimental Items

Take a gentle approach to identifying those items that are sentimental. While you may want to make money from the estate, it's important to identify those items that you may wish to treasure long term. If you're in doubt, you can always hold onto an item for now and evaluate whether you want to sell it later.

Find Valuable Pieces

Finding valuable items in a loved one's estate isn't as easy as you may think. There may be hidden collectibles that you wouldn't consider to be valuable. Similarly, an item that looks like it will fetch a lot of money may not have much worth. The best way to approach this is to take a guess and then let a professional identify which pieces are worth selling. 

Shop Amongst Buyers

Once you know which items are valuable, see what prices various buyers are offering. A lot will offer instant cash, which is handy when you're looking to make money fast. However, that doesn't mean you shouldn't get a few different prices before landing on the final one. Again, it's worth seeking professional advice to make sure you are getting as much as you can.

It may take some time to get an estate in order after someone passes away, but with the right guidance your efforts will be worth it.