Mississauga Real Estate, Homes, TREB & MLS Blog by Mark Argentino: Receive Estate Sales listings delivered to your inbox

Saturday, April 05, 2008

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What is an Estate Sale Property?

What's an estate sale? The sale of real property left by a person at his or her death. An estate auction can involve the sale of real property through an auction.

Would you like to automatically receive new MLS listings of residential Estate Sales in the GTA, including Mississauga, Toronto, Milton, Oakville, Newmarket, Vaughan, Markham, Brampton and Etobicoke areas? This would include new Estate Sale listings as they are added to the MLS database system. You may fill in the fields below and click the Subscribe button below.

I will not send out the Estate Sales nearly as often, maybe once per week, as I do the Power of Sales. The reason for this is that the Power of Sales sometimes sell in one or two days, the estate sales usually take a little longer.

A Real Estate Estate sale is the sale of a property where the owner is deceased. An estate sale can also be a type of garage sale, yard sale or auction to dispose of the majority of the materials owned by a person who is deceased or will be moving. Estate sales are usually conducted by a professional, for a percentage of the revenues. This is because the scope of the process is usually overwhelming to the survivors, and for the specialist's experience with pricing antique items, his or her following of customers, and the specialist's experience in disposing of unsold goods in an unsentimental manner after the run of the sale. Antique and collectible dealers use estate sales as one of their more important wholesale sources. Estate sales are typically 1 to 3 days long, often with a price reduction toward the end.

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