If you’re new to estate sales or want to maximize your experience, we’ve got some tips that can help.
Follow Local Estate Sale Listings
Estate sale companies like West Coast Downsizing Solution often post active and upcoming Richmond estate sales and online auctions, as well as those in the surrounding Fraser Valley area. Look up a few different estate sale companies and subscribe to their newsletter, or get the the company info when you visit an estate sale in person.
Popular sales can attract a lot of interest, so the earlier you can get sale updates the better. That way you can pick out exactly what you want and be ready to bid the moment it goes live.
Read Sale Descriptions Carefully
Each listing includes important details such as sale format, pickup times, and the highlights of each item. Knowing what’s included helps you plan your bidding strategy and whether or not you should take a vehicle big enough to fit all your purchases. It’s also a good idea to know what payment options they accept on the day of the sale.
Arrive (or Bid) Early
If you’re attending an in-home estate sale, arriving early gives you the best selection. It’s also a good opportunity to note items your interested in but find expensive. You can always return a few days later. If the item you want is still there, the seller may be willing to take a bigger discount on it so they can clear inventory.
If you’re doing an online auction, early bids help you track competition and adjust your budget. Sites like Live Auction World often allow you to set up both auto-bidding and a bid ceiling so you can stay on top of the items you want without having to camp at your keyboard.
Attend Multiple Days
As we mentioned above, going multiple times might get you a great deal for items that aren’t selling well. In some cases, the seller may bring out additional items that they didn’t have room to display earlier or had just forgotten about. Or maybe someone had reserved it and not picked it up. You never know!
Look Beyond the Obvious
Exploring the estate while on-site? Don’t just look at the popular items. Sometimes the best finds aren’t front and center. Check drawers, shelves, and overlooked areas. Some shoppers grab valuable items and hide them in out of the way spots to save it for later.
Feel free to explore, but just don’t pry in places that are marked as off-limits. Remember, you’re a shopper not a home inspector.
Set a Budget
Know your spending limit. That’s easy to fix in an online auction—just define a max budget on your bidding screen. That might be a tad more difficult during a live auction where there’s lots to see and buy.
We recommend leaving your credit card behind and only going with a fixed amount of cash in your wallet. That’ll reduce the chances of you going overboard and, if you do find a big ticket item that you really like, you can always ask them to hold it for you while you come back on another day with your credit card. Some even allow you to wire the payment using a service like Interac.
Bundle purchases
Buying multiple items at the same time might get you a bundle discount from the seller, especially if you include items that are harder to sell.