I. Preparation is Key
Research and Planning (Crucial):
Know what you're looking for: Don't go in blind. Make a list of items you specifically need or want. This helps you avoid impulse purchases.
Research prices beforehand: Check eBay, Etsy, Chairish, and other sites to see what similar items are selling for. This gives you a price range and helps you recognize a good deal.
Understand the Sale Format: Is it a traditional estate sale (first come, first served), an auction (online or in person), or a combination? Each requires a different strategy.
Read the Fine Print (Especially for Auctions): Understand the terms and conditions. This includes:
Buyer's premium: The percentage added to the final bid price (common in auctions).
Sales tax: Applicable taxes.
Payment methods: Accepted forms of payment (cash, credit card, etc.).
Shipping/pickup: How you'll get your items. Is shipping offered? What are the pickup dates and times? What are the penalties for failing to pick up items?
As-is condition: Items are almost always sold "as-is, where-is" with no guarantees or warranties.
Set a Budget: Decide how much you're willing to spend before you go or start bidding. Stick to it! It's easy to get caught up in the excitement.
Tools of the Trade:
Cash: Some estate sales prefer or require cash, and sometimes offer a discount for it.
Measuring tape: To ensure furniture or other items will fit in your space.
Notepad and pen: To keep track of items you're interested in, prices, and your budget.
Smartphone: For quick price comparisons and research.
Magnifying glass/flashlight: For close inspection of items.
Moving blankets/rope/tools (if you plan to haul larger items): Be prepared to move your purchases, or know if you'll need to hire movers. Likely, packing and moving are entirely your responsibility. Do NOT assume there is personnel on site at pick-up to assist.
II. At the Estate Sale (In-Person)
Early Bird Gets the Worm (Sometimes): Arriving early can give you the best selection, but sometimes prices are firmer on the first day. Consider going later in the sale for potential discounts.
Inspect Carefully:
Don't be afraid to examine items closely. Look for damage, wear, repairs, or missing parts.
Test electronics: If possible, plug them in and see if they work.
Open drawers and cabinets: Check for hidden compartments or damage.
Ask questions: Don't hesitate to ask the estate sale staff about the history or condition of an item.
Negotiate (Politely): Estate sales are often willing to negotiate, especially later in the sale. Be polite and reasonable with your offers. Lowballing can be offensive.
Be Aware of Your Surroundings: Estate sales can be crowded. Watch out for your belongings and be respectful of other shoppers.
Pay Attention to Pricing: Is everything clearly marked? If not, ask.
Be Prepared to Carry/Move Your Purchases: Estate sales usually don't provide assistance with moving large items. Bring help or be prepared to hire movers.
III. Online Auctions
Registration and Bidding:
Register well in advance: Don't wait until the last minute to register for the auction.
Understand the bidding increments: How much does the bid increase each time?
Set a maximum bid: Decide the absolute highest you're willing to pay and enter that as your maximum bid. The system will automatically bid for you up to that amount. This prevents you from getting caught up in a bidding war and overspending.
Watch the auction closely (especially near the end): Be ready to bid again if someone outbids you.
Avoid bidding wars (if possible): It's easy to get emotionally attached to an item and overbid. Stick to your budget.
"Sniping" (Use with Caution): Placing a bid in the very last seconds of the auction. Some people swear by it, but it can be risky if you're not paying close attention to the countdown. Many auction sites have anti-sniping features that extend the auction time if a bid is placed in the final moments.
Condition and Authenticity (Critical):
Rely on photos and descriptions: Since you can't inspect items in person, rely heavily on the photos and descriptions provided.
Ask for more photos/information: Don't hesitate to contact the auction house and ask for additional photos or details about the item's condition.
Check the auction house's reputation: Is it a reputable auction house with experience in the type of items you're interested in? Read reviews and check their history.
Be wary of "too good to be true" deals: If the price seems significantly lower than similar items, it could be a sign of a problem.
Shipping and Pickup:
Factor in shipping costs: Shipping can be expensive, especially for large or fragile items. Get a shipping estimate before you bid.
Understand the pickup policies: If you need to pick up the item yourself, make sure you can do so within the specified timeframe.
IV. Post-Sale Considerations
Payment: Pay promptly according to the terms of the sale.
Pickup/Shipping: Arrange for pickup or shipping as soon as possible.
Inspect Again: Once you receive the item, inspect it again to make sure it matches the description. If there are any discrepancies, contact the seller or auction house immediately.
Enjoy Your Treasures!
Key Takeaways:
Due diligence is essential. Research, inspect, and ask questions.
Stick to your budget. Don't get caught up in the excitement and overspend.
Understand the terms and conditions of the sale.
Be patient and persistent. Finding the right items at the right price takes time.
Be respectful of the sellers and other buyers.