|Posted by Tonza Borden on June 14, 2013 at 12:35 AM|
Selling on consignment is becoming a hot worldwide trend that all professional estate sale companies should join, but a well-written contract is essential to you and your clients, every consignment.
According to T. Williams, owner of Design & Consign, Newport News, VA, "consignment is off the hook!"
An estate sale consignment contract/agreement is necessary to use when you accept other people’s goods for sale by your estate sale company (on GoAntiques or eBay for example).
Use a well-written contract in your estate sale trading assistant service, which allows you to leverage your estate sale and eBay selling experience by selling (and possibly buying) on behalf of consignors.
The consignor is the person who owns the merchandise.
Fundamental considerations that should be included in your estate sale consignment agreement:
- Briefly describe the personal property. (Extensive detail can be written in the sales description).
- Indicate the amount of time you have to sell the item (normally 60-90 days).
- Assign a fair market value estimate of what to sell the item for.
- Consignee’s commission fee based on selling price (25%-50% is normal).
- Indicate the method of payment to your consignor.
- Optional delivery fee to return items.
- Optional advertising fee.
The estate sale consignment agreement "template" that we use is properly constructed in plain English. It's a one-page format that you can customize with your company’s information for best results, print and it’s ready for immediate use.
The title, format or text is not set in stone so you can revise it to fit your business model.
Where can you get one? Just click on this link.
No professional estate sale manager can do his or her best work without the right tools. For example, the tools listed on estate sale supplies are helpful and can be purchased over time, but well-written contracts are essential to YOU and your clients, every estate sale and consignment.
Thanks for reading. Post a Comment to ask me anything about estate sales!
Written by Tonza Borden from Atlanta, Georgia: Hi, I'm estate liquidator of EstateSaleServiceAtlanta.com, and publisher of Secret Of Estate Sales Marketing Success: REAL Estate Sale Techniques & Templates To Go From Beginner To Getting An Endless Stream Of Estate Sale Clients. I help people find the resources they need to succeed in estate liquidation, worldwide.