giving it back to the bank

[missnout]

Yep, think I have had enough,  Had my estate sale and they robbed me, trying to sell my tractor grrr.., and ive been informed that you can only get a loan for a house based on its appraisal ( so im burried). Thinking about when the tractor sells 9,500. car1,200. get a cheap travel trailer and meet yall in Quartzsite. When the mortgage company calls Ill let them " im out of town". Im really frustrated.

 

[WheelEstate USA]

Sorry to hear the spit hit the fan. 
We're down in Q waiting to meet you. You can hang in Ehernberg free of fees or enforcement till RTR and then back to E-berg till spring and live cheap while you figure out your next move.

 

[missnout]

Thanks for the input, I really cant wait to meet the peaple on this forum. I finaly feel like im not the only one who sees this world as I do.

 

[WheelEstate USA]

Yeah, it really sux when it feels like the world is rotating in reverse.

 

[Queen]

Damn, lady, I can feel your frustration. Hope you catch a break ASAP!

 

[missnout]

Me tooo, I will , the posatives we read on this forum give more support to the transitions being made. On this note there are lessons to be had. So anyone looking to have an estste sale should never leave stay right by the register. Note also Not all realestste peaple know everthing , so if you now nothing it can get quite comical.

 

[Queen]

Had an estate sale lined up when my dad passed away, my mom and I went back to FL on a tight timeframe to get it done... they completely flaked at the last minute saying "well, we don't really think we'll make enough". We lost our asses selling it all to a broker, totally sucked.

 

[T.he I.nvisible M.an]

Best thing to do is to put into storage ("IF" it's an emergency) and if not then start selling a little at a time on Craig's list, Ebay, Amazon or any other place where you can list your "stuff".

I have been shrinking down ok (and not getting robbed in the process).

T.I.M.

 

[WheelEstate USA]

Hard to store and sell if you live across country.
I've bought nice storage units that began that way and I ended up making the cash.
Being in the selling game one knows where to find his buyers.

 

[westriver]

Had an estate sale lined up when my dad passed away, my mom and I went back to FL on a tight timeframe to get it done... they completely flaked at the last minute saying "well, we don't really think we'll make enough". We lost our asses selling it all to a broker, totally sucked.

It sure does suck, especially the part where they suddenly discover it isn't worth their time.

When my mom passed, I asked a long time family friend, and auctioneer to stop by the house. The house was a beautiful brick two story three bedroom, with a lot of nice, everyday furnishings. Nothing antique, or high end. OTOH, no mattresses' on the floor, or shelves made of boards and milk crates. Just typical, clean, middle class America. After a few minutes of looking, he told me that he was sorry, but there simply wasn't enough value to hold an auction, and he couldn't bring himself to agree to one, and end up in the awkward position of having to ask for a few hundred bucks to cover the loss. He appraised the entire contents at no more than $1500. I was amazed, and question another auctioneer in the remote area I live in. This one stated that due to the more rural, and poorer, clientele where I live, the average contents of a three bedroom home bring roughly $900.

 

[IGBT]

It greatly depends on what you have. Tools, collectibles (anything star wars right now) all sell on craigslist very quickly. It would be a shame to let that type of stuff rot in a storage unit.

Furniture is a hard sale. I have a brand new Lazyboy leather recliner with the tags still on it that I have been unable to sell at 25% of new but I just sold a pinball machine I bought used for $1400 and played with for 10 years for $5500.

 

[Optimistic Paranoid]

My brother buys a fair amount of used stuff from various sources.  His motto is: "Any idiot can pay what something is worth.  I'm looking for BARGAINS!".

Regards
John

 

[Queen]

It sure does suck, especially the part where they suddenly discover it isn't worth their time.

When my mom passed, I asked a long time family friend, and auctioneer to stop by the house. The house was a beautiful brick two story three bedroom, with a lot of nice, everyday furnishings. Nothing antique, or high end. OTOH, no mattresses' on the floor, or shelves made of boards and milk crates. Just typical, clean, middle class America. After a few minutes of looking, he told me that he was sorry, but there simply wasn't enough value to hold an auction, and he couldn't bring himself to agree to one, and end up in the awkward position of having to ask for a few hundred bucks to cover the loss.  He appraised the entire contents at no more than $1500. I was amazed, and question another auctioneer in the remote area I live in. This one stated that due to the more rural, and poorer, clientele where I live, the average contents of a three bedroom home bring roughly $900.

We got $3500 and that included my dads old truck, his beater motorcycle... and three sheds worth of tools.  Not having the time to spend down there just screwed us huge, and the vulture broker knew it.  I now live about a mile away from his business and have managed to steer several potential sellers away from him.  Karmas a bitch.

 

[jimindenver]

Listen, one hard fast rule of life is if you are going to take the easy way out for any reason at all, you are going to pay for it somehow. People don't run estate sales as favors, it's their living. They know how to run them, advertise them, etc, etc. Ask them to make too little and it isn't worth the effort.

Ever trade in a car and get less than half of what it is worth? Dealers not only want to make a profit, they want to bend you over in the process.

In my business not one customer is less than a millionaire but everyone of them would have us in their working for free if they could get it. Don't expect anything for going the extra mile either, it will just be a long painful walk home.

I'm in a situation that will likely have me taking a bath on much of our stuff. I know that too. The thing is a some point and time the escape is worth more than the crap.

 

[Queen]

As I explain in almost every business situation, they want to make a profit, I want a good deal, lets meet in the middle. Profit is okay, being shitty to my mom is not, the guy is a weasel who took advantage during a horrible time.

 

[offroad]

except that the person wanting a profit has 100 more people they can attempt to weasel a steal from, while the seller usually only has a couple persons to deal with.  Its all about who has the strongest base.  they don't have to buy, but you sure need to sell.

 

[akrvbob]

I'm in a situation that will likely have me taking a bath on much of our stuff. I know that too. The thing is a some point and time the escape is worth more than the crap.

Amen Brother, Preach it!!
Bob

 

[WheelEstate USA]

I'll second that Bob.

 

[GrantRobertson]

I'm in a situation that will likely have me taking a bath on much of our stuff. I know that too. The thing is a some point and time the escape is worth more than the crap.

I think I've said this before but: I got much more enjoyment out of giving my stuff (or selling it super cheap) directly to people who really needed it than I ever would have enjoyed spending that little bit of extra money. And this was even when I was super broke, loosing my house, and about to get my car repossessed.

If you are going to feel bad about letting some "broker" rip you off, then don't let them. Don't use a broker at all. There is no catharsis in that. Your stuff needs to go from your hands to the hands of someone who will really appreciate it. I found it really helped me transition from one life to another and feel I was moving on to better things.

I have gone through this process three or four times now. I will not have to purge for switching to vandwelling. I am now fully "pre-purged." All I have had to do over this past year is to make sure and not "de-purge."

 

[jimindenver]

Thinking about it, I may make out better donating some of the higher dollar items for a tax break at the real value on the sale of the house than taking a pittance for their rushed sale.Always a different perspective if you look at the big picture