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Losing a family member can be difficult, and if you are responsible for liquidating their estate, it can be a daunting task. If you want to liquidate an estate quickly and in the most financially sound way, there are several helpful tips that you can use. However, it’s essential to research before hiring an estate sales agent.
Most people selling items on the secondary market who aren’t professional dealers or without access to the assistance of professional dealers will find it difficult to obtain retail prices in a sale, and can more realistically expect future sale prices to be closer to the Fair Market Value and Liquidation Value levels of the market.
The Warranty Isn’t Enough Some people forgo getting insurance for their jewelry because the jewelry is under warranty. They are not insurancepolicies and won’t cover your piece if it’s damaged under extraordinary circumstances, lost, or stolen.
Is it the orderly liquidation market, retail market, retail replacement market? In general, pre-owned diamond jewelry is most commonly sold to the public on the orderly liquidation market; however, the marketplace is going to depend on the specific property. Who is buying this diamond jewelry?
Do you need to have a collection appraised for insurance? Do you want to liquidate? An insurance appraisal is also used for estate planning purposes, as well as insurancepolicies and claims. The quick answer is that the kind of appraisal you need depends on your intention.
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