Zoom Call with Lorrie Semler: Estates and Moving Sales

By
Real Estate Agent with Mapleridge Realty, CT 203-206-0754 REB.0759001

Estates and Moving Sales

As agents, we sometimes get into listings where the house just has too much stuff' It is common when people have resided long times in the houses and have a difficult time minimizing their possessions. That's when the experts get involved and assist with the removal and sale of the household materials and furniture.

This is where Lorrie Semler gets invited to ease the burden of selling off the possessions. Lorrie described here evolution from doing appraisals of possessions to estate sales through to ultimately getting a real estate license to complete the process.

As she described, here progression, she offered that most of the people involved in estate sales are not licensed and only as they get into membership with the National association do, they abide by a code of ethics.

Lorrie went into detail as to the reasons for calling in an estate manager. She also detailed the issues that can be found with each scenario as well as the extent of the work needed to be done.

The process of moving the estate becomes essential as all items in the house need to be identified and have a value placed on them.  Then comes the type of sale that will be needed whether it be a large auction, to an in-home sale or an online auction, and even using Facebook marketplace and similar.

She stressed repeatedly that everything in the house has a value and that nothing should have been thrown out unless it was decided by someone with authority that it was trash.

Lorrie won't do any work until she has determined it has a justified value and even then, only with a detailed contract. Her minimum requirement would be a minimum estate value of $10,000.

Within the contract would be defined the person responsible for managing the sale as well as who would have access to the property and when. Extra items such as removing the debris and items determined to be of little or no value are also defined.

Most sales are done within a couple of days for the smaller estates u to 7-10 days for the larger more valuable estates.  In her area, it is an active business and qualified appraisers get their calendars filled quickly.

It was an entertaining call with many questions from those in attendance.

Estates and Moving Sales

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Ed Silva  Mapleridge Realty, LLC,   203-206-0754

Comments (35)

Sheri Sperry - MCNE®
Coldwell Banker Realty - Sedona, AZ
(928) 274-7355 ~ YOUR Solutions REALTOR®

Hi Ed Silva - You always do such a good job with the recap of these calls.  On my last listing that closed near the end of the year, I helped a client downsize into Senior living from a three-bedroom home.  So I have a fresh recollection of this.  But Lorrie takes it to a different level and showed us how she keeps all the balls in the air during this process.  It was a great call to hear all the nuance from her and situations that she tends to. 

Jan 12, 2022 08:22 AM
Hannah Williams
HomeStarr Realty - Philadelphia, PA
Expertise NE Philadelphia & Bucks 215-820-3376

Ed Silva You always do such a wonderful job of telling how our Zoom meeting went and this time is no exception - Thank you 

Jan 12, 2022 08:33 AM
Ginger Harper
Coldwell Banker Sea Coast Advantage~ Ginger Harper Real Estate Team - Southport, NC
Your Southport~Oak Island Agent~Brunswick County!

Thanks for the breakdown on this.  Great Blog.  Sorry I missed the Zoom

Jan 12, 2022 10:12 AM
Rocky Dickerson
Realty One Group - Las Vegas, NV
Superior Service!

Hey there Ed! It was quite the call. Lorrie brought a huge amount of information

Jan 12, 2022 11:45 AM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Nina Hollander, Broker   It was information as well as awareness as to what should be done when a house full of possessions is encountered.

 

Brian England   When that happens the possessions should be evaluated by a professional to determine value, and then the who wants what could definitely change

Jan 12, 2022 02:01 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Carla Freund   It was a lot of information that many of us have very little experience with.

 

Carol Williams There was a lot to take in and I missed a few points that may have been beneficial to others

Jan 12, 2022 02:15 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400   She did a wonderful job and if someone were to need some specific info maybe they should reach out to her directly.

Sheri Sperry - MCNE®   She offered insight with some of her examples of things that should not be overlooked like that table and chair that looked to have minimum value and then went for over $1,000 at auction

Jan 12, 2022 02:18 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Hannah Williams   I do the best I can Thank you

 

Ginger Harper   It was an interesting call and a different slant on our business

 

Rocky Dickerson   She had a great presentation that could have easily taken up another half hour

Jan 12, 2022 02:58 PM
George Souto
George Souto NMLS #65149 FHA, CHFA, VA Mortgages - Middletown, CT
Your Connecticut Mortgage Expert

Ed I knew of Estate Sales, but Laurie shed a whole new light on them for me!

Jan 12, 2022 03:32 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

George Souto   It is an entire set of sales each directed to a specific style of possession.  It needs to be addressed carefully

Jan 12, 2022 03:47 PM
Anna Banana Kruchten CRS, Phoenix Broker
HomeSmart Real Estate BR030809000 - Phoenix, AZ
602-380-4886

Hi Ed I'm sorry I missed Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417 presentation.  She offers a very valuable service.  We have had estates sale managers from time to time and it's always worked out well for the sellers. 

Jan 12, 2022 03:54 PM
Ed Silva
Mapleridge Realty, CT 203-206-0754 - Waterbury, CT
Central CT Real Estate Broker Serving all equally

Anna Banana Kruchten CRS, Phoenix Broker   I know I will need to take a second look at a listing when going in to be able to better advise the sellers

Jan 12, 2022 03:59 PM
Anna Banana Kruchten CRS, Phoenix Broker

For sure!  we had one that every single cabinet in home & garage was packed full of so much stuff.  It was nuts.  And that didn't include the attic which was full to the brim.  Who on earth needs so much stuff?

Jan 12, 2022 04:02 PM
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West - Carlsbad, CA
Presence, Persistence & Perseverance

Thanks for the recap, Ed Silva . I had all good intentions of attending this Zoom Meeting, but the BOSS demanded more production out of my feeble bones!

Jan 13, 2022 05:27 AM
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thank you very much, Ed, for telling us about this interesting Zoom session.

Jan 13, 2022 05:39 AM
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
The right Charlotte REALTOR!

Thank you so much for sharing this, Ed! Hopefully those who read this will realize that they missed even more by not being there with us! 

See you on Tuesday!

Jan 13, 2022 02:59 PM
John Juarez
The Medford Real Estate Team - Fremont, CA
ePRO, SRES, GRI, PMN

I find it interesting that the reasons that Lorrie cited for “Why People Call Estate Managers” – Death, Divorce, Disaster, Debt, Downsizing, Discovery – are the same reasons that drive many homeowners to make the decision to sell their houses.

Lorrie’s presentation was very enjoyable.

Jan 13, 2022 04:21 PM
Kathy Streib
Room Service Home Staging - Delray Beach, FL
Home Stager - Palm Beach County,FL -561-914-6224

Hi Ed- I love that you share this with us each week. I loved hearing what Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417 had to say and it was such an interesting topic. This is also excellent information to have for our clients!!!

Jan 14, 2022 06:48 PM
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

I’m glad that these types of meetings are coming around to be commonplace

Jan 14, 2022 10:02 PM
Wanda Kubat-Nerdin - Wanda Can!
Red Rock Real Estate - St. George, UT
So Utah Residential, Referral & Relocation REALTOR

These types of sales are very detailed and emotionally difficult if the owner is still involved. I can attest to that! Thank you for the synopsis of Lorrie Semler, REALTOR® in the Dallas area. Call/text 972-416-3417's zoom presentation, Ed Silva.

Jan 15, 2022 08:11 AM
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Hi Ed - thank you for the update.  I missed this one since we were flying back from Florida.

Jan 15, 2022 11:05 AM