LIQUIDESTATES
Estate Sale Agreement
Email: [email protected]
This Agreement is made this ___ day of _________, 20, by and between LiquidEstates (hereafter referred to as “LiquidEstates”) and ________________________________________ (hereafter referred to as “Client”), who is either:
☐ the legal Owner of the property, or
☐ the Personal Representative of an estate.
If acting as a Personal Representative, Client agrees to provide documentation of authority, such as:
- Letters of Testamentary
- Letters of Administration with Will Annexed
- Letters of Administration
Property Address:
City: ___________________ State: ______ Zip: ___________
TERMS & CONDITIONS
- Option 1: Estate Sale Only
- Commission Rate: 40% of the total sales
- Intial here if selected: _________
- Option 2: Estate Sale with Cleanout Service
- Commission Rate: 30% of the total sales
- Cleanout will occur within one week after the sale.
- Intial here if selected: __________
TERMS & CONDITIONS
1. Representation and Ownership
Client affirms all items listed for sale are owned free and clear of liens or encumbrances and that Client has full authority to sell. Client agrees to indemnify LiquidEstates from any legal claims arising out of ownership disputes before, during, or after the sale.
2. Services Provided by LiquidEstates
- Organization & Setup: Display of all items using available and supplemental tables/shelves. Items of unusual value or sentiment may be discussed with Client.
- Cleanup: Post-sale removal of all equipment used. Floors will be swept/mopped, surfaces wiped, and trash removed.
- Preparation: LiquidEstates requires access to the property at least 2 weeks before sale. Work will occur 9am–6pm.
- Pricing: Prices will reflect fair market value and liquidation pricing. Final pricing decisions rest with LiquidEstates. Client may request minimum pricing on select items by providing a list two weeks before sale.
- Advertising: All advertisements, signs, and promotional materials will be handled by LiquidEstates.
- Conduct: The sale will be conducted professionally with trained staff.
- Security: Basic security measures will be implemented. Security guards available at Client’s request and expense.
- Unsold Items: A list of any items Client wishes to retain if unsold must be submitted before the sale. Depending on the package select, the remaining items will be removed from the house within 7 days following the sale.
- Payment Methods: Credit card payments are accepted (Visa, MasterCard, Discover).
3. Client Responsibilities
- Mark or remove all “Not for Sale” items prior to setup.
- Do not remove or sell items after pricing is finalized. Doing so will incur commission fees.
- It is preferred that Client not be present during sale days to avoid discomfort for buyers.
- If the property is listed for sale, avoid showings during preparation and sale.
- Provide proof of insurance coverage for the property. LiquidEstates is not liable for injuries or damages occurring on site.
4. Reconciliation and Payment
Within 10 business days after the sale, LiquidEstates will provide a written report showing gross sales, deductions, and net proceeds. Payment will be issued by check to the Client within 30 days of the sale’s conclusion.
FEES AND COMMISSION
LiquidEstates will receive a commission based off the package select. This is of the total gross sale amount. This commission applies to all items agreed upon at time of signing. Removed items after signing may incur a commission based on estimated value.
TERMINATION
Either party may terminate this agreement before the sale.
- If LiquidEstates terminates: No compensation is owed by Client.
- If Client terminates: Client agrees to pay for all services rendered up to the termination date.
SALE DATE(S)
Date(s) of Estate Sale: ___________________________________________
LiquidEstates reserves the right to adjust sale dates due to unforeseen circumstances and will notify Client in writing.
SIGNATURES
By signing below, Client affirms agreement with all terms listed above and indemnifies LiquidEstates from liability related to accidents, injuries, or theft during the sale.
Client Signature: _________________________________ Date: ___________
Client Name (Printed): ___________________________________________
Client Mailing Address: ___________________________________________
Phone: ___________________________
Email: ___________________________
LiquidEstates Representative: _________________________________ Date: ___________
Make Check Payable To: _________________________________________