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Question DetailsAsked on 9/6/2017

i want to sell all contents from storage unit

Have my deceased sister's storage unit and I need to get rid of the contents

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Sorry for your loss.


Be sure to check with the place to make sure payment on the unit is kept up-to-date till it is cleared out and turned back over to the storage place, so you don't risk losing the items to a forced storage place sale. Also, make SURE the storage place has new mailing address (for the Estate) and they will likely want a copy of the Letters of Representation (or whatever phrasing your state uses for estate executors/reps) to let you into the unit (especially if you do not have the key/combo so it has to be cut off) or to change the account contact info.


Also, with an estate, not knowing who may have had key/combo, best for the executor to immediately put a new lock on it (as well as change house locks).


Be sure the Estate attorney or Executor has completed the tax valuation of the items (both for federal/state Estate Tax return valuation, and for cost basis for sale - especially if there are collectibles or valuable items in there, as applicable) before putting them up for sale, and with any distribution of items being physically distributed rather than being sold - memorabilia and such. Best to also have a pretty thorough photo record of what was there so the IRS or state can't come and say the stuff was quite valauble so you owe a bunch of taxes on it.


Such removal of items to be distributed to estate beneficiaries has to be generally be done BEFORE you get an Estate Sale or Auction company into the picture - they will help you do that during clearout but at an hourly rate, with the hours being determined by how much time you spend sorting the "keepers" from the "salers" - so best to do all that up-front BEFORE getting them involved at all.


Except for units the storage place is selling off because of non-payment, almost universally they will not let you to auction it there (plus you do not get anywhere as good a set of buyers at storage unit auctions) so the Auctioneer (your Search the List category for this sort of service) will truck the items to be sold to his warehouse/auction house/barn to be inventoried and held to sell at his upcoming regularly scheduled auctions.


If selling a whole house worth of stuff with few pull-outs, sometimes (especially in nice weather seasons) and if the house has adequate outdoor room, they will take the sotrage unit stuff to the house and hold an on-site weekend (be sure of that) auction at the house, selling both the household and stored items.


Here are a few previous similar questions with some more links to others which should help:


http://answers.angieslist.com/How-sel...


http://answers.angieslist.com/I-find-...

Answered 1 year ago by LCD




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