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If you’ve received a physical inheritance from a loved one, or you’re working to liquidate an estate, you surely have questions.
The process can feel overwhelming, and things can get even more complex when there are physical assets involved. How — and where — should you sell these items?
This guide will focus on how to sell an inheritance in Seattle.
The estate, trust, and probate process can be complex. If you’re responsible for managing the estate yourself, it’s very important to work with a legal professional. A lawyer can guide you through the Washington State estate laws to ensure everything is handled correctly.
If you’re not managing the estate or trust yourself, then things can be a bit more straightforward. If you’ve received an inheritance already and are looking to sell it, here’s what you need to know.
The process of selling an inheritance depends on what assets are included in the estate. Some assets are simple to sell. Stocks, for example, can simply be sold via an online broker in just a few clicks.
Other assets are more complex. Selling inherited real estate, for example, involves a months-long process.
And then there are all the assets that don’t have a clearly defined value: The collections, coins, artwork, jewelry, etc.
With all that in mind, let’s go over the step-by-step guidelines for how to sell inherited valuables.
The first step is to take a close look at what you have. Some questions to ask about items you’ve inherited include:
In some cases, you can evaluate an item yourself. The value of stock, for example, is clearly established by the current stock price.
Other items will require professional evaluation. Which leads us to our next point…
If the items do not have a clearly defined value, you may need to seek out the opinion of an expert.
This could mean seeking out a professional — like a real estate agent to sell an inherited property — or it could mean seeking out a professional appraisal.
For the following items, Bellevue Rare Coins can evaluate your items for free — and provide a cash offer to buy them. We currently evaluate and buy:
Our friendly experts will examine your items, explain what you have, and prepare a no-0bligation offer for you. Bellevue Rare Coins has been serving the Seattle area community since 1979, and we’ve helped hundreds of thousands of clients sell their valuables. Learn more about selling to Bellevue Rare Coins here.
If you’re selling something other than the items on the list above, you may need to do some research to find the right expert. Take your time — it’s important to find the right expert or appraisal that knows what they are doing!
Next, it’s time to find a buyer for your items! If you’re selling inherited assets like coin collections, gold, jewelry, watches, or collectibles, the best place to sell your items is Bellevue Rare Coins. We pay the most of any buyer in the Northwest!
If you’re selling something that we don’t purchase, you have other options. These options could include:
Depending on what you’re selling, its value, and it’s popularity, this process could be quick — or it could take some time! Ultimately, you’ll want to be patient so that you can get the most value out of the items you are selling.