09-08-2024 03:10 PM
Have a lot of items - hundreds - to sell from my parents estate. Willing to give the right person a high percentage of whatever we sell. I'm in Costa Mesa? CA
09-08-2024 07:04 PM
It will be almost impossible to find someone on here who would be willing to sell your items. Selling for someone else has gotten very complicated: sales are reported on the seller's SSN so there will be taxes to pay. The items would have to be in the seller's possession unless something otherwise could be worked out. There is also a lot of time involved with listing, shipping, dealing with customers, handling any potential returns and/or claims, the possibility of a fraudulent transaction happening, the possibility of sitting on items for months until they sell, and the list goes on and on. Even with a hefty split, most people aren't willing to undertake that for someone else's items.
I would suggest that you talk to an estate sale company or auction company in your area. They do all the work and sell for a percentage, and it can all be done fairly quickly. If you don't have enough to have a sale of your own, an estate sale company might be able to work your items in with another compatible sale, and auction companies often take things on consignment.
09-08-2024 07:44 PM
Great feedback thank you so much
09-08-2024 09:33 PM
Yep, the days of selling on consignment are long gone.
09-09-2024 02:57 AM
I recently lost my brother and inherited everything he had. He was a hoarder and I have spent the last two weeks trying to get all the junk and trash out of the house.
I need to keep several items for tax purposes that will be auctioned off to settle that tax debt.
Everything else I can sell or whatever. I do not want to do this, but since I also get some money out of this deal, I am prepared to donate around 90% of his stuff.
Examples: approx. 2000 DVD's, 300 CD's, about 50 different magazine titles, books, and lots and lots of clothes, along with other stuff.
I don't think anyone would be willing to help you with disposal of your parents estate.
Just get a good probate lawyer and do your best.
Best of luck to you.
09-09-2024 03:42 AM
DIY - ain't no one interested unless they are will to refund total purchase price and shipping/handling price up to 180 days after the sell - plus the logistics of building a eBay acceptable listing, get stuff from your parents place to their place to photo and have receipts for those high dollar items that you may need to provide to prove authenticity. Plus IRS and State Tax, etc responsibilities (Cali taxes everything that moves and standstillThere are people that do estate sales for people EstatesSales.Net is full of them even in Cali
09-09-2024 04:12 AM
It is sad that the Trading Assistant program didn't work out. When my mother passed away in Ohio we used a TA to sell a lot of her things. My brother still lived in Ohio but I'm in North Carolina and my brother didn't even have a computer so I had to locate a TA, check her out, get my brother to call her and set up an appointment. She was wonderful! She came to the house, evaluated things, took what she felt most saleable, sold it all and paid us our share. A flawless transaction for everyone involved. Now all the regulations and rules have pretty much ruined that option for us all.
09-09-2024 04:55 AM
There are lots of companies that specialize in estate sales locally. They do all of the work. In your situation, that might be the better idea.
09-09-2024 05:21 AM
Every time someone asks about trading assistant or help with selling the Tax issue comes up.
It simply is a red herring. For years, eBay ran a trading assistant program and many of those sellers had sales on their account that added to their 1099 and tax reporting.
Sellers that take on this type of work know full well how to report their business taxes and know how to report consignment sales. It's not any harder than reporting cost of goods.
Consignment sellers can send a 1099-Misc to the customer that gave them goods to sell.
File Form 1099-MISC, Miscellaneous Income, for each person in the course of your business to whom you have paid the following during the year:
• At least $10 in royalties (see the instructions for box 2) or broker payments in lieu of dividends or tax-exempt interest (see the instructions for box 8).
• At least $600 in:
1. Rents (box 1);
2. Prizes and awards (box 3);
3. Other income payments (box 3);
4. Generally, the cash paid from a notional principal contract to an individual, partnership, or estate (box 3);
5. Any fishing boat proceeds (box 5);
6. Medical and health care payments (box 6);
7. Crop insurance proceeds (box 9);
8. Payments to an attorney (box 10) (see Payments to attorneys, later);
9. Section 409A deferrals (box 12); or
10. Nonqualified deferred compensation (box 14).
Then it is up to the customer that cosigned the items to report the 1099-Misc on their taxes.
eBay no longer has a trading assistant program. That does not mean that it is harder or more complicated for sellers to do consignment sales. The fact that eBay restricts communication of personal details such as address and phone number is probably the number one deterrent to connecting sellers to these customers at this point. Sharing personal information through eBay messages is not going to work. That is the complication to finding a consignment seller on eBay. They simply have to advertise and ask elsewhere.
09-09-2024 06:45 AM
You should advertise locally. On FB or CL. Unless you are willing to take responsibility for taxes, seller fees, returns, shipping, supplies, CC chargebacks & possible fraudulent transactions, not to mention paying out a hefty fee to that seller, I doubt you'll get any bites here on this forum.
Good luck to you
09-09-2024 11:09 AM - edited 09-09-2024 11:11 AM
Thanks for the history lesson.
As that 1964 (soph at college) Chad and Jeremy song went "That was yesterday and yesterday is gone." link below And in 1964 a driving while drinking citation was only $25 fine and 6 points on your record - 12 points and your license was suspended. Never earned either either. Got a speedo ticket or two - none close for reckless driving.
https://www.youtube.com/watch?v=BSByOeew1rU
09-09-2024 11:11 AM
I'm near OC. I'll take 100%, that's a high percentage.