Estate Sale: 1. An estate sale can be the selling of a home owned by someone who has passed away or moved into an assisted-living facility. The person who inherits the home gets the proceeds. If no one is named to inherit it, the home is appointed to someone to hold a probate sale. 2. Also, an estate sale can refer to the liquidation of most or all possessions within a home (not including the house itself) in a timely manner. The sale is often due to the death of the home’s owner.
