View Full Version : Need legal advice/selling guns for a friend
bchase75
09-09-2014, 09:35
Hey fellas,
My ex's mom lost her husband awhile back, and she's not sure what to do with his gun collection. She asked if I could help her sell them on this forum, and I'm happy to help, but I want to make sure everything is above board and compliant with current laws.
That said, does she need to transfer ownership to me before I can sell them? She lives in Ft. Collins and has MS, and she's not very mobile, so in theory I'd keep the guns down here in Denver while I'm selling them off.
Any advice y'all could give me would be greatly appreciated.
generalmeow
09-09-2014, 09:45
Legally, for you to take possession of them, you need to get background checked. But maybe there's an FFL in Fort Collins that will give you a good price on transferring the whole bunch at once.
That being said, didn't you tell us once that her husband gave you a lot of guns before he died, and prior to July 1, 2013?
Great-Kazoo
09-09-2014, 10:11
IIRC you can be in possession of a firearm for 72 hrs? One issue is value of guns. You going to use gunbroker and gunsamerica for average SOLD pricing? Have a smith give an appraisal etc? OR use BBOGV ? What does the ex feel the value is? you need to iron out gun values prior to sale. This way there is no conflict between you and the ex, AFTER a gun is sold.
bchase75
09-09-2014, 10:23
Yeah, I'll probably use gunbroker and the internets to establish approximate value, or bring it by BP Tactical to have Bert give it a once over and provide a value estimate (did that recently with an old AR). My plan is to go over the list with my ex and her mom to make sure there aren't any points of contention, then keep records as to what sold and for how much. Neither of them know much about firearms, so I'll just document the hell out of everything in case they have any questions or concerns.
I've worked with FFLs dealing with estates in this manner in the past.
Ask them if they want to sell the guns or keep them, meaning don't allow them to price the guns out of market value and then get angry when the guns don't sell. I've seen estates pull their collections from FFLs because the guns weren't selling fast enough when the guns were listed for more than market value.
Make sure all parties are in absolute agreement as to the pricing prior to any sale being finalized. If you are getting a commission for helping out make sure that all parties are in full agreement on this as well. Make sure that all parties are aware that some guns will take longer to sell than others and set expectations accordingly.
bchase75
09-09-2014, 10:48
Will do....thanks for the advice! [Beer]
To Bear Arms
09-09-2014, 11:29
PM inbound.
kidicarus13
09-09-2014, 13:30
PM inbound.
Rich?... Rich Wyatt?
Great-Kazoo
09-09-2014, 13:53
Rich?... Rich Wyatt?
REALLY ? If you bothered to check his feed back, you's see he is not rw.
kidicarus13
09-09-2014, 13:55
REALLY ? If you bothered to check his feed back, you's see he is not rw.
No, not really. I was trying to be funny
Great-Kazoo
09-09-2014, 13:58
No, not really. I was trying to be funny
like a clown funny
even mentioning his name requires a sarcasm alert.
ANYWAY OP, good luck with your fall project.
spqrzilla
09-09-2014, 14:04
The easiest way to do this is to take them to an FFL for him to sell them on commission. He may want to have her sign some paperwork, or see a power of attorney from you executed by her.
I would advise against taking possession of the guns, while you listed them for sale yourself.
The biggest problem I have with these kind of "collections" is that the heirs usually are not gun people and overestimate value and condition a great deal. Had someone once show me their father's collection for my opinion. They had an 1886 Winchester lever action rifle that was in poor finish and even had the father's name and social security number electropenciled on the top of the barrel. They had in mind that that gun would sell for what a price guide listed for a 90% finish gun. Uh ... nope.
Or if you hadn't said anything,,,
sportbikeco
09-09-2014, 17:39
Take them all to green mountain guns and put them on consignment. They will sell. They can mail her a check.
funkymonkey1111
09-09-2014, 17:49
Tom Gresham from Gun Talk advertises for this guy who does estate buy outs:
https://www.durysguns.com/
ChadAmberg
09-11-2014, 16:18
Oh come on, list them here first!
Take them all to green mountain guns and put them on consignment. They will sell. They can mail her a check.
Tom Gresham from Gun Talk advertises for this guy who does estate buy outs:
https://www.durysguns.com/
Wrong on both when there are FFLs here on this board who will likely do the same thing.
bchase75
09-11-2014, 16:26
Oh come on, list them here first!
That's my plan. Also have several pms from guys who are looking for something specific. I figure it's a good opportunity to do a favor for a friend and hook people on this forum up with some good deals.
twitchyfinger
09-11-2014, 16:45
That's my plan. Also have several pms from guys who are looking for something specific. I figure it's a good opportunity to do a favor for a friend and hook people on this forum up with some good deals.
There ya go and a great place to start. I have a friend who I'm about to do the same for. He inherited his father's firearm collection. His father was one of the last real cowboys here in Co and owned a huge cattle ranch up in Kremling for many years. He has some really nice cowboy guns he would like to sell but has no idea what they are worth.
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