Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
Where is your house located? I may have a buyer for you and it wouldn't matter if it was furnished or not. Can you give a contact number where you can be reached?
The main issue you're going to have is the buyer's lender. Lenders do not like to see anything coming with a house except things that would be considered customary in your market like washer, dryer, and fridge. Even putting in a pool table, as those are a pain to move, can throw an underwriter off.
They will ask for everything to be removed from the contract with no mention of the furnishings. This is probably what your Realtor was talking about when he said it's not allowed. You will need to create a separate "Bill of Sale" to take care of the furniture, even if it's at $0 cost. Lenders don't want to see that they're lending money on a house and furnishings and make them second guess if the furniture is adding value to the house or not, and will it change the amount they're willing to lend on the property...
The main issue you're going to have is the buyer's lender. Lenders do not like to see anything coming with a house except things that would be considered customary in your market like washer, dryer, and fridge. Even putting in a pool table, as those are a pain to move, can throw an underwriter off.
They will ask for everything to be removed from the contract with no mention of the furnishings. This is probably what your Realtor was talking about when he said it's not allowed. You will need to create a separate "Bill of Sale" to take care of the furniture, even if it's at $0 cost. Lenders don't want to see that they're lending money on a house and furnishings and make them second guess if the furniture is adding value to the house or not, and will it change the amount they're willing to lend on the property...
Yeah. When we sold our house furnished the purchase of furniture and accessories was a totally separate process. Cash across the table and a bill of sale. Our realtor actually handled the transaction for us -- nice guy. He even talked the buyers into buying our Kubota tractor and mower (10 acre 'farmette')
The main issue you're going to have is the buyer's lender. Lenders do not like to see anything coming with a house except things that would be considered customary in your market like washer, dryer, and fridge.
And this makes a lot of sense. Most people need a mortgage to buy a house and a mortgage lender does not want to be lending money on used furnishings, only on the house and the land the house is on.
Here in NC there are many small companies that handle estate sales. They come to your home or that of a deceased relative and place a value on all items, advertise, then have a 'tag' sale over a weekend. I think they keep half of the earnings and you take half. That is a very easy way to liquidate your furnishings, and the leftovers can go to charity.
I wouldn't want someone else's stuff. Even if it was high end furnishings, It would feel weird to move into a new house, with someone elses stuff still inside and call it my own.
Things I would consider for a separate cash deal would be lawn car equipment, snow-blowers, 4-post lift in the garage, etc...and I've usually seen that listed as negotiable.
And this makes a lot of sense. Most people need a mortgage to buy a house and a mortgage lender does not want to be lending money on used furnishings, only on the house and the land the house is on.
Here in NC there are many small companies that handle estate sales. They come to your home or that of a deceased relative and place a value on all items, advertise, then have a 'tag' sale over a weekend. I think they keep half of the earnings and you take half. That is a very easy way to liquidate your furnishings, and the leftovers can go to charity.
Also consignment sale companies. We have both bought and sold furnishings at such places.
Because most sellers would scoff at the idea of having to remove your furniture. To them it would be considered junk (except maybe the TV if it is a newer model).
People are very specific on furniture. For the most part they would consider it junk.
Exactly. If you don't want your furniture, OP, why would strangers? Not only would most people consider it junk, there's a certain ick factor involved with used furniture, (particularly couches and beds), that many people don't like. So the buyers will view your "gift" as a big haul-off expense, not an amenity.
I'm another that would consider a fully furnished home. I saw a listing for a condo - Inner Loop and this bad boy was tricked out....it looked like an HGTV "after" show. I tried to get on it but it was snapped up right away! I remember thinking "gee, all I would have to bring is my clothes and makeup, put those items away and start living" LOL
IMO, it comes down to who is hired here?
Is the Realtor working for YOU?
or are you working for the Realtor?
If YOU are the boss, and your employee doesn't want to do it YOUR way, find another employee who will do what YOU want!
If you are selling a $250,000 place for $245,000, furniture included, the lender, IMO, has nothing to say about it. It doesn't even have to be mentioned on the buy/sell agreement!
When we bought our place, the seller didn't have room for his lawn tractor. I agreed to buy it, but the price was not included in the price of the home. It was a cash deal on the side.
If I were the buyer, and I didn't want the included furniture, I would be glad to accept it and donate it to Goodwill or some such thrift store, and get the tax deduction for myself.
Your loss is my gain!
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
