steve's White Mountain Blog

head_left_image

Will your buyer, pay me for the furniture (outside of the sales price).

 Here's one that comes up a fair amount. When the sellers have done a great job of decorating their home, but the sale is for the real estate only - there are two things that frequently happen. #1) the Buyer says how much would they want for the furniture & #2) the seller waits until the deal is done and says we have no place for the furniture would your buyers like to buy it?

I have no issue with #2, this deal implies if the buyer wants it they will settle up after the sale, or bring a check to closing (good for everyone). But in the first case we have had the stuff thrown into the deal and the negotiations stalled over what was to stay and what wasn't. Plus the worse case scenario is when they agree to a package price then the home doesn't appraise.

Aside from a separate inventory being signed as an addendum, does any one have a better way to handle the furnished sale?

                       

                                                                                                                                                                              Your-White Mountain New Hampshire real Estate Expert

                    steve@alpinelakes.com toll free 800-926-5653 /cell 603-381-7898

                        MLS search and Realtor web site: www.alpinelakes.com

                         My outside Blog: www.steveswhitemountainblog.com

                    Lincoln NH &  Local interest site: www.localism.com/nh/lincoln

    Grafton County NH MLS search

Comment balloon 11 commentsSteve Loynd • August 03 2008 02:14PM
Will your buyer, pay me for the furniture (outside of the sales price…
share
Here's one that comes up a fair amount. When the sellers have done a great job of decorating their home, but the sale is for the real estate only - there are two things that frequently happen. #1) the Buyer says how much would they want for the… more
Don't reply to my ad by trying to sell me a better way to advertise.
share
Here are but Three of the 258 emails I got Yesterday: From; CraigsList / Subject: Posting Reply Could it be an answer to my ad in CraigsList? No it is a cash gifting program that will "crush the competition". From: a nameless… more
Govoni's Italian Restaurant, a Loon Mt. Area Tradition since 1914
share
The only thing better than the food is the view, Be here early to get a seat near the Indian Leap Gorge. We were late and opted to wait till a view table opened up. There is a quaint screened in lounge area where you can wait to be seated, or as… more
Second Home/ Retirement: Golf Course in the White Mountains of New…
share
Jack O'Lantern Resort, Woodstock NH, Six miles from Loon Mountain ski resort. The 18 hole course runs along the Pemigewasset River, with many holes featuring water frontage and all with terrific mountain view all the way to… more
The 3 most common ways 1031 replacement property is identified
share
The identification rules most used *The 3 property rule, the easiest way to comply is to identify three properties, you must make a formal attempt to name the street address, map and lot number or by a deed reference. You can literally find… more
Basic Restrictions of 1031 : acquisitions
share
A Few Restrictions to be aware of: * You cannot purchase property owned by a related party unless that related party is also doing an exchange. In brief, related parties are yourself, your spouse, your children, and your mother, father,… more
1031 exchange What is Like-Kind Property?
share
Like Kind as it appears in the IRC (Internal Revenue Code) related to 1031 Tax Deferred Exchanges (& 1033 Involuntary Conversions which I will not be getting into today) really means four things: Location of Property: To be like kind to… more
Camping Story :close to home Saves more than Gas
share
Camping was not my thing when I was growing up, outside of Boston, as a matter of fact I would have considered a hotel without room service as roughing it. But being an avid skier I made my way to New Hampshire and Have Lived here a… more
Hey buddy pick a lane will ya (fox in the road photos)
share
Rte 112 Lincoln NH, we are about a mile from town but on this road the next town.. or any building is 32 miles away over the Kancamagus Highway no gas station, no food no service, just half a dozen great look out points to turn in an d enjoy the… more
Family recreation Vs. college tuition, My Favorite Vacation property…
share
I encourage you to use my third party stories to make your point about purchasing a vacation home. There is nothing more powerful than showing why others choose to make property purchases especially when their motivation is the time spend with… more