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It isn't often that I am asked about the furniture here in the 
;)
;)
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14 Comments on So How Much For The Furniture? Do We Negotiate That In The Contract?
Great post - best handled outside of contract as it greatly complicates a sale especially if financing is involved.
Yes, Barbara Jo. Furniture is personal property and not real estate in Texas, and it should be negotiated between the sellers and buyers with a Bill of Sale. Often times, if the sellers are just leaving something at no charge to the buyers, like a refrigerator, then they use a Non-Realty Addendum that goes along with the contract.
David - While we understand this, clients often think we write it up in the contract. Once again, the importance of working with a Realtor.
Jerry - we often have an extra refrigerator left in the garage and don't even mention it in the contract or any addendum. Interesting that you write an extra addendum for that in Texas.
Correct. Furniture means nothing to me as a Realtor. You want to sell that it is your business and not mine.
So true, like David says above, if you do try and put it on the contract and there's financing involved, you will not get the loan approved without removing it in most cases.
Indeed, Kevin
Gabe - yes, I remember years ago, as I new Realtor, I wrote the furniture in the contract and the loan officer said TAKE THAT OUT - that was the last time I did that one!!!!
Good subject Barbara-Jo, There have been several times that buyers have wanted us to negotiate the furniture and we advise them that they can do the negotiating after the deal is in place.
Absolutely, Larry and Sheila - no reason to muddy the waters.
Barbara-Jo, another great post -- suggested. You are right-on --- always best to keep furniture as a separate entity.
Thanks, William! I appreciate your comments!
Barbara-Jo, Good post. Buyers and sellers can negotiate the furniture separately as it is not part of real estate.
Certainly an important fact to remember. The lender does not want to finance furniture!
Howdy and evening Barbara Jo
Barbara Jo my friend, not adding the sellers personal property into contract sure does make a whole lot of sense. There has been homes here listed that the furniture in the home was added into the actual selling price.
I sure think the way its done there in Florida is the better way for it to be done.
Have a good one
Dale in New Hampshire
Indeed, Gita, and we need to explain that to them
No, they do not, Charles. Many new agents need to learn that one, as do buyers
Dale - wow, down here as far as the contract goes, furniture has NO value. If the seller wants to leave it and it is alright with the buyer, it can be done. Any money that changes hands is outside of the contract.
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