St Petersburg Short Sales | what about furniture

By
Real Estate Broker/Owner with South Beaches Real Estate Professionals BK 652174

St Petersburg Short Sales | what about furniture.


Excuse me?  Some things never stop to amaze me in a 
St Petersburg Short Sale situation.

short sales St PetersburgWe had the beautiful condo as a Short Sale listing on St Petersburg not too long ago and it had really nice furniture in it.

A few weeks down the road another real estate agent presented an offer and it was spelled out in the offer that “all furniture with an approximate value of $10,000 is included”

We had to read it twice to believe it.

Everybody please take a note, there is a difference between personal property and real estate. Unless for whatever very strange reason the bank gave you the loan with furniture as collateral, the lender doesn’t own your furniture and therefore can’t sell your furniture.  

The St Petersburg Short Sale homeowner as well as a none Short Sale seller can take the furniture with them when they move, they can sell it on a yard sale but please let’s not complicate a Short Sale deal even more by trying to include the furniture.  

 

 The sales contracts we typically use in St Petersburg have standard language like “Personal property is included in the purchase price, has no contributory value, and shall be left for the buyer”  or

“Personal property listed in this Contract is included in the purchase price, has no contributory value and is being left for Seller’s convenience.”

Again, we are selling real estate not personal property. Short Sale or not, you do not put a value on things that the sellers leaves for the buyer.

Selling furniture and selling a house or condo here in St Petersburg are two separate things and two separate deals and should be on two separate contracts.

As  Real estate agents and a Short Sale agents in  St Petersburg  I can only sell real estate not personal property.

Please give me a call 727 410 7777 if you want to list your property or have a question.

St Petersburg Short Sales | what about furniture.

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Re-Blogged 1 time:

Re-Blogged By Re-Blogged At
  1. Heather Milbourn 04/23/2012 02:54 AM
Topic:
Real Estate General Information
Location:
Florida Pinellas County Saint Petersburg
Tags:
short sale foreclosure process in saint petersburg florida

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Rainer
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Linda Edelwich
William Raveis Real Estate - Glastonbury, CT
Glasotnbury Office's #1 Top Producing Agent-not on

I always like to keep the personal property outside the sale of the house..one thing can muddy the other.

Feb 09, 2012 02:16 AM #1
Rainer
91,548
Tanja Cisliek
Future Home Realty - Seminole, FL

I hear you! This gets really hard if the Buyers insist that they want the furniture or they don't want the property, and the Seller insists that "the Buyer can have it if they pay ME for it". Both parties are forgetting that it wouldn't only make the short sale more difficult, but that it is simply illegal for the Buyer and Seller to exchange any money outside of closing! Luckily, a professional Realtor such as you can guide them in the right direction, often clients are uneducated and once they realize the situation, they are ok with not making the furniture part of the deal. But I can't believe you received an offer, where obviously a Realtor wrote it up, that included furniture!!

Feb 09, 2012 02:20 AM #2
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Rainmaker
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Anne Hensel

Realtor - Broker - St. Pete Beach, Treasure Island
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