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So How Much For The Furniture? Do We Negotiate That In The Contract?

So how much for the furniture? Do we negotiate that in the contract?

It isn't often that I am asked about the furniture here in the Crystal Beach/Palm Harbor Florida real estate market but it does come up from time to time and the rule of thumb in our area is that the furniture has ZERO value as far as the contract is concerned. If the buyer and seller want to negotiate on their own about any specific pieces of furniture, that is up to them but as far as the contracts that we Realtors use here in Florida, property has ZERO value.

Let's think about it for a minute.......that really does make sense. If you attempt to sell your furniture, you are going to only get pennies on the dollar, no matter how great it may be. When seller's are leaving the furniture behind they usually say that the buyer can negotiate the furnishings with them - outside of the contract - or more typically, that the place comes furnished. Often the buyer doesn't WANT the furniture and a local charity is called to come and pick it up. Whatever the case may be, your Realtor does NOT negotiate furniture.



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Barbara-Jo Roberts Berberi, MA

Charles Rutenberg Realty

Serving the Greater Palm Harbor Florida Area, including Crystal Beach, Ozona, Clearwater, Dunedin, Safety Harbor & Tarpon Springs Florida & surrounding area

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Comments(14)

David Grbich
Realty One Group - www.FindCARealEstate.com - San Juan Capistrano, CA
Orange County Real Estate - 949-500-0484

Great post - best handled outside of contract as it greatly complicates a sale especially if financing is involved.

May 23, 2012 01:03 AM
Jerry Newman
Brown Realty, 210-789-4216, - San Antonio, TX
Texas REALTOR, San Antonio Military Relocation

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.

May 23, 2012 01:16 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

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.

May 23, 2012 05:09 AM
Florida Tolbert Team Keller Williams Advantage
Keller Williams Advantage III Realty in Lake Nona - Orlando, FL
Keller Williams Land Luxury Division Specialist

Correct.  Furniture means nothing to me as a Realtor.  You want to sell that it is your business and not mine.

May 23, 2012 12:52 PM
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

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.

May 23, 2012 09:28 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

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!!!!

May 23, 2012 10:54 PM
Lawrence "Larry" & Sheila Agranoff. Cell: 631-805-4400
The Top Team @ Charles Rutenberg Realty 255 Executive Dr, Plainview NY 11803 - Plainview, NY
Long Island Condo and Home Specialists

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.

May 23, 2012 10:59 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Absolutely, Larry and Sheila - no reason to muddy the waters.

May 24, 2012 01:28 AM
William True
True Sarasota Real Estate - Sarasota, FL
Sarasota Real Estate

Barbara-Jo, another great post -- suggested.  You are right-on --- always best to keep furniture as a separate entity.

May 24, 2012 01:49 AM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

Thanks, William! I appreciate your comments!

May 24, 2012 02:00 AM
Gita Bantwal
RE/MAX Centre Realtors - Warwick, PA
REALTOR,ABR,CRS,SRES,GRI - Bucks County & Philadel

Barbara-Jo, Good post. Buyers and sellers can negotiate the furniture separately as it is not part of real estate.

May 24, 2012 08:08 AM
Charlottesville Solutions
Charlottesville Solutions - Charlottesville, VA

Certainly an important fact to remember. The lender does not want to finance furniture!

May 24, 2012 10:15 AM
Dale Baker
Baker Energy Audits and Commercial Properties Inspections - Claremont, NH
New Hampshire Relocation Real Estate Information

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

May 24, 2012 02:29 PM
Barbara-Jo Roberts Berberi, MA, PSA, TRC - Greater Clearwater Florida Residential Real Estate Professional
Charles Rutenberg Realty - Clearwater, FL
Palm Harbor, Dunedin, Clearwater, Safety Harbor

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.

May 25, 2012 12:35 AM