Should You Sell Your Home Fully Furnished?

#sellyourhome

Leaving your furniture behind for the future owner is a big decision and not one that should be made lightly. To help you make up your mind, we’ve listed some pros and cons:

PROS

Furniture makes your home seem more inviting

If people can clearly see how furniture will appear in the home, then they can envision themselves living in it too. They don’t have to worry about how their furniture will fit in the room, how they’ll store it in the meantime or what they’ll keep and what they’ll sell.
Instead, they can save their energy for things that matter: enjoying their new home once they’ve moved in.

Furniture gives perspective

Your prospective home-buyers can get a better feel for the value of the home if they can see furniture in it. Without furniture, a room can look small, but with furniture, that illusion is removed from the equation.

What’s more, some rooms in your home may have unusual shapes – they could be atypically long or have a corner cut off by a fireplace. Furniture can put your prospective home-buyers at ease. They don’t have to do as much problem solving to determine how their own furniture could fit in the room if yours is already in it.

If people can clearly see how furniture will appear in the home, then they can envision themselves living in it too. They don’t have to worry about how their furniture will fit in the room, how they’ll store it in the meantime or what they’ll keep and what they’ll sell.
Instead, they can save their energy for things that matter: enjoying their new home once they’ve moved in.

The right places need the right furniture

Is your home in a popular vacation area? If you live in Hawaii, New York, California or Colorado, then you should seriously consider selling your home with furniture included. It’s possible that your prospective buyer has no intention of living in your home themselves. They may consider renting it to tourists.

What better selling point can you offer than a home that has furniture for your prospect’s future guests?

CONS

Furniture may mask home issues

Something magical happens when you pick up all your belongings and move them somewhere else: you find all your lost belongings, but you also get a clear glimpse of all the repairs that need to be made in your home. If you plan to sell your home furniture included, you may miss all the repairs or upgrades that need to be made in order to make your “product” what it could be.

Furnished homes can have bad appraisals

It’s possible that an appraiser may mis-estimate the value of your home if your furniture is another amenity. If your furniture appears cheap to your appraiser, this perception may lead them to lowball your asking price, losing you money in the deal. If your furniture is on the expensive side, your appraiser may inflate your asking price. This could scare off prospective buyers.

Selling your home can be stressful. You don’t have to do it alone. Call us for assistance today.

How do Consumers View Housing? Part 2

BUYING AND SELLING
3. Home Price Expectations  The dividing line between buyers and sellers is likely one of home prices, and indeed, the HPSI found that very few consumers expect prices to decline in the coming year.  43 % who think they will continue their ascent. The question that keeps popping up is when will be the best time to buy and the best answer is now of course!
 
4. Mortgage Rate Thoughts  Another area is mortgage rates, where consumers are similarly united in their expectations. 49% think rates will rise in the next 12 months, while only 5% think they will decline.
Although consumers expect mortgage rates to rise, a majority still think it would be relatively easy to get a mortgage, with 52% of respondents voicing that view (compared to 45% who think it would be difficult). Furthermore, consumer views towards the mortgage market have trended positive the last two years.
5. When is the best time to sell ?
So we ask the question of predicting the Housing Market where Sellers are concerned and we as confronted with wondering when is the best time to sell? The off season brings some important factors to consider like less inventory means less competition. Another important consideration is Buyers out the looking this time of year are serious and motivated. This creates a second market and avoids the spring market rush with increased inventory.
 
www.BOBSHOMES.net
Bob Idakaar GRI
WEICHERT REALTORS
973-713-2377