Doesn't look like it's going to work unless it's a short sale and I doubt you can even close a short sale with a tax lien. I would suggest that you contact a real estate attorney in Gwinnett county to determine the best legal course of action and then find an experienced full time REALTOR to assist you. Best of luck.... more
If you're buying a home and putting anything on the offer or contract that will come with the house, use a personal property bill of sale form. List out the items, make sure to put $0 value next to each piece. Very important. Don't leave blank, our the bank has the option of going in and assigning whatever value they want. This can cause problems.... more
The answers here are correct, but let me throw something in. You'll need to do a Personal Property Bill of Sale, write down the items included, and make sure to have the prices at $0. If necessary, roll the price of the furniture into the price of the house, if you haven't submitted that contract already. The reasons for this are multiple. One, and it's not a tax issue on your end, since you don't need to worry about that unless you're actually making money on your furniture above and beyond what you originally paid for it, but it is a loan issue. It can affect the terms and down payment amount of the loan. Also, it just muddies the waters, so it's generally easier to keep it simple and let the furniture go for free.
Of course, if the contract is already done and submitted, and the buyer is paying cash for the furniture, then it's really not that difficult, just do the contract and call it a day, just don't submit it with the other paperwork. It's technically none of their business. And again, unless you're actually making money off the furniture, no tax implications.
Just to cover my butt on this, check with an accountant, but I'm pretty sure I'm right on the tax part....... more
FYI.......the lender will not finance personal property(your furniture/appliances, etc.). If you add the $ amount you think the furnishings are worth to the home's price, will it appraise for that much more? Usually the answer is NO. If it did, then it is illegal to do it anyway. Be careful... more
Be direct and get your cards on the table. If open houses are important to you make sure your agent understands this. If you have already made this clear to him/her, consider talking with their broker if they are not following through on their commitment to you.... more