Home Selling in Sarasota>Question Details

Dennisec3, Home Buyer in Naples, FL

Thinking about selling my condo. Is it better to sell furnished or unfurnished?

Asked by Dennisec3, Naples, FL Sat Nov 24, 2012

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John Walin’s answer
Lenders do not like personal property included in the purchase price and will probably want an afidavid that the furniture is of zero value and the appraisal come in as if it was vacant.
0 votes Thank Flag Link Sat Mar 2, 2013
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0 votes Thank Flag Link Sun Jul 14, 2013
Selling a home furnished can be an advantage or disadvantage, depending on the condition of the furniture and the needs and personal tastes of the buyers. A new home artfully decorated with designer furniture has more appeal than a house filled with worn and outdated furniture. Consider hiring someone to stage your home if your furniture is outdated. When a home is furnished the buyers can actually visualize how their furniture will fit in the space and they begin to mentally move into the home.

Coldwell Banker
Residential Real Estate
Tara Miller, Realtor
11215 State Rd 70 East, Suite #105
Lakewood Ranch, FL 34202
(941) 373-5363 Mobile
(941) 739-6777 Office
(941) 739-6670 Fax
0 votes Thank Flag Link Sat Mar 2, 2013
I think you would have a better chance of selling it furnished in Florida then many other areas of the country. Florida is a highly desirable vacation place and seasonal getaway for many. It will also depend on the buyer that's interested. I would offer it as both but don't factor the furniture into the sales price, it's not real property.
0 votes Thank Flag Link Sun Nov 25, 2012
As others have said...."It depends."
Sold a condo 'furnished' in 8 days last week. The furnishing were good quality, the decor exceptional, the condo SPOTLESS! Selling a 'turnkey' condo in a community frequented by snowbirds has real benefit. However, be very aware, the furnishings are not reflective of the condo value but CAN be a incredible incentive to purchase, NOW, at full price. Since it's a condo it will be a cash purchase so there will be little concern for appraisal and content conflicts.

The condo in which I referred earlier received an offer from a Zillowite at 61% of list value, followed by an immediate offer at 73% and last offer at 85% of list price. Two hours later, list price offer, SOLD!

Note: If a consignment shop won't take your furniture, it may not represent real value.
Best of success in selling your Sarasota condo.

Annette Lawrence, Broker/Associate
Remax Realtec Group
Palm Harbor, FL
0 votes Thank Flag Link Sun Nov 25, 2012
We advise that you offer the condominium NOT furnished in order to list at the most appealing to the most potential buyers. That way pricing can be consistent with market value for the unit alone.

However, if you are willing to offer the furniture, then mention in the remarks that the furniture is available but not included. That way, a buyer who wants to purchase a furnished unit will know that is a possibility, especially if the furniture style appeals to the buyer. However, other buyers will prefer to furnish themselves so then including the furniture does not discourage that buyer because they don't wish to pay extra for the furnishings.

Some buyers do want the convenience of a furnished unit especially investor - buyers who favor "turn-key units. Some buyers have their own furnishings and / or prefer a style that differs from yours.

Whenever possible, though, leave a unit furnished for showings because a buyer can better visualize the space and how to arrange furnishings. Unfurnished units require extra visualization skills from a buyer and also unfurnished units appear smaller.

Good luck with your sale!
0 votes Thank Flag Link Sat Nov 24, 2012
It depends on what community your condo is located in, how nice the furniture is and if you are planning to sell it with the furniture or selling the furniture under a separate contract. There are investors buying condos that prefer to have them furnished and then they can turn around and rent them out. Snowbirds that come down short term also like furnished units. It would also depend on the rental restrictions in your community. If the rental restrictions are very limited, then you may want to sell it unfurnished to someone that would be a year round resident. You need to meet with a Realtor and discuss your options.

Tammy Hayes, Realtor
Green Lion Realty
0 votes Thank Flag Link Sat Nov 24, 2012
It depends on the condition of the furniture & whether your condo is most likely to be purchased as a retirement/second home or as rental/investment property. I would not go out & buy furniture just to sell the condo furnished. I have sold condos both furnished & unfurnished. It is highly unlikely that you will net additional money for having furniture unless it is high-end, as in a luxury condo.
0 votes Thank Flag Link Sat Nov 24, 2012

Most people have their own furniture; they won't want yours.

However, work with your Realtor on the amount of staging to do. Vacant properties tend to be more difficult to sell for a variety of reasons. Rooms look smaller. The flaws may be more noticeable. People have a difficult time imagining where their furniture will go. So: Put it on the market with furniture (though perhaps less than is there now). But sell it unfurnished.

Hope that helps.
0 votes Thank Flag Link Sat Nov 24, 2012
Don Tepper, Real Estate Pro in Burke, VA
When we sall a piece of Real Estate with Personal Property in it; it can complicate the sale; it can also make it more attractive.
The usual practice is to attach "no value" to the personal property along with no warranty attached. This is to protect the seller.
I would suggest keeping the flexibility in your hands; do not put any mention of the personal property in the Listing, but notify your Listing Agent of your thoughts: That way, the Personal Property can become a bargaining chip, or a bonus. If the P.P. is "worth" $10,000; would you rather knock $10,000 off the price, or give them the P.P.? Or, possibly, you could make a few bucks on it.

The ideal situation for us, is to show the condo with some furnishings, (not too much) and Vacant.
0 votes Thank Flag Link Sat Nov 24, 2012
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