Question Details

SMG, Other/Just Looking in 75093

The strangest thing happened. Someone may be interested in my home. No offer yet, but wants an itemized list

Asked by SMG, 75093 Thu Mar 20, 2008

of what furniture I would be willing to sell?? This sounds insane to me! It would be different if they specified what they may be interested in, but they want a list and haven't even made an offer on the house!! I need to know how you realtors would have handled this for your client. Am I insane for thinking this is a way to barter the sale of the home???

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In Marin, CA, the sellers are required to give HOA documens such as CC&R, bylaws, financial statements, 12 months of HOA meeting minutes, etc to the buyers. Those would be paid for by the sellers but that's Marin. Your Realtor should know what's customary in your area.

I think you handled it right with your Realtor saying that since there is no offer on the house yet, you are not thinking about if and when you might sell any personal items. .

Purchase price on the house should be separate from the personal items. As far as i am concerned, if I am sellng my house today, and there is nothing that I have to keep; if the offer is outstanding, I'd go out and get all new furnitures for ourselves and give away what's here. But short of a solid offer, all bets are off. However, don't get upset over this. Treat it as a business request and handle it as such. You do want to keep good relationship going with this 'prospect' .

I am sorry about the situation you are in now, i wish you best of luck!

1 vote Thank Flag Link Sun Mar 23, 2008
Sylvia Barry,…, Real Estate Pro in Marin, CA
I wouldn't give them a list. I would want them to make an offer first and tell them that you can negotiate the funishings sepated afterwards. I think they are trying to get you to leave things in the house for free as part of the purchase price.

As far as the by-laws, you should have a copy already from when you purchased the house. A copy of the resale certificate will be given to them after they are under contract. That cost is about $250 from the property management team of RR.

Web Reference:
0 votes Thank Flag Link Fri Mar 21, 2008
All the agents I know, and myself, believe personal items should be negotiated separately, after an offer is accepted.
0 votes Thank Flag Link Thu Mar 20, 2008
I told my realtor this morning that we didn't have an offer on the home and it would be premature to list items we would consider selling with the home. She got snippy and did not agree with me.
I am certain that the buyers want to get alot more than my house. Let alone the fact that we have already reduced it so much that we are losing money already. If these people had made a reasonable offer and asked for instance if we could include the whole media room furniture or a bedroom etc. , it would be different. They aren't even being specific to a certain room. They want me to list or tag everything that I may sell with the house and make a low ball offer for it all. After all we are giving our house away because we bought another one that is at stake if we don't sell this one. What a mess. Now they want copies of the HOA bylaws. Am I required to pay for these copies?
0 votes Thank Flag Link Thu Mar 20, 2008
Tell them to make an offer on the home and then discuss the price of the furniture. (Seperate from the slae of the home) The reason is that if the value of the furniture exceeds allowable percentage of the sale price (3% if under 20% financing, 6% over) it will a RESPA violation.
0 votes Thank Flag Link Thu Mar 20, 2008
I would tell them to send any questions they have through their Realtor. There are a lot of people doing strange things out there and it would be best to "pre-qualify" them to make sure they are actually looking to buy a house not just shop for furniture or worse. Good luck
0 votes Thank Flag Link Thu Mar 20, 2008
It sounds a bit odd, but customs vary from area to area, and especially from country to country. For whatever reason, this person may want to buy a furnished house.

Maybe, to simplify things, identify those items that you don't wish to sell. ("Does not convey.") That's typically done with fixtures such as light fixtures and window coverings, but certainly could be done with personal possessions as well. So, you identify those things you're not willing to part with. And your agent tells the buyer's agent that everything else is negotiable.

I wouldn't be overly concerned about the request.

Hope that helps.
0 votes Thank Flag Link Thu Mar 20, 2008
Don Tepper, Real Estate Pro in Burke, VA
In today's market some agents are thinking anything goes if they have an interested buyer! :) But I'd have to agree with your line of thought. Your agent should try to tap into how serious these buyers are and try to get an offer before you go to the trouble of doing this UNLESS you have stated that the furniture is negiotiable somewhere in your home's remarks. If that is the case, an interested buyer may already assume you have this list handy. If nothing else, the agent should have a pre-approval letter to try an make this request sound a little stronger.
0 votes Thank Flag Link Thu Mar 20, 2008
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