Are you looking to sell your house, but it’s furnished? Don’t worry, you’re not alone. Many people choose to furnish their homes before putting them on the market, and sometimes they just can’t take everything with them when they move. Furniture can be a big expense, so you’ll want to make sure you get the best price for it.
Here are a few tips for making sure you get the most money possible for your furniture, and you’re able to do it quickly.
When Does Selling A Furnished House Work?
It’s no secret that selling a furnished house can often be more difficult than selling an empty one. Furniture and other belongings can clutter up a space and make it appear smaller and less inviting to buyers. However, there are times when selling a furnished house can work in your favor.
Many people wonder when it is the best time to sell a furnished house. Some believe that selling a furnished home is more difficult because it can be hard to show the full potential of the property. Others think that selling a furnished home makes it more convenient for the buyer and can speed up the sale process.
The furniture has to be in very good condition and must match the decor of the house. If the furniture doesn’t look good or is damaged, the seller will likely discourage the sale (as the furniture will be seen as another chore the buyer will have to deal with after the sale). The furniture must also be chosen and placed very carefully so it shows the potential of the space and doesn’t look cluttered.
Many believe that selling furnished is a better choice than selling unfurnished since it will avoid potential disputes between buyer and seller over furniture. Many buyers don’t want to use their own furniture or appliances with a house, so sellers might be able to get more money by selling their house.
What Kind Of Buyer Is Attracted By A Furnished Property?
Are you looking for a furnished property? If so, you’re not alone. A growing number of buyers are drawn to furnished properties for a variety of reasons. Whether you’re a student wanting a place close to campus, or a busy executive who doesn’t want the hassle of moving furniture, a furnished property can be the perfect solution.
Many people are looking for a furnished home as an easy alternative to staging their current home. In a buyer’s market, you can use the lack of stock as a bargaining chip with your current landlord. Homeowners tend to have very fixed ideas about what they want in a house, so being able to walk into something that already feels like “home” is a big plus for some.
Another type of buyer that will be interested in a fully furnished property is someone buying a holiday house, or a holiday rental. They do not plan to use it as a primary residence, so having everything ready to be used is convenient. Additionally, first-time buyers who don’t want to purchase a house-load worth of furniture at once may also be interested in buying the furniture.
Whether you’re selling a home with existing furniture or just looking to get rid of the old, there are many options for how this aspect of the sale will play out. It’s advisable that you speak with your real estate agent about your goals and concerns to ensure that you work together on finding the best solution for your unique situation.
Pricing Your Furnishings
When pricing your furnishings, there are a few key things to keep in mind. The first is that you want to make sure you are making a profit. Second, you need to consider how much your furniture is worth to the customer. Finally, you’ll want to research what other businesses are charging for similar home items.
Decide on an amount you want to receive based upon what your furnishings are worth. A good rule of thumb is that they should be at least 20 percent higher than what you paid for them. If they are priced too high, most customers will not be interested in purchasing them. If the pieces are priced below fair market value, you could be leaving money on the table. Remember, if people can purchase used furniture from other retailers or private sellers, even ones that aren’t as trustworthy as your business, it’s very likely that they’ll go with one of those options instead because it’s cheaper and less hassle.
The price point doesn’t have to be exact though; this is just a rough guide. As you’ll find out below, the price of each piece depends on a number of factors. If you have an idea in mind or are looking for inspiration, here is a list of average prices charged by stores in the US for certain types of contemporary furniture.
On average, living room packages range from $500-$5,000. Kitchen packages usually start at around $1,500 and go up to around $10,000 depending on what’s included. Bathroom suites range from around $150 for a cabinet-and-sink combo to about $6,500 for a bathtub, sink, and mirror/medicine cabinet set. Bedroom suites can cost anywhere between $200 just for a basic bed to over $10,000 for a bed, nightstands, and dressers.
Why Should You Price The Furniture Separately?
It’s no secret that when you’re selling furniture in your home, you should price it separately. But why is that? Initially, it is easier to price furniture separate from the house. The property itself can be compared to other local sales whereas furniture will likely be unique and could be mispriced that way. Some of the property’s value is also in its contents, so some things should be left out if they are not included in the price.
Houseware items like dishwashers, stoves, refrigerators, etc. can be priced separately but it is preferable to price them all together as a lot of times potential buyers will want the complete package. Anything that doesn’t go with something else is usually best priced separately.
Pricing furniture always sounds simple enough but there are some nuances you need to keep in mind when doing so. Some pieces don’t necessarily integrate well with others and could potentially lower your sales potential. On top of that, many people looking for second-hand pieces may only be interested in one or two ones anyway making it even more important to price them separately.
Don’t make the mistake of pricing your stuff as one big lot if you don’t want to risk having items that will not sell together. Of course, there are always people who will buy anything but they are few and far between, especially for furniture pieces.
Summary
It’s no secret that selling a furnished house can be more difficult than selling an unfurnished one. Furniture and other possessions add extra weight to the sale, and can often make it harder for potential buyers to see the home as their own. That’s why it’s vital to make sure the furniture is priced correctly, and also why any leftovers need to be priced separately.
Selling your furnished home comes with a lot of behind-the-scenes work, and recently, homeowners are looking to sell their homes as fast as possible. Maybe they’re moving out of state and need to liquidate their assets, or maybe they’ve experienced a life-changing event that requires them to relocate immediately. In some cases, homeowners may simply want to avoid the hassle and time commitment of staging, cleaning, and repairing their home in order to list it on the market.
If you’re seeking a fast sale, consider working with a cash buyer. Cash buyers are investors who purchase properties for cash, typically without requiring any repairs or inspections. This can be an appealing option for sellers who want to avoid lengthy closing processes and are comfortable with receiving less than market value for their homes.
Simple Sell Home Buyers is the business to contact if you’re seeking a quick and easy solution. We buy homes for cash and don’t require any repairs or renovations in order to close the deal. If you are interested in getting into contact with us or to schedule a home tour, give us a call at (+)1-516 603 5748.
Image Credits
Domain / Google Stock Images
OpenBravo / Google Stock Images
Bob Vila / Google Stock Images
The Furniture Concierge / Google Stock Images
Outschool / Google Stock Images
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