Q&A


Selling a furnished property?

Asked by: mfoster

3rd December 2007

Some of my friends have suggested it's worth selling a property fully furnished as it will entice prospective buyers who don't want the initial investment required in kitting the place out.

Will this make my property more appealing to buyers and what does it mean for me? What level of furnishing should I leave behind?

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  • DavidH

    30th January

    Asked 3 questions

    Answered 35 questions

    Hi - I think you have three options, leaving it fully furnished, part furnished or empty; my view is that you will maximise the potential market pool by offering it part furnished (ie include white goods etc) but leave yourself flexible to take out or leave at your Buyer's reasonable request.
    When the market heats up you can, of course, do it the other way around. Agree a price for the property, and then charge a premium for the white goods if the Buyer wants them. Equally putting a premium on chattels is a possible way to get around stamp duty, ie agree a price for the house and a second price for other stuff. Only the house would incur stamp duty.

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  • mfoster

    1st February

    Asked 4 questions

    Answered 2 questions

    Thanks DavidH!!!

    But what is a chattel?

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  • DavidH

    7th February

    Asked 3 questions

    Answered 35 questions

    ouch - it means stuff that isnt' nailed down..

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