“I’m moving out of state and talked to moving companies and it’s going to cost a bundle to ship all my furniture. It’s pretty good quality and only 2 years old. Can you give me a rule of thumb for how much extra should I be able to get for my condo if I sell it furnished?”
Answer:
Here’s my rule of thumb: “Not much.”
The odds of the right buyer paying top dollar for both your home and your furniture are slim.
With some exceptions, furniture often ends up being a “throw in” or a sweetener in a home sale, if the buyer even wants it at all.
On average, I’d say to expect to get about 25% of its current value.
One more caveat:
Low appraisals are a common problem right now. And appraisers are not allowed to include personal property (furniture, etc.) in their appraised value. So if you get $10,000 more on your price for your furniture, the appraisal may come in low, leaving you with a problem.
