There are many reasons why selling your home might be more than you think you can take on right now. Maybe you wish you could take advantage of the current hot seller’s market, but prepping your homes for sale seems full of hassle and inconvenience. Maybe you just aren’t sure what to do with all of your furniture.
Well, what if we told you that you could sell your house… and everything in it? This is called selling a home turnkey and furnished, which means that the property is a move-in ready home that doesn’t require any major repairs or improvements and is livable immediately upon exchanging the keys at closing.
Selling or buying a turnkey home isn’t for everyone, but there are many perks to consider.
Doesn’t it sound enticing to just pack the clothes in your closet and head to your next home? While it isn’t exactly the norm in real estate sales, selling a fully furnished home is becoming increasingly popular as people look to make a clean break from their old things and make the moving process significantly easier.
If you are looking to make a move quickly, selling a home turnkey may be your best bet. It has been shown that presenting a staged listing can help streamline your sale. This also helps buyers to visualize how much space is available in your home, and what living in your house would be like. Now, sellers are taking the next step and actually selling the home with their own furniture as the staging, which gives buyers a home with complete character that they can fall in love with without having to create their own.
Furnished homes for sale are not only move-in ready and convenient, but they also come with tons of potential value. High-end homes especially tend to have extra customizations and attention to detail from the previous owner, who may have even hired an interior designer to furnish the home. These special touches can be a major selling point.
Opting for a furnished home makes relocation easier, saves time and effort, and usually ensures a well-designed space. For these reasons, buying a home that comes fully finished may be appealing to first-time buyers who don’t want or aren’t yet ready to purchase an entire home’s worth of furniture, or out-of-state buyers who don’t want to move all of their things across the country. A turnkey property certainly also has an appeal for many buyers who find decorating to be laborious, especially in more remote locations.
But to get your best return on selling a furnished property, you’ll want to be sure to talk with your real estate broker to determine if your home’s decor is going to help your sale or hinder it.
If your decor is tasteful and appealing, it could be a major asset in helping your home sell. On the other hand, it can be tempting to opt to sell your home furnished if you have dated decor that you don’t want to take with you to your next home. If this is the case, just know that you may need to be very mindful about the price. Don’t expect to recoup the specific value of your furnishings.
Also, remember that tastes can vary dramatically — what is trash to one is a treasure to another — but regardless, spaces should be uncluttered. So while selling a furnished home does offer ultimate convenience, you may still need to do some culling or rearranging to show your home at its best.
And you’ll want to determine your pricing strategy. As all sellers know, there are a lot of variables that go into pricing a home correctly for the local market. Adding decor and furnishings adds a new factor to consider. So it’s important for you and your real estate agent to discuss how you’re going to approach pricing, and marketing, the home and its furnishings.
One approach is to bundle the asking price for the furnishings and home into a single total price. Many sellers, however, find that it is easier to value the home decor that you are leaving separately, and then factor that estimated price in as you and your real estate team get ready to go to market. This allows the price of the property to be one item for negotiation, and the purchasing price of the decor another. The price of the furnishings can then be added to the total amount paid at closing or can be completed as a separate transaction.
Selling a furnished property can be mutually beneficial for you and the buyer. Not only might it help potential buyers to imagine themselves living in the home, but it can also make the entire moving process easier for both of you. Call List With Elizabeth if you’ve been waiting to list your property but want to give selling your furnished home a try!