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Law Office of Randall A. Fischer P.A. At Stuart

2100 SE Ocean Blvd #203, Stuart,
Martin, Florida 34996
Phone: (772) 463-7737


Randall A. Fischer, P.A.

725 SE Port St Lucie Blvd #206, Port St. Lucie
St. Lucie, Florida 34984-5232
Phone: (772) 463-7738


Randall A. Fischer, P.A. Law Office At Jupiter

1080 East Indiantown Road #104
Jupiter, Florida 33477
Phone: (561) 316-7111


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Should furniture be included in a contract to purchase real property?

Should furniture be included in a contract to purchase real property?

Real Estate Lawyer serving Jupiter, Stuart and Port St. Lucie Fl

Often in Florida, condominiums and residential homes are sold furnished.  The listing price may or may not include the furnishings.  If you are considering purchasing a furnished residential home or condomium or requesting the seller to sell some of the furnishings in a home, the best practice is to have a separate contract for the personal property.  There are many reasons for this practice.  First, any value given to the furniture and added to the price of the real property could create financing issues.  If the appraisal, which does not include personal property is less than the contract price, the financing may not be approved.

Another issue is the contract price for the property is value of the property.  Property taxes, document stamp taxes use the contract price of the real property to determine how much to assess.  Adding tangible items to the value of the real property will artificially inflate the value of the real property and could end up quite costly.

Issues with the furnishings can interfer with the pupose of the contract, the contract is to purchase real property.  If an issue arises regarding the purchase of furnishings, in the event it is separated from the contract to purchase real property, it will not interfere with the real estate transaction.   It is simply not a good idea to include the furnishings in contracts to purchase if it can be avoided.

Thank you so much for visiting my website.  If you have any questions, please do not hesitate to call.  I do offer free office consultations.

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