How to Sell a House Full of Furniture Quickly

Are you considering selling your home fully furnished, but need to sell as quickly as possible?

Selling a home with furniture can make the process easier or more difficult, depending on your situation.

Find out more about the pros and cons of this type of real estate sale below.

There are many tips on how to sell a home quickly, but what about a fully furnished home? While you might think including furniture can help your house sell fast, sometimes, furnished homes can be a deterrent to buyers.

Before starting on the sales journey, it’s important to team up with an experienced real estate agent to ensure you create the best sales strategy for selling your home. Your agent can also provide insight on how to sell your home fully furnished, quickly.

Why sell a home full of furniture?

Moving is one of the most stressful situations anyone will have to deal with in life, and the prospect of lugging heavy furniture can make the process feel even more overwhelming. What if you could just pack up your necessary belongings and leave the rest?

Many sellers love the idea of starting fresh and purchasing new furniture to match their new home’s style. As a result, they leave their existing furniture in the home they’re selling.

Other sellers might love their current furniture, but may be faced with the expensive costs of moving a household full of heavy pieces across the country. Not only can moving these items delay the sales process, but they can also create more stress for sellers who are left to oversee their move.

Whatever the reason may be, selling fully furnished homes is quite common and can be done much more easily than you think.

Tips for Selling a Fully Furnished Home Quickly

If you think leaving your furniture behind would make the moving process much simpler, here are some tips on how to improve your chances of selling a fully furnished home.

1. Pair Down Your Belongings

While you might love every piece of furniture in your collection, when showing a home, it’s important to allow the buyers to see the home as customizable. Keeping the sofa and curtains might help them visualize decorating your living room in their own style while keeping every piece of furniture (your beanbag, TV stand, and buffet) might make the room feel too crowded.

It’s also important to determine which pieces of furniture are in great condition, in style, and fit with your home’s overall flow. Anything worn, slightly damaged, or out of date should be removed.

Don't forget to make a full inventory of the furniture included in the sale, as it will be part of the sales contract. Your real estate agent can help you with this, to prevent later discussion about what was included or not.

2. Stage, Photograph, and Market Carefully

Many sellers worry that having furniture inside of their home will cause their home to look smaller. The truth is, having a well pared-down selection of furniture actually makes your home appear larger and allows buyers to discover the many different ways they can configure the existing furniture or create their own custom look.

Getting help staging your home so that each piece of furniture is in the right place is important and can help your photographs pop when listed online.

Since staged homes sell faster, staging with your own best pieces of furniture can save you money on this step. If there’s a particular piece that’s an eye catcher, it could convince a buyer to purchase your home if they know that item is included.

3. Set the Right Price

Many sellers think since they’re leaving their furniture behind, they can jack up the price of their home. Unfortunately, this isn’t always the case. While you can usually increase the price, slightly, asking for too much more can be a mistake.

Why? Many buyers aren’t attached to your furniture items and may not even like your particular style. This means most buyers will feel like they’re doing you a favor by taking this furniture off your hands.

Talk with your real estate agent to determine the best listing price for your furnished home.

Next Steps

While it’s certainly possible to sell a fully furnished home quickly, partnering with a successful real estate agent who understands your local market and who can provide advice on furniture arrangements can improve your odds of selling your home quickly and for top Peso.

Residential Real Estate Prices Edge Up in Q4 2020

​Nationwide residential property prices increase in Q4 2020 relative to prices in the previous year and a quarter ago

After a steep decline in the previous quarter, residential real estate prices of various types of new housing units in the Philippines recovered in Q4 2020 based on the Residential Real Estate Price Index (RREPI). House price growth reverted to the positive territory as RREPI rose by 0.8 percent year-on-year, and by 2.4 percent quarter-on-quarter.

By area, residential property prices expand y-o-y in Areas Outside NCR (AONCR), but contract in NCR

The positive y-o-y growth in the overall residential property prices was driven mainly by those in AONCR, which grew by 5.9 percent relative to Q4 2019. Prices across all types of housing units in AONCR, except for the prices of condominium units, rose in Q4 2020.

By category of housing units, residential property prices climb y-o-y across all types of dwelling, except for condominium units

Prices of duplexes, townhouses, and single detached/attached houses rose in Q4 2020 by 20 percent, 16.1 percent, and 4.7 percent, respectively, while prices of condominium units contracted by 8.4 percent in Q4 2020. This is the second consecutive quarter that condominium prices declined. The decrease in the prices of condominium units in both NCR and AONCR may be attributed to the postponement of new launches by developers and lackluster demand for transient dwelling amid the pandemic.

Source: BSP

Manila’s appeal as property investment site declines

Manila dropped two spots to 19th in a ranking of city investment prospects in the Asia-Pacific for 2021, a joint report from the Urban Land Institute (ULI) and PricewaterhouseCoopers (PwC) said.

The 2021 Emerging Trends in Real Estate report said that Manila’s prospects as a real estate investment destination have dropped over recent years. The Philippine capital ranked as high as third in 2017, then dropped to 18th a year after.

Ranking 19th out of 22 cities in the region, Manila was classified as having “fair” investment prospects this year.

ULI said Manila had fallen in the rankings due to “Southeast Asia’s reputation as a high-risk play in times of global recession.”

Topping the list this year are Singapore, Tokyo, and Sydney.

Overall scores in 2021 are not too different from the previous year, ULI said, likely due to the cities’ effective pandemic containment measures, and profitable investment opportunities.

Real estate investors said their top concerns for this year include the impact of the pandemic on property values, economic growth, trade or geopolitical tensions, and vacancy rates.

In the ULI report, Manila ranked 13th in the city development prospects ranking and 20th among cities most likely to see rental growth this year.

ULI said that there are lower scores overall for city development as developers weather “questionable” demand during a region-wide recession.

Future office demand, it added, will be decentralized to reduce commutes, which means satellite cities like Clark could signal some real estate growth in the Philippines.

“The Philippines is a good example of this, with moves afoot to establish new satellite cities, such as Clark, on the periphery of Manila, as a way to relieve the demographic stress,” ULI said.

ULI Philippines Chairwoman Jean Jacquelyn de Castro noted the decline in the country’s investment prospects ranking over recent years.

“Building back investor confidence will require stakeholders to work closely with the government to improve the attractiveness of Philippine real estate as an investment class,” she said.

Real estate services firm Santos Knight Frank Chairman and Chief Executive Officer Rick M. Santos said that the Philippines can have real estate opportunities in logistics, data centers, and industrial sectors.

With megatrends such as e-commerce growth, decentralization outside Metro Manila, and continued outsourcing and BPO (business process outsourcing) expansion in the Philippines, we expect to see a soft rebound in the real estate market as the economy gradually recovers.

Full Report: he 2021 Emerging Trends in Real Estate Asia Pacific

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Source: ULI and BWOnline