Value of second hand furniture (option to buy with a house sale)

Awkwardstroke

A quick question, I have been given the option to buy second hand furniture (in-situ) with a house purchase. Its effectively the entire furniture in a 3 bedroom house, of pretty good quality & condition. I estimate this furniture to be approx 5+ years old.

Does anyone have any useful rule of thumb estimates for pricing such furniture?
(ie 50% of original price etc)

While I understand that charity shops & done deal are full of adverts for second hand furniture, the convenience of buying like this is a factor (plus the fact the furniture is reasonably well matched with the interiors).

I have the option of buying individual items too.

any thoughts or reflections are welcome!

listermint

Personally I wouldn't take any of it unless it was antique and then it would be off to specialist auctions

Sparkey84

furniture does not hold value well. you would be in a very strong negotiating position. if they selling a house today they likely gouging a healthy profit from you unless bought between 2005 - 2008. on donedeal a high quality sofa of 5yrs will fetch at most 1/4 retail price. tables a bit better maybe 1/3. buy it but play hard ball. offer 20% of original price if you really like the stuff. and then say ok you can move it all so if not accepted, they obviously have storage issues and when they look into cost of moving/storing it 20% will look very good.

PalLimerick

20% maximum if in great condition. You are the buyer, they need it gone so if you don't buy it they have to move it and store it which all costs money. You might even go to 15%.

alias no.9

It's very unlikely that they could sell it for much more than the cost of moving it and storing it for a period of 4 to 6 weeks. Only take what you actually want and make a very low offer.

sharpish

Awkwardstroke wrote: »

A quick question, I have been given the option to buy second hand furniture (in-situ) with a house purchase. Its effectively the entire furniture in a 3 bedroom house, of pretty good quality & condition. I estimate this furniture to be approx 5+ years old.

Does anyone have any useful rule of thumb estimates for pricing such furniture?
(ie 50% of original price etc)

While I understand that charity shops & done deal are full of adverts for second hand furniture, the convenience of buying like this is a factor (plus the fact the furniture is reasonably well matched with the interiors).

I have the option of buying individual items too.

any thoughts or reflections are welcome!

Don't offer a premium for the convenience factor, it's very convenient for them too!

A quick glance at adverts will give you guide prices, add all the bits up and round it down?

looksee

I got a houseful of furniture for free with the house (which I had also negotiated down a bit). I disposed of about half of it, but the maybe dozen or so items I kept were pretty good, so they cost me the price of a skip for the rest (mattresses are a bind to get rid of). It wasn't organised quite as tidily as that, but on balance that's how it worked out.

Sparkey84

looksee wrote: »

I got a houseful of furniture for free with the house (which I had also negotiated down a bit). I disposed of about half of it, but the maybe dozen or so items I kept were pretty good, so they cost me the price of a skip for the rest (mattresses are a bind to get rid of). It wasn't organised quite as tidily as that, but on balance that's how it worked out.

got rid of 2 mattresses while ago for €18 very quick and easy. bring them whole to a metal recycling plant, once there cut off the fabric 5min per unit. you can't cut fabric off first as it will scratch roof of car then. the metal recycling place will take the springs, roll up the matieral/foam into the exact size of the hole in your local petrol station trash compactor and call by that on way home. it did take 3 tokens €6 each. whole round trip took 30min once i got to town.

Awkwardstroke

Thanks everyone,

some useful feedback and perspectives there.

Alkers

Agree with the above, if the offer it to you, they're probably having to get rid which can be a lot of hassle. Unless it's really nice, I'd super low ball it and be prepared not to get it.

We did this for a few items when buying, sellers rejected our offer, then left them in the house anyway

endacl

“Leave it behind if you don’t want it, but you’ll have to knock a few hundred off the price of the house to cover the cost of getting rid of it”.

Then keep the bits you want and chuck the rest.

Awkwardstroke

In the good old days of lower house prices and negative equity that approach might have been grand yet with a crazy market at present I’m cautious as to piss off a seller...they might just easily find someone else

endacl wrote: »

“Leave it behind if you don’t want it, but you’ll have to knock a few hundred off the price of the house to cover the cost of getting rid of it”.

Then keep the bits you want and chuck the rest.

1641

alias no.9 wrote: »

. Only take what you actually want and make a very low offer.

It is quite likely they won't go for this. Moving and storage will be fairly similar for half as for all and they don't want the inconvenience. You will probably get a better overall deal by taking it all (maximum 10% -20% of original price) and disposing of what you don't need through time. That is if it suits you to have the furniture. I wouldn't take it with a notion of selling it on.

ebayissues

Having a boit of furniture in the house is much better than an empty shell especially if 1 - cash is tight 2 - you'll do it up a bit.


Offer the lowest you can and look up how much its to buy brand new and even 2nd hand on adverts.