2007-11-07 04:03:54 · 5 answers · asked by : ) 2 in Business & Finance ➔ Renting & Real Estate
No, the furnishings have no effect on the appraisal but they will have on the financing.
If you do not have a separate contract to purchase the furnishings (chattel), the value of the items will be deducted from the maximum loan available.
2007-11-07 04:17:44 · answer #1 · answered by Anonymous · 0⤊ 0⤋
I don't think so. Since the furnishings could easily be removed form the house and will likely continue to depreciate the bank would not likely to recover much of their value in foreclosure.
2007-11-07 12:13:28 · answer #2 · answered by Brian A 7 · 0⤊ 0⤋
No. And they cannot be part of the purchase transaction...that is no consideration can be given in return for holdhold goods or furnishings on a real estate purchase contract. I've processed loans at 4 different lenders and none of them would allow that.
2007-11-07 12:12:44 · answer #3 · answered by Debdeb 7 · 3⤊ 0⤋
think for a min. would the furnisher last til the payments do?if you think not,then its no,and if you think yes,then it might be posible
2007-11-07 12:15:23 · answer #4 · answered by THE"IS" 6 · 0⤊ 0⤋
no
2007-11-07 14:43:20 · answer #5 · answered by Anonymous · 0⤊ 0⤋