How are the furniture of a dwelling evaluated during a real estate sale?

the furniture of a dwelling evaluated during a real estate sale

When selling a home, it is common for furniture to be sold at the same time to the buyer. It is then interesting for the buyer to distribute the selling price between the two to reduce the notary fees.

Distribution of the selling price between furniture and housing

When a sale covers both a dwelling and furniture, that is objects intended for everyday life (tables, beds, paintings, etc.), the purchaser has every interest that the bill of sale mentions a selling price distributed between the property and the furniture. In fact, the fees payable for furniture are lower than those applicable to real estate. If no estimate of the furniture is made in the deed of sale, the registration fees are thus collected on the totality of the price at the rate applicable for the dwellings. If the property is sold with a kitchen, know that this kitchen is considered a real estate if the support walls are damaged in case of withdrawal of the latter.

Good to know

In the context of a succession, the furniture may be valued on the basis of a detailed and estimated declaration of the heirs without the overall value being less than 5% of the gross value of the other property of the deceased. 

The evaluation methods of the furniture

In order to reduce the invoice for the purchaser and to avoid any questioning by the tax service, the valuation of movable property must comply with the following conditions:

  • a particular price must be attributed to each piece of furniture in the bill of sale,
  • the furniture must be designated and estimated article by article. It is specified that objects of the same nature can be evaluated globally.

The goods are valued at their market value, that is, at their price on the second-hand market. Your real estate agency and your notary can help you make the assessment.

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