How do I value the cost of the furnishings in a home for sale as is ? The furniture is very high end but not necessarily to our tastes.. Find answers to this and many other questions on Trulia Voices, a community for you to find and share local information. Get answers, and share your insights and experience.
Write the average price next to each item and label it "Resale price." The IRS requires that you base household-goods donation deductions on the items’ fair market value. Current resale pricing of similar items is one IRS-recommended way of determining this value.
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Register or log in to your Sothebys.com account to request an estimate of your antique furniture. Complimentary estimates are provided for each chair, table, desk or other furniture that meets our minimum consignment value ($5,000 in New York, 3,000 in London and HK$40,000 in Hong Kong). Get an Estimate
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Consumer Reports has determined the best ways to get the best price for your furniture and everything else. "To maximize your profit, you’ll want to match your items to the best places to sell them,
Look at the quality. Furniture quality differs from item to item. At the upper end, you have solid wood, well-fitting and intricate joints, and typically a lustrous finish. Cheaper furniture tends to be made of veneered particleboard with rudimentary jointing, and may even have been self-assembly.
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How to Determine the Fair Market Value of Furniture & Appliances. The IRS allows you to deduct the fair market value for household goods like furniture and appliances, and FMV is defined as the price you could get for the item on the open market. To figure out the FMV for the items you donated, you can look to the cost or actual selling price.
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Avoid overly heavy furniture or art near the entryway and implement organizational. While you’re probably not thinking too much about resale value, making cost-effective choices now can save you.
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