Murphy's Law for Furniture and a New House

By
Real Estate Agent with Coldwell Banker Residential

There is a variation on Murphy's Law when it comes to buying Furniture for a new house before closing.  It is like furnituresome kind of strange curse.  Furniture bought before closing the purchase of a new house almost never works out to be right.  Don't ask me why that it, it just is.  Buy the furniture before closing, get the deal done and closed, start moving into your new home and BAM-SHAZZAM, the furniture just doesn't work!  I can't tell you how often I have seen it work that way.

Take-away concept here?  Wait until you own it to begin furnishing!

The other really horrible thing about new furniture bought before closing is that people have a way of doing it with credit.  Here is another major real estate Rule of Thumb:  Between the contract date and the closing don't buy anything bigger than a latte with your credit card.  I am exaggerating a little, but only just barely.  I recently got to watch a buyer's agent discover that her client had just bought a boatload of new furniture for the house set to close next week.  That agent practically left smoke on the phone as she burned off to go see if her client had used credit to buy that furniture. 

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Interested in buying or selling a home in the DFW Area?  Just call me.  214-228-9828.  Or click here to check out my website!

 

 

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Rainer
107,456
Leslie G. Rojohn
MoonDancer Realty - Sylva, NC
GRI, ABR ~ MoonDancer Realty

Amen to that don't buy anything on credit till after closing rule. That has killed more closings than almost anything else. 

August 19, 2012 08:43 AM #1
Rainmaker
630,741
Liz Wallace
Century 21 Sherlock Homes - Rockville Centre, NY
Broker C21 Sherlock Homes, Rockville Centre, LI, N

On a listing we had the buyer bought a new car two weeks before closing.  Who does that and how can you be that stupid and not get hit by a truck.

August 19, 2012 10:59 AM #2
Rainmaker
565,341
Kathy Sheehan
Movement Mortgage 770-634-4021 - Atlanta, GA
Branch Manager

Cash or credit it doesn't matter, a change in either amount can kill a mortgage application.  Don't buy anything you don't absolutely need is the best advice.

August 19, 2012 02:26 PM #3
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Rainmaker
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Judith Abbott

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