Valuing chattels

anandp

phill99 wrote: »

But you have hit the nail on the head: 'the right person'. That person who wants THAT colour, THAT style and has THAT window size is an exceedingly rare thing. It therefore becomes a buyers market and they will dictate the price.

So if I'm the 'right' person, and I'm the buyer of the property too, a higher price (not unreasonable) on the chattels is acceptable?

kinger101

anandp wrote: »

As an example, for one of the bay windows, the original curtains cost £800 on their own. So even if you account for second-hand on these, they should surely be worth £300 at least if another window were to take them?

If I ever have a yard sale, I'm going to send you an invite. I'd say a fair value for 8 yo curtains is nil. Be honest, if the vendor offered you these curtains for £300 on the fixtures and fittings form, would you really buy them?

Personally, on properties under £250K, I can't see the point on apportioning anything unless you have an item that is demonstrably worth over £1000. At 2%, it's not worth the faff.

If you do SA returns, you definitely want to stay off HMRC's radar.

phill99

anandp wrote: »

So if I'm the 'right' person, and I'm the buyer of the property too, a higher price (not unreasonable) on the chattels is acceptable?

You can get whatever someone is willing to pay for them. 99% of buyers will redecorate any way and your curtains are very unlikely to match and they will get rid of them. As I said earlier, you will be lucky to get £50 for them.

booksurr

anandp wrote: »

So if I'm the 'right' person, and I'm the buyer of the property too, a higher price (not unreasonable) on the chattels is acceptable?

acceptable to the vendor - doubtless

acceptable to HMRC when it comes to deciding if you are avoiding SDLT by inflating the chattels figure - it depends!

acceptable to your lender because they may regard it as you manipulating the LTV ratio - it depends!

DigForVictory

The old house had really odd interior doors - think wrought iron bubbles, some purple, some green, mostly clear, trapped in layers of perspex. Plus the bathroom clean but as as we found it, "period 60s" as the surveyor kindly described it.
We had one couple put a bid in for the doors alone. Whereas a lot of viewing folk shuddered & tried to gouge new interior doors off the price.
Nowt as odd as taste. However, aim low and you're unlikely to be disappointed.

Months later (update your Amazon delivery address as well as utilities etc when moving?!), we found the couple so smitten with the doors had bought the place next door (a little smaller) and recovered the doors from the skip as our buyer renovated to 'modern taste'.

mrginge

anandp wrote: »

So if I'm the 'right' person, and I'm the buyer of the property too, a higher price (not unreasonable) on the chattels is acceptable?

There is no relevance in who is buying the goods, so you cannot add a premium on. The question is what is the fair value, not what is the fair value to anandp.