Selling furniture from purchased home

[Will Browm]

I just put my second cash purchase home under contract. Very little rehab, less than a week. I found the home through tactics mentioned by several successful folks on the forum. The family sold me the home fully furnished and a couple of old sheds. I am going to rent the house Section 8 and have no interest in including furnishings or sheds. Is Craigslist the best method to sell the items? I considered an estate sale or simple yard sale, but I do not want to advertise the house is empty or be standing around with $1500 cash in hand. What methods have you used? Either way, just selling half of it will more than cover my rehab costs, very exciting.

[Bill Gulley]

Unless the personal property was sold in your RE contract I would proceed with caution. Not knowing the circumstances of the seller, there may be heirs (there are) to any estate. How do you prove ownership of the personal property to sell it? State laws apply to abandonded property while in your care, custody and control. Usually there is a time limit to hold, like 30 days and sometimes a published notice to dispose of it. If you don't follow the rules some distant someone can come back and make claims against you and probably for more than it's worth.

I'd use Ebay for good stuff and CG for the rest and then a yard sale and the rest to the dump. Good luck