Will mortgage lenders finance furnishings when buyers want the house and all the stuff inside?
You want to buy the house—but only if it comes with the boat out back. The owner may agree to the deal, but your lender probably won’t include it in the mortgage.
In New York’s tony Hamptons, real-estate agent Diane Saatchi says she has seen buyers purchase the previous owner’s pool table, fully furnished staged homes and a condo where the seller included a small boat. These transactions are most common with second homes and vacation properties, adds Ms. Saatchi, an associate broker with Saunders & Associates in East Hampton, N.Y.