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27 Comments on But I Thought That Came With The House!
Great post! These problems surface regularly in many transactions. It's important to "nip" any problems in the bud to avoid last minute disputes regarding Seller-perceived exclusions.
I like the way you word the PA..."The Louisiana Purchase Agreement"
It probably feels that way to a whole lot of buyers. (Of course, you're from Lousiana...So...It really IS a LA PA.)
Lisa, I sit on the grievance committee for our association and recently heard a complaint submitted by a buyer because the LISTING AGENT removed personal property included in the purchase contract because "the seller said she could" -- Talk about a mess!
Lynda/Wayne, often, the buyers and sellers are so excited that the fine print goes by in a blur.
Marcie, definitely...thus, the reason I wrote this :)
Jeff, I've heard about disputes over landscaping as well. How attached to that rose bush ARE you to go to the trouble of digging it up and moving it?!?
Rob, thanks!
J. Philip, I'm trying to head them off at the pass ;)
Susan, that is one of the most important parts of the conversation during the listing appointment. I have shown sellers the purchase agreement so that they know from the beginning what the standard contract includes and we work from there to document any exclusions.
Pamela, awww...you are making me blush :-)
Tom, everything needs to be spelled out. It can be a pain if there are lots of extras/exclusions, but it's worth it when there are no misunderstandings.
LOL @ Chris!
Lori, really? REALLY? That's more than a mess...wow.
Excellent post, Lisa. The Devil lives in the details... And so do we. hmm...
This is an excellent post, Lisa, worthy of a reblog. Our new California purchase agreements not have specific wording for attached audio components as excluded, and itemized appliances that you can check off.
You have disabled your reblog option.
I hear your wheels spinning, Lane :)
Jane, I assumed that a blog about Louisiana purchase agreements wouldn't be of interest to reblog. I'll be happy to change that for you!
Thank you. This is not specific to Louisiana. Thanks. I reblogged.
Good morning Lisa,
Every state varies concerning what is considered "the property". It's always good to read the purchase agreement where it usually clearly states what the property consists of! When in doubt your agent needs to clarify and spell out ..we have a non-realty addendum that addresses these issues and is part of the contract.
Thank you, Jane!
Dorie, at the end of the section pictured, there is a place to include non-realty items that will be included in the sale but are not given value in the appraisal. That's where we throw in the stuff like the grill or the patio furniture - right within the contract.
Thanks Lisa, great post. When I go on a listing appointment, we go on a walk through the house to make sure they don't plan on taking anything that should stay. I then recommend that they replace that ceiling fan now, or take down those drapes, etc. I also tell them, if something comes up that they forgot to let me know immediately. I tell them once we are in contract, it's difficult, not impossible, but difficult to address things at that time. Alos, even when it's in writing, people tend to "forget". Buyers so often are on information overload, that they don't fully digest what the fine print says about exclusions and are overwhelmed and don't completely process it. Better to remove beforehand for sure!!!
Kim, the buyer being on overload is a wonderful point. Often, I find that they think many things stay that are personal property of the seller. Removing those items to avoid any misunderstanding is absolutely the best solution.
Believe it or not, the bathroom mirror was my biggest fight at closing. The seller took it and we assumed it was included...
"Every item that causes a deviation from the standard contract language needs to be addressed - no matter how small or seemingly insignificant."
Well written and documented post that applies to everyone everywhere! Great job my friend!
Judy, well, in Louisiana, it IS included. Is that not the case in your contracts?
Russell, thank you :)
Well done, Lisa! I'm your biggest fan and you know it. :)
I'm re-blogging this too...I can add a little Texas twang and it will make plenty of sense here. I have written on this topic many times and ended up deleting it all because I couldn't make the words fit on the page like they do in my brain.
T H A N K Y O U!
Hi Mandy :)
Lisa, good topic how often is a mirror missing that should have not been removed. Get it in writing.
Lisa, thanks for this VERY important and critical topic. A definite reblog.
Boy this is sure a good topic! How many times have we had to smooth feathers over speakers and stereo equipment?
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