Hey! That's Comin' With Me!
Selling a Home is tough and it is important to decide if some fixtures and appliances are going with you when Selling a Home. This post is about that.
My advice is if it goes take it down/out/off or other wise remove it before you put the home on the market. If the appliances go make it clear in the MLS.
For more tips on Selling a Home or for a Free Home Evaluation go to HomePointRealEstate.com.
In the world of real estate there are many laws and practices that need to be totally understood in order to effectively buy and sell real estate for a living. Obviously these laws and practices are covered in the first few days of studying to earn your real estate license.
Having worked in the real estate industry for several years there is a lot of confusion about some of the differences between what is considered real property and what is considered personal property, what is a permanent fixture and what is a movable fixture.
Simply put, real property is anything that is physically attached to the land or the property. This includes permanent fixtures that are obviously meant to stay with the property or are not easily removed. Personal property is anything that is easily moveable and not intended for permanent attachment to the property.
I have went to many listing appointments where the potential client doesn’t even mention something they plan to take with them not knowing that it is considered a permanent fixture and is included as real property rather than personal property, and technically needs to stay with the home and convey to the buyer. It was my job to educate them on these laws and practices and make sure they understood the difference. There is nothing worse then discovering these discrepancies while sitting at a closing table.
I have also seen situations arise from the buyers perspective. For example, a buyer tours a home and loves the home. One of the reasons they love the home so much is that it has these amazing light fixtures. The buyer is assuming that those fixtures are part of the house and the seller unknowingly figured they would be coming with them.
The truth of the matter is that some things are considered permanent fixtures and therefore a part of the conveyance of real property, while others are considered movable fixtures and may be removed by the seller upon sale of the home. An example of something considered a permanent fixture may be the backyard playground you just built and cemented the poles into the ground. An example of something considered a movable fixture would be a outdoor plant that is potted and easily transported.
So if you are a buyer that is touring a home and interested in making an offer, make sure that you inquire about certain items that may or may not be a part of the real property so as not to feel deceived later on.
If you are a seller, make sure that your Realtor is clear on your intentions and that he clearly explains the do’s and don’t with these types of issues.
Just another reason why using a real estate professional is imperative to a smooth and comfortable transaction.
Tim Brown
Owner/Broker, Realtor®, ABR,CRS,CDPE®
Auctioneer NCAL#8560
Hines & Associates Realty
TeamHeidi
Direct Line: 704-619-1008
Client Care Line: 704-815-3208
www.CarolinaHomes4Sale.com
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