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Real or Personal Property...Does It Belong to Me or You? Erie/PA

By Mary Yonkers

Education & Training with Alan Kells School of Real Estate/Howard Hanna Real Estate

May 23, 2013 12:10 AM

Real or Personal Property . . . Does It Belong to Me or You?

Erie/PA

Real or Personal Property...Does It Belong to Me or You? Erie/PA

Hoop The basketball hoop attached to garage was gift from my son's grandfather who is now deceased. Can we take with us when we move?

My wife's grandmother gave us her mother's prize rose bushes as a wedding present 15 years ago. Can we dig them up before the closing?

The window treatments in master bedroom match our bedding and we plan to use them in our new home.

Shelves Who owns the attached shelving units that I paid for and installed? Well, it depends . . .

If you are tenant, the landlord owns the shelving units once they have been installed
If you are business tenant who rented space for your business, the shelving units belong to you. The shelving units are called trade fixtures that must be removed on or before the last day the property is leased. The tenant is responsible for any damage caused by the removal

If the shelves were installed in residential property they become real property.

Fundamentals Pre-license Real Estate classes will continue this discussion of real property Vs. personal property. (See Alan Kells schedule for Erie, PA classes)

Erie, PA Real Estate Pre-license Class: Fundamentals & Practice

Location: 3036 West 12th Street Erie, PA 16505

Pennsylvania requires satisfactory completion of 60 hours of Pre-license instruction in Fundamentals & Practice to obtain Pennsylvania Real Estate license before taking PA Real Estate exam.

Alan Kells School of Real Estate Mary Yonkers, instructor

Erie, PA Real Estate Pre-license Class:

$178

Join me in class for discussion of 'Real or Personal Property . . . Does It Belong to Me or You?'

Erie/PA

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Robin Dampier REALTOR®

Coldwell Banker King - Hendersonville, NC

Hendersonville & Western NC Real Estate Source

Fixtures are included in our purchase contracts and when listing a property we will advise sellers to remove a "fixture" they intend to take with them and if necessary repair and/or replace the item. Taking care of these things can avoid pain later when a sales contract comes along and the buyer loves the fixture that the seller loves as well.

Sue of Robin and Sue

May 23, 2013 12:36 AM

Will Hamm

Hamm Homes - Aurora, CO

"Where There's a Will, There's a Way!"

Hello Mary, great questions for new agents, I have seen seller not having this discussion with there agent and that is were the problem can start.

May 23, 2013 12:56 AM

Mary Yonkers

Alan Kells School of Real Estate/Howard Hanna Real Estate - Erie, PA

Erie/PA Real Estate Instructor

Sue, I agree. Fixtures are listed in PA contracts, too. However, often both the agent and seller skip right over the fine print. I try to impress this point on pre-license attendees and new agents. Nice to see you today.

May 23, 2013 01:14 AM

Hello Will, and sometimes it is the agent who does not discuss the fixtures question with their client. In class I try to stress importance of handling this topic upfront. Have a great day in Colorado.

May 23, 2013 01:17 AM

Lottie Kendall

Compass - San Francisco, CA

Helping make your real estate dreams a reality

So important to have that discussion with sellers prior to putting the home on the market. Deal with fixture/personal property items early to avoid disputes.

May 23, 2013 03:08 AM

Toni Weidman

Sailwinds Realty - Trinity, FL

20+ Years Selling Homes in New Port Richey, FL

I would love to join you in a class, Mary. Wouldn't we have a great time? I enjoyed talking to you the other day; let's do it again soon.

May 23, 2013 05:52 AM

Good afternoon, Lottie. Disputes over fixtures prevent deals from going together or cause them to fall apart. We improve our chances of closing more transactions by discussing fixtures upfront.

Toni, if we lived closer I would invite you to be guest lecturer. You would add so much to my classes. Yes, let's talk again.

May 23, 2013 06:06 AM

Debbie Reynolds, C21 Platinum Properties

Platinum Properties- (931)771-9070 - Clarksville, TN

The Dedicated Clarksville TN Realtor-(931)320-6730

Good question Mary and makes for stimulating classroom discussions. I bet your classes are fun and a wonderful learning experience.

May 23, 2013 01:37 PM

Joni Bailey

101 Main St. Realty - Huntsville, TX

Your Huntsville / Lake Livingston Area REALTOR®

And a great topic for the consumer to read as well. I always tell my sellers that if they want to keep fixtures, take ithem down and either repair the area, or replace the item.

May 24, 2013 10:25 PM

Joan Cox

House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO

Denver Real Estate - Selling One Home at a Time

Mary, this is always a fun subject! Here is Denver if it is attached, but sellers want to take it with, we put it as an exclusion, or better, have it removed before showings.

May 25, 2013 10:48 PM

Good morning everyone. We are off to church & day with friends. Thanks for visiting my site. I will return favor this evening.

May 26, 2013 12:20 AM

Real or Personal Property...Does It Belong to Me or You? Erie/PA

Real or Personal Property . . . Does It Belong to Me or You?

Erie/PA

Join me in class for discussion of 'Real or Personal Property . . . Does It Belong to Me or You?'

Erie/PA

Comments(12)

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