Special offer

WHAT STAYS WITH THE HOUSE

By
Real Estate Agent with RE/MAX Premier
So that there are no last-minute misunderstandings, a purchase agreement should include an inventory of what both the buyer and seller agree will be included in the sale. Strictly speaking, the buyer is purchasing "real property," which includes the house and any item permanently affixed to it, including grandmothers antique chandelier. However, items such as rugs and appliances are deemed to be "personal property." And since they are not permanent parts of the home, they are not necessarily part of the sale. But this does not mean that their purchase cannot be the subject of negotiation. In actuality, sellers throw many items into the sale that they do not intend to take with them. Nevertheless, buyers shouldn't take any non-permanent items for granted. Sellers need to exchange or replace items before home is put on market for sale.

Details such as this are just one reason why it's a good idea to work with an experienced real estate agent.  Whether you are buying or selling a home, it is important to have a skilled negotiator on your side that can arrange all the aspects of the closing for the mutual satisfaction of everyone involved.  I will bring you the highest level of service, attention, and experience every step of the way.  Call or visit my office to schedule an appointment. .



Maria Lourdes Couto, ABR,CRS,SRES
REALTOR-Associate
RE/MAX Classic Group
440 Springfield Ave
Berkeley Heights, NJ 07922
Cell: 908-400-1801
Direct Line: 908-376-1568
E-Mail: Homes@MariaLCouto.com

If you are considering buying or selling a home in Berkeley Heights, New Providence in Union County. Long Hill Twp: Gillette, Stirling, Millingto in Morris County.Warren, Watchung in Somerset County. 

I live, and work in Berkeley Heights and Beyond and will help you find and buy your Dream Home, or get your home Sold . Call me today.

Click Here to see area Homes for Sale in above areas

 

Comments (13)

Zen Ziejewski
Keller Williams Realty - Laguna Niguel, CA
Laguna Niguel Real Estate
Thanks for the great info.
Mar 04, 2008 09:28 AM
Jeffrey DiMuria 321.223.6253 Waves Realty
Waves Realty - Melbourne, FL
Florida Space Coast Homes
we have come up with an exclusion form that leaves nothing to chance. Both sides sign it with the offer.
Mar 04, 2008 09:29 AM
Carolina Ruiz
My Real Estate Pro - West Covina, CA
It is also important to include a time line in the purchase agreement takes in to consideration a certain point in time that any and all personal property be removed from the premises of the property. This way you don't get stuck paying to remove their disgarded furniture (usually not worth owning anyways).
Mar 04, 2008 09:34 AM
Sonja Babic
Sonja Babic/PRIME Realty NC, LLC - New Bern, NC
New Bern NC, PRIME Realty NC, LLC
Great info we have to protect our client as well ourselves. Thanks
Mar 04, 2008 09:35 AM
Ryan Vivo
Gateway Realty - Fairfield, CA
NRBA Realtor Solano County, Gateway Realty 707-384-5894
Thanks for the info and nice template btw.
Mar 04, 2008 09:50 AM
Steve Loynd
Alpine Lakes Real Estate Inc., - Lincoln, NH
800-926-5653, White Mountains NH
The vast majority of my sales are second homes and seller's don't want or need the furnishings. The lenders don't want to separate the real property from the chattles, so we have taken to using terms like "furniture will remain as a convenience to the seller and represents no value in the transaction".
Mar 04, 2008 09:56 AM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Steve thank you for commenting. I have never actually seen the above term being used but I like it.

Mar 04, 2008 09:59 AM
Mary Warren
Las Vegas, NV
Our contract (GLVAR) has a list of items staying with the house....it spells out almost everything.  I will write in washer/dryer/refrigerator in the 'additional' section.  I once had a buyer who moved into the house and the built-in microwave was gone!  I ended up eating a couple hundred $$$ to buy them a new one.  The seller absolutely refused to return it.  I also tell my sellers at listing that if there is anything they want that is built in to remove it NOW.  I have them take down chandelers, fans, window treatments that are important to them so there is no misunderstanding when we do have a contract.
Mar 04, 2008 10:03 AM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'
Hi Team DiMuria, I also use exclusion forms, but many Realtors do not use it, or explain the meaning of "attached fixtures" to their sellers. Thank you for commenting.
Mar 04, 2008 10:12 AM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'
Mary you and I are on the same page. Specially on a market like today. Thank you for commenting.
Mar 04, 2008 10:44 AM
Patricia Kennedy
RLAH@Properties - Washington, DC
Home in the Capital
Maria, You are so right!  Once I dropped in on a client's yard sale as someone was writing a check for the antique chandelier, which of course conveyed!  That was a close one!
Mar 04, 2008 11:55 AM
Julie Neerings~Lifting Hearts ♥ Building Dreams~
Agent Referral - Salt Lake City, UT
Maria~This is excellent information that covers the "just in case" very well. There are many questions that come up regarding the topic of what stays and goes for both buyers and sellers. Have a great weekend!
Mar 08, 2008 01:55 AM
Maria Couto
RE/MAX Premier - Berkeley Heights, NJ
Realtor with "Results That "MOVE" You'

Thank You Julie, for taking the time to comment on post.

Mar 08, 2008 02:44 AM