personal property in real estate transactions: Personal Property: The MLS is NOT the contract! Argh!!
- 10/22/15 07:44 AM
Personal Property: The MLS is NOT the contract! Argh!! Personal Property is an issue that almost always comes up during a real estate transaction. In the easiest definition of terms, "personal property" would be anything that is not permanently attached to the home. Some typical examples of that would be appliances such as a refrigerator that is free-standing, washer and dryer, a free-standing microwave, above-ground spa, potted plants, a free-standing pergola, patio furniture, or in some cases you're crazy Uncle Gooch that lives in the trailer parked behind the garage.
Nonetheless, the MLS (multiple listing service), for the most part, was designated for listing … (57 comments)
personal property in real estate transactions: Personal Property: What to write in and not write into the contract, and why.....
- 01/07/14 02:43 AM
Personal Property: What to write in and not write into the contract, and why..... The distinction between real estate and personal property usually follows the same definition: Any item that is not permanently attached to the property that resides in or on the property is not considered part of the real estate and is considered personal property. There are a few differentiations from state to state. For example, in some states the refrigerator is automatically considered part of the real estate, where in other states it is not, etc. For the most part, some examples of personal property would be: Refrigerator Washer/Dryer Non-built-in range Non-attached … (2 comments)
Personal Property: The MLS is NOT the contract! Argh!!
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