What is Included in a Home Purchase?
There can often be confusion on the part of buyers as to which items come with a property and which do not. This is particularly true if the listing broker has left the items vague in the listing. It is crucial to spell things out, but if they have not been, there are some general rules to follow.
Real Property vs. Personal Property
For the purpose of a real estate transaction, Real Property is the land and everything attached to it, including the ground to the core of the Earth and up to the sky. This would encompass the building, landscaping trees and anything that is appurtenant to the land or which is considered to be immovable by law.
The way that most Realtors® think of this is through the term, "fixtures." Items which are attached to the property will most likely be staying with it. Examples of fixtures are:
- Wall-to-wall carpeting
- Attached lighting
- Built-in stoves and ovens
- Built-in microwaves
- Ceiling fans
These items include, but are not limited to, the furnace as well as the kitchen sink.
If an attached item like a family favorite chandelier is not going to be left behind the listing broker needs to list this as an "exclusion." Some people are also quite fond of certain bushes in their yard. If they plan on taking any of them they need to be itemized on the listing.
Personal Property is that which is not attached, such as:
- Scatter rugs
- Free-standing lamps
- A Grand Piano
Window Treatments can often be points of negotiation since they are sometimes custom made for the area and, really, of little value to the seller. You may be surprised at the cost of some custom window treatments. They can actually run into thousands of dollars. So, if you like the drapes - you may want to ask for them.
Most importantly, all of these items need to be completely spelled out in the offer. If you are asking for anything that could be considered a personal property, like the refrigerator, put it in writing.
When in doubt - be specific.
On closing day, you will be happy that you were.
Copyright 2010 "What is Included in a Home Purchase?"
Claudette Millette, Broker, Owner, The Buyers' Counsel - (508) 881-6230