Daddy Got A New Pool Table... and You Can't Have It! Minot RE 101

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Services for Real Estate Pros with Ward County Notary Services

Minot Real Estate by Bob Timm

Daddy Got A New Pool Table... and You Can't Have It! Minot RE 101

Shooting Pool

 

OK, we can negotiate on the table above... BUT

Frequently and with gaining frequency I am being asked by home Buyers if we can ask for personal property items dealing with homes we are placing an offer on. First of all Buyers need to know, personal property is just that... PERSONAL! 

Most Offers To Purchase include some personal property, our Multipule Listing Service Offer to Purchase in Minot ND says: carpet, awnings, window treatments and hardware, lighting fixtures, ceiling fans, built in equipment and built in appliances, garage door openers and operating remotes, smoke detectors, sump pump, and the following non-real estate items:

No where does it say lawn mower, snow thrower, dining table, wife's lingerie, or whatever.

That being said there is no law saying you can not ask BUT a clean offer is much more likely to be accepted and don't loose focus on your mission... BUYING A HOUSE!

Bob Timm, Minot Realtor

Posted by

WARD COUNTY NOTARY SERVICES

ROBERT L. TIMM, OWNER

201 Main Street South, Suite 116

 Minot North Dakota 58701

Bob Timm,  Facebook

Call or text 701-720-8513

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Rainmaker
1,699,949
Lise Howe
Keller Williams Capital Properties - Washington, DC
Assoc. Broker and Attorney Licensed in DC, MD, VA,

Banks really don't like giving the buyer a mortgage to buy the seller's lingerie anyway - it gets bumpy in underwriting.

Jan 30, 2016 08:43 AM #1
Rainmaker
1,248,012
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Great post!  Yes, clean offers are better.  I usually see personal property bought through side agreements.

Jan 30, 2016 10:28 AM #2
Rainmaker
3,983,375
William Feela
WHISPERING PINES REALTY - North Branch, MN
Realtor, Whispering Pines Realty 651-674-5999 No.

When you start asking for extra's it can put a seller off

Jan 30, 2016 11:44 AM #3
Rainmaker
1,675,419
Larry Johnston
Broker, Friends & Neighbors Real Estate and Elkhart County Subdivisions, LLC - Elkhart, IN
Broker,Friends & Neighbors Real Estate, Elkhart,IN

Hi Bob "RealMan" Timm ,  Now that was funny!   HaHaHaHaHaHa!!!

Jan 30, 2016 11:47 AM #4
Rainmaker
140,218
Joan Dickie
Keller Williams Premier Realty - La Crosse, WI
Keller Williams Premier Realty

Bob is so right.  The more that is added to the offer, the more you may frustrate the seller.

Jan 30, 2016 11:58 AM #5
Rainmaker
798,409
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Bob - Any time there is personal property involved in my transactions, they are not included in the home purchase and are treated as a separate transaction.

Jan 30, 2016 03:03 PM #6
Rainmaker
1,549,920
Sandy Padula and Norm Padula, JD, GRI
HomeSmart Realty West & Geneva Financial, Llc. - Carlsbad, CA
Presence, Persistence & Perseverance

Bob "RealMan" Timm Your post here reminds me of a listing I have a few years ago for an estate and in the garage was a beautiful low mileage Mercedes. I have more than one buyer try to make an offer including the car and all the offers were below the list price of the home. Needless to say, those buyers were shut down immediately.

Jan 30, 2016 10:08 PM #7
Rainmaker
4,109,689
Joan Cox
House to Home, Inc. - Denver Real Estate - 720-231-6373 - Denver, CO
Denver Real Estate - Selling One Home at a Time

Bob, we do see many times the Sellers don't mind selling the living room furniture and do not want to move the W/D.     NEVER lingerie!  

Jan 30, 2016 11:54 PM #8
Rainmaker
709,821
Bill Roberts
Brooks and Dunphy Real Estate - Oceanside, CA
"Baby Boomer" Retirement Planner

Well Bobby, sometimes the personal property item isn't wanted, and the best offer is the one that includes it. A pool table (not yours of course, but a real one) can be difficult to move.

Bill Roberts

Jan 30, 2016 11:59 PM #9
Rainmaker
5,042,431
Barbara Todaro
RE/MAX Executive Realty - Franklin, MA
Marketing Agent for The Todaro Team

Good morning, Bob "RealMan" Timm ...banks don't like seeing personal property in the agreemenet....if buyers want to negotiate for that entity, it should be done outside the agreement and after the purchase and sales is signed....

Jan 31, 2016 12:21 AM #10
Rainmaker
1,946,427
Grant Schneider
Performance Development Strategies - Armonk, NY
Your Coach Helping You Create Successful Outcomes

Bob - asking for the personal items is really losing focus and going off track.  Of course you could ask but not in a sellers market.

Jan 31, 2016 05:21 AM #11
Rainmaker
679,919
Nicole Doty - Gilbert Real Estate Expert
Zion Realty - Gilbert, AZ
Broker/Owner of Zion Realty ZionRealtyAZ.com

Honestly, I've found that big, bulky personal items like pool tables and outdoor above-ground spas are usually pretty easy to negotiate to stay with the home because sellers don't want to move them. Unless they have some sort of sentimental value which they usually don't have. 

Jan 31, 2016 07:05 AM #12
Rainmaker
1,496,087
Inna Ivchenko
Barcode Properties - Encino, CA
Realtor® • Green • GRI • HAFA • PSC Calabasas CA

That is the most adorable pool table ever:) 

But a personal property discussion is never ending, and comes on almost every transaction,  you are right:) 

Feb 03, 2016 03:22 PM #13
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Rainmaker
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Bob "RealMan" Timm

Owner of Ward Co. Notary Services, retired Realtor
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