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Should It Stay or Should It Go? Lessons on Fixtures in North Carolina

Reblogger
Commercial Real Estate Agent with Trans State Commercial Realty Inc. 0516472

Pay attention to what happens today about what stays and what goes...is it in your contract  Beware and read.. more importantly include in the language of your purchase and sales contract

Original content by Debe Maxwell, CRS 228209

Should It Stay or Should It Go?  Lessons on Fixtures in North Carolina

What is a fixture in NC?The discussion often occurs during the final walk-through when the buyer realizes that one of the fixtures has been removed.  Sadly, this isn’t what you want during the final walk-through – you want excitement and the sense of ‘can’t-wait-to-move-in’ during this time –  NOT, anger or agony over whether or not the seller is going to return the missing item or items!

Most of the time these final walks are taking place, either during the evening, just prior to Closing or the morning of Closing so, when this occurs, we are all scrambling to manage the situation.  Oftentimes, it is not easy as the sellers are either moving across the country or they have their belongings packed away in a storage facility or on a moving truck.  So, the items are inaccessible until AFTER the Closing.

As lenders won’t allow personal checks from the sellers to the buyers to cover the cost of the missing items or any changes made to the Closing Disclosures without having to be re-approved, this can cause a delay in Closing.  This can not only cause extremely hard feelings between the buyers and the sellers but, increased costs for both parties.

How do we remedy this? 

Educate, educate, educateAGENTS:  INFORM YOUR CLIENTS – both sides of the transaction need to be familiar with what stays and what goes in a real estate transaction.  Educate, educate, educate!

SELLERS: When packing, consult your Contract.  Your agent should have gone over this with you when you listed your home as well as when you received your Offer.  However, sometimes even with these reminders, in the midst that is the chaos of moving, some fixtures are missed.  My recommendation, just before beginning to pack, print page 3 of the Contract – or this article – where all of the fixtures are listed for your review.

BUYERS: If in doubt, add it to the Contract.  For example, pool owners may not consider the electronic cover to their pool a fixture.  It should be but, it is not specified in the Contract.  So, to prevent last-minute issues, add it to your Offer.

Here is the list from page 3 of your North Carolina Purchase Contract – with a few notes on some of the ‘hot’ items (also bolded for your reference).  Unless otherwise specified IN THE CONTRACT, the following items are deemed fixtures and are included in the purchase price free of liens (if they are in/on the property at the time of Contract or written in to be added:

1.  range/stove/oven

2.  any built-in appliances – note that refrigerators, most wine refrigerators and washers & dryers are NOT built-ins.

3.  light fixtures

4.  ceiling fans

5.  attached floor coverings

6.  blinds & shades

7.  drapery rods and curtain rods, brackets and all related hardware – The draperies/curtains are personal property but, not the rods, brackets and hardware.

8.  window and door screens, storm windows

9.  combination doors – DO NOT replace your doors after Contract to take your combination door with you!

10. awnings

11. antennas & satellite dishes and receivers

12. mounting brackets for televisions and for speakers and all related hardware – This has been the source of most issues with fixtures during 2016.  The brackets on the walls remain, as do the brackets on the back of the TV (RELATED HARDWARE).

13. burglar/fire/smoke/carbon monoxide alarms and security systems

14. pool, hot tub, spa and all related equipment – If in doubt as to whether or not your equipment is ‘related,’ write it into the Contract.  

15. solar energy systems

16. attached fireplace screens

17. gas logs, fireplace inserts – YES, these are fixtures, NOT personal items!

18. electric garage door openers with controls – This may seem trivial but, all cars may not sync with your garage door control!

19. outdoor plants and trees (other than in movable containers)

20. basketball goals, storage sheds, mailboxes

21. all bathroom wall mirrors and all attached wall and/or door mirrors – Another major 2016 item – if you have personal wall mirrors that you do not want to convey, change them out before listing your home. 

22. fuel tank(s) whether attached or buried and including any contents that have not been used, removed or resold to the fuel provider as of Settlement

23. landscape and/or foundation lighting

24. invisible fencing including all related equipment – ALL related equipment must remain. 

25. lawn irrigation systems and all related equipment

26. water softener/conditioner and filter equipment – Sellers, if you do not plan to leave this equipment, be sure that you list this as an exclusion on the Contract.

There is, of course, an option to list exclusions to the above list or to add items that are NOT permanent fixtures that you would like left in the home by the seller.  Be sure that these permanent fixtures (as well as exceptions and personal items to remain) are reviewed prior to Closing…and preferably by the seller prior to the walk-through!

 

© Debe Maxwell | (704) 491-3310 | SavvyBroker@me.com | Should It Stay or Should It Go?  Lessons on Fixtures in North Carolina

Originally posted at http://www.icharlotterealestate.com/stay-go-lessons-fixtures-north-carolina/#ixzz4GsNu9VXO

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Comments (4)

Debe Maxwell, CRS
Savvy + Company (704) 491-3310 - Charlotte, NC
The RIGHT CHARLOTTE REALTOR!

Hi Eileen!  Thanks so much for the re-blog!  Hopefully it helps someone in your area also!

Aug 11, 2016 01:27 PM
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

Debe Maxwell your contributions to the AR community are appreciated and useful for all members

Aug 11, 2016 11:28 PM
Myrl Jeffcoat
Sacramento, CA
Greater Sacramento Realtor - Retired

Very good advice on what should stay and what should go, Eileen!

CONGRATULATIONS on having this blog FEATURED in the Old Farts Club group!    

Aug 12, 2016 11:12 AM
Eileen Burns 954.483.3912
Trans State Commercial Realty Inc. - Fort Lauderdale, FL
FLorida Real Estate Connector

Debe Maxwell and myself appreciate the feature Myrl Jeffcoat 

Aug 12, 2016 11:15 AM