Personal Property In A Real Estate Sale, What's Up With That?

By
Real Estate Agent with MOOERS REALTY ME Broker License 106759

The home for sale is in tip top shape and the personal property arranged just so in all the rooms.

The home buyer likes what he sees and we're not talking just the room sizes, the house features and location. The furnishings, the outdoor patio items, the toys in the garage all add to the sizzle of the real estate sale. But personal property, what stays, what goes, what do each party expect in the real estate sale?personal property in a house sale photo

Are there laws in your state that say a cook stove has to be left in the sale of a house?

Do the buyer and seller you are working with on a real estate sale know the difference between what's a fixture, what's personal property?

How to handle the personal property scattered around the listing for sale?

The stuff from Wally World, the family heirlooms, the trash or treasure appointments of the what's for sale. Make a list of what's not for sale, what is available and for how much. The new buyer can purchase some, none, all of the items clearly spelled out on the yellow legal pad list that you provide to them. Once the seller has generating one and knows where they are heading, what is not going to be carried on by two men and a small boy into the big dark expensive moving van.

Not everything in the home for sale has value. A new couch was bought and the two older ones just pushed deeper into the room has happened. Clutter. Who inherits it and where does it go? Is the seller planning on leaving behind what should be escorted to a large open dumpster? The expectations need to be spelled out upfront and through the ever changing landscape and mood of the real estate sale.

Read full article on Personal Property In A Real Estate Sale ? What Stays, What Goes?

I'm Maine REALTOR Andrew Mooers, ME Broker

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Rainmaker
2,253,314
Anita Clark
ColdwellBanker SSK Realtors ~ 478.960.8055 - Warner Robins, GA
Realtor - Homes for Sale in Warner Robins GA

Andy: When it doubt, spell it out! Expecations (from both buyer and seller) are often way off-base where personal property is concerned.

Sep 14, 2018 07:18 AM #1
Rainmaker
1,921,013
Andrew Mooers | 207.532.6573
MOOERS REALTY - Houlton, ME
Northern Maine Real Estate-Aroostook County Broker

We created the dotted line course from listing to real estate closing. And correct with a neck rein here and there to avoid and go around obstacles for the clear to close Anita Clark !

Sep 19, 2018 05:30 AM #2
Ambassador
3,059,942
Debe Maxwell, CRS
www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310 - Charlotte, NC
Charlotte Homes for Sale - Charlotte Neighborhoods

I love the idea of making a list, Andy! I have a seller who is willing to leave all furnishings behind - but, for what price. "We'll discuss that if they want them" was what they said. I think a list would be much easier & cleaner to present to a buyer. 

Happy Thursday!

Sep 20, 2018 05:54 AM #3
Rainmaker
5,119,757
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

The contract should clearly state what is included in sale if there is not a separate signed agreement relating to personal property.

Sep 27, 2018 03:55 PM #4
Rainmaker
3,152,400
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Hello Andrew- - -the "expectations"  certainly vary by state so if a buyer wants something or a seller wants to exclude items it is best to have it in writing. 

Sep 29, 2018 10:33 AM #5
Rainmaker
3,096,577
Sally K. & David L. Hanson
EXP Realty 414-525-0563 - Brookfield, WI
WI Realtors - Luxury - Divorce

We have every Seller make lists...you just inspired a post...a great weekend to you Andrew Mooers | 207.532.6573 !

Oct 05, 2018 06:28 AM #6
Rainmaker
749,928
Kasey & John Boles
Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com - Boise, ID
Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties

Stoves are left in homes here, it's part of the standard contract. Other items that are not considered fixtures are listed in the extra included items section of the contract and left at no value, or else the buyer and seller can work it out and do a bill of sale which is not something we are a part of. -Kasey

Oct 10, 2018 10:28 AM #7
Rainmaker
5,119,757
Roy Kelley
Realty Group Referrals - Gaithersburg, MD

Thanks for visiting my blog. It is always good to hear from you.

Have a most productive December.

 

Dec 02, 2018 08:38 AM #8
Ambassador
3,855,499
Jeff Dowler, CRS
Solutions Real Estate - Carlsbad, CA
The Southern California Relocation Dude

Hi Andrew

You've raised a great point about personal property and the issues it can raise. Sometimes sellers want to leave stuff, or sell it. Other times buyers inquire. It's important to spell out what stays and what goes if there are questions. And keep the financials out of it.

Jeff

Dec 05, 2018 07:13 AM #9
Rainmaker
2,702,056
Laura Cerrano
Feng Shui Manhattan Long Island - Locust Valley, NY
Certified Feng Shui Expert, Speaker & Researcher

This situation might be a little different in Maine but I think it’s a universal truth that people think these things even in the middle of the country and beyond

Jan 25, 2019 10:29 PM #10
Rainmaker
4,789,443
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

Hi Andy.  The items that are staying with the home should be made clear to both the buyer and the seller.

Feb 17, 2019 04:49 AM #11
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Rainmaker
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Andrew Mooers | 207.532.6573

Northern Maine Real Estate-Aroostook County Broker
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