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Real Estate Contracts >Personal Property
When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?
There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.
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What are considered the ideal conditions for a seller's market?
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In a seller's market, prices are firm and good houses are sold before advertised or as soon as they show up in the MLS. |
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Hazel Smith
Keller Williams Real Estate - Bucks County South
584 Middletown Blvd. #A50
Langhorne, PA 19047 US
Real Estate Number: RS277652
215-696-2018
215- 757-6100 x 145
hazeldirect@comcast.net
I am an experienced agent with Keller Williams Real Estate willing to go the extra mile for you. I pride myself on the number of satisfied past clients I have. It is my goal to achieve your 100% satisfaction.    
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