Who gets the furnishings when a home is sold?
Fixtures, any kind of personal property that is permanently attached to a house (such as drapery rods, built-in bookcases, tacked-down carpeting or a furnace), automatically stay with the house unless specified otherwise in the sales contract. But you can consider anything that is not nailed down negotiable. This most often involves appliances that are not built in (washer, dryer, refrigerator, for example), although some sellers will be interested in negotiating for other items, such as a piano.
This is up for negotiation during the contract phase. In general furnishings are personal property and are not sold with the real estate. Unless specifically mentioned in the contract it can be expected that the furnishings will be removed prior to closing. If the buyer would like to purchase some or all the furniture this would be done by a separate bill of sale. It is advisable to conclude the agreement on the list of items to be sold as part of the contract negotiations. That way the real estate price can be tied to the sales price of the furnishings and visa versa. Furnishings that are attached to the real estate are most likely fixtures and fittings and belong to the real estate. They will stay with the property. If in doubt it is always advisable to list the fixtures as part of the sales contract if it is unclear if something will stay with the property.
When most people tour a house, it is filled with furniture and belongings that, for the most part, belong to the family that lives there at the time. But there are bits and pieces of the home that stay behind once the sellers move out. Do you know everything that stays and everything that goes? Here is a helpful guide to walk you through the process of what you can expect to be there in the home when you move in and what you are going to have to provide yourself. Although there are no concretes when it comes to what gets left behind during a move out, you can expect to have certain things available to you when you move in. All light fixtures should still be in place and you should expect them to be in perfect working order. Light bulbs, on the other hand, are a question mark. Some people leave them, some people take them, there really is not a definite answer on that one. There are personal property items that you can, in most cases, expect to be left behind when you move in. In the ba
Most real estate experts say there is no such thing as getting rich quick in real estate. But there are no end of get-rich-quick programs presented to the public as alternative methods of buying real estate. Some are reputable while others depend on your financial circumstances to work. A handful are simply scams. Q: What repairs should the seller make? A: Most sellers like to make all minor repairs before going on the market in order to seek a higher sales price. In addition, nearly all purchase contracts include a buyer contingency “inspection clause,” which allows a buyer to back out if numerous defects are found. Once the problems are noted, buyers can attempt to negotiate repairs or a lower price. Q: What is the difference between list price, sales price and appraised value? A: The list price is a seller’s advertised price, a figure that usually is only a rough estimate of what the seller wants to get. Sellers can price high, low or close to what they hope to get. To judge whether
The more you know about a seller’s motivation, the stronger a negotiating position you are in. For example, a seller who must move quickly due to a job transfer may be amenable to a lower price with a speedy escrow. Other so-called “motivated sellers” include people going through a divorce or those who have already purchased another home.
