When buying or selling a home, there is a lot going on. It can be easy to get
caught up in the process and activity and overlook details that are
important. One of the most overlooked issues is to define what comes with
the home. Certain items, particularly fixtures and appliances, can be areas
of confusion and should be clearly discussed in the contract.
Here are a few examples:
· Fixtures – Fixtures are items attached to the property and typically
transfer with the home. These include window treatments, built-in shelving,
and lighting fixtures.
· Appliances – Appliances can be confusing. Anything built-in
transfers with the home, but others such as the refrigerator, washer/dryer,
or stand-alone stove might not.
· Personal Property – This is an area that can cause confusion. It’s
assumed that furniture is owned by the sellers, but what about a room air
conditioning unit? If there’s anything the buyer wants, they should be clear
in the contract.
· Outdoor Items – Items like sheds, outdoor furniture, BBQs, and
playsets should be addressed in the contract. They may not be
automatically included in the contract.
There are many aspects of a real estate transaction that can be negotiated.
The focus typically tends to be on price, loan, payments, and other financial
considerations. This is normal. However, taking a step back to consider the
expectations of what other items transfer with the home can avoid
disappointment and conflict
Katrina Eileen Brokerage | 