Pages

June 11, 2013

What Can and Cannot be Included in the Sale of a Home


When prospective buyers tour a home for sale, they often see some of the owner’s personal belongings, such as furniture, that they would like to keep with the home when purchased. However, there are quite a few limitations on what personal property can legally be conveyed. Personal property is a type of property that includes any asset other than real estate. Personal property is movable, while real estate is not. In other words, personal property is not fixed permanently to one location as is real property such as land or buildings. Imagine you turn your house upside down. Those items that fall to the ground are personal property (chattel). Those items that remain attached to house are fixtures, and can be included in a purchase and sale contract. If you are not sure whether something is considered personal property, I can help. 

Here’s a list of some items that a seller can and cannot convey to home buyers:

Acceptable to Convey
Not Acceptable to Convey
Built in appliances such as stoves
Appliances not built in, for example, blenders
Above ground pools
Patio furniture such as picnic benches
Window treatments
Lawn mowers and other lawn care tools & equipment
Sheds
Artwork
Secured swing sets and built-in sandboxes
Stereo systems and wall-mounted speaker systems
Speaker systems embedded in the drywall
Televisions and projectors
Projection screens (not projectors)
Loose and free-standing shelving
Boat docks and slips that aren't real property
Free standing microwaves and grills
Spa/hot tub and pool/spa care equipment
Pianos
Built in shelving
Furniture of any kind (bar stools, couches, etc.).
Permanently attached outdoor kitchen grills

Basketball rims and poles, as well as pool tables





No comments: