Real vs. Personal Property left
At closing time, the last thing you want is a dispute over what goes with the house and what doesn’t.

It isn’t all that unusual for a buyer to think a particular item is included in the sales price, while the seller never had any intention of including the same item!

Classic examples include window coverings, lighting fixtures and chandeliers. But just about anything which might be construed by a buyer as being “part of the house” has the potential for misunderstanding and disagreement.  

Generally, the law says that anything which is part of the land or attached to the house and is immovable, or can’t be removed without damage, or anything which is incidental or appurtenant to the land is real property. Personal property is basically everything else – the possessions you take with you when you move.  

The law recognizes the intent and manner with which an item is attached in determining whether an article or fixture is real or personal property.

Built-in appliances are usually considered real property, while free standing ones are usually personal property. If removing the item requires pulling nails, it’s probably real property. If it can be unscrewed and removed without leaving any damage, it might be an item ready to cause some disagreement!  

To avoid problems, both buyers and sellers should make detailed lists of any items to be included in the sale before closing.

As a seller, give your list of items to be included to the closing agent. If there is something you want to take with you, and it requires removing a screw or nail, put it in the contract.  

Remember, as with everything else in real estate, it’s all negotiable. If there is a unique item you want included in your purchase, you may be able to get it included at a reasonable price. Especially if the item won’t fit in with the new home the seller is moving to.     

Las Vegas Luxury Homes, golfhomeslv.com, Las Vegas Luxury Real Estate, Las Vegas Luxury Golf Homes, luxuryhomes.com




© 2014 BRER Affiliates LLC. An independently owned and operated broker member of BRER Affiliates LLC. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide. Used under license with no other affiliation with Prudential. Equal Housing Opportunity.
 


Licensed in Nevada



The data related to Real Estate for sale on this website comes in part from the INTERNET DATA EXCHANGE (IDX) program of the Greater Las Vegas Association or REALTORS® MLS.

Information deemed reliable but not guaranteed.
Copyright © 2014 of the Greater Las Vegas Association of REALTORS® MLS. All rights Reserved.

 


Lester Jew - Lic. 57465 | GolfHomesLV.com Prudential Americana Group REALTORS® 3185 St. Rose Parkway, Suite 100 Henderson, NV 89052
Phone: Cell: Fax:

ABOUT | CONTACT | FREE HOME VALUATION | Find A Home! | LATEST GOLF NEWS | MLS SEARCH | FOR BUYERS | REAL ESTATE NEWS | SELLING YOUR HOME | FEATURED HOMES | PROPERTIES | HOME | Financing | Site Map | FREE REPORTS | Selling One, Buying Another

Copyright © 2014 Lester Jew - Lic. 57465 | GolfHomesLV.com
Portions Copyright © 2014 a la mode, inc.
Another XSite by a la mode, inc. | Admin LoginTerms of UseSite Map
All rate, payment, and area information are estimates and approximations only.



 
State:
County:
City:
Zip: