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Real Estate Tips

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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Real Estate Trivia

Q 
During what months of the year do most people move from one home to another?

A 
Most moves occur between the months of May and September.
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The Realty Quest Team, REALTOR®, real estate agent and broker for Idaho Falls, St. Anthony, Rexburg and Rigby, Idaho home listings, property and land for sale - NUMBER1EXPERT

The Realty Quest Team
Realty Quest

117 West Main
Rexburg, ID 83440
Phone : 208.356.8787
Toll Free: 888.212.5700
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E-mail: Judy@JudyHobbs.com

As Owner/Broker and Listing Specialist, Judy has made real estate her passion here in the Upper Valley since 1977. She has had the privilege of working for thousands of buyers and sellers in those years and is still excited every day about serving you. Judy continues to train, re-educate and explore all new tools to be certain you are being served with new technology, while knowing that our job is not houses or dirt - it is people. Client Centered Care is our focus.

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