There use to be a saying in Real Estate "Buyer be ware"
After you read Sybil's post you might want to change that to "Seller be ware"
Realtors, please tell your sellers to beware of what a buyer may believe to be an attached item! Recently a house sold in an upscale gated golf community in the Williamsburg area. The sales contract stated that the house and all "attached items" would covey to the buyer. When the purchasers bought the house they were surprised to see that the large plasma television had been removed. They believed that the television would convey as it was attached to the wall with bolts. They sued the seller and won.
So the lesson for me is that I will make sure that all items that do not convey are specifically listed in the contract. Think about it the next time you write up an offer to purchase property.
REMEMBER WHATEVER THE DIRECTION SYBIL CAN HELP YOU FIND THE HOME OF YOUR DREAMS
Sybil Campbell, REALTOR, ABR, SRES
Long and Foster REALTORS
(757) 897-5889
www.buywilliamsburghomes.com
sybilcampbell@cox.net
Good advice. Every contract should contain very specific information on the personal property that conveys. A few minutes spent on this can avoid a lot of misunderstandings.
Inclusions can be a bear....that is why a list is best to avoid any misunderstanding...good thought !
wow, interesting lesson learned. thanks for the repost, didn't catch it the first time around.
Sound advice, but I look at it on both sides of the deal. State clearly what you want and state clearly what does not stay. This helps avoid coinflicts to an extent but my gut tells me we will always deal with buyer-seller misunderstanding.
Bob, the old fixture vs. personal property controversy. If it's not "nailed down" it is personal property otherwise it is a fixture. Looks like the court agreed. Good information. Thanks for reblogging.
This is very good advice; it's amazing how pissy people can get over the smallest detail! I like to have sellers specify what stays and to have them remove or change anything that buyers might ask to have "thrown in" BEFORE buyers see it!! I like to have buyers detail what they expect to remain, and what they want removed in the initial offer, when everyone is eager.
Bob, Thanks for the re-blog. You can do that any time! Have a good weekend.