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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 
In what real estate market are more than 90 percent of home sales cash transactions?

A 
Palm Beach, home to princes, politicians, and CEOs, has homes from 2,000 sq.ft. condos to 56,000 sq.ft. estates.
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Claudia Hohlt, REALTORŪ, real estate agent and broker for Lake Conroe, Conroe and Montgomery, Texas home listings, property and land for sale - NUMBER1EXPERT

Claudia Hohlt
HomesPlus Real Estate Services

19755 Hwy 105 West
Montgomery, TX. 77356
Phone: 936-537-1656
Fax: 936-588-3783
Alternate: 936-582-7710
Email: claudia@claudiahohlt.com

I am a long time Montgomery County Realtor who is very familiar and committed to this area. If you are considering buying or selling, I have the experience necessary to efficiently and effectively manage the process and help you maximize value in your next real estate transaction. Helping people on the move is my business........

REALTOR GRI Equal Housing MLS


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