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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.
Please call an agent who will always put your interests first. I want to be your trusted Real Estate advisor and agent. If you or someone you know needs expert Real Estate assistance, then please call me at (719) 337-1203. I look forward to speaking to you and earning your trust for a lifetime.
My personal tag line says it all...YOUR Family, YOUR Home, Your Trust!!!
www.HomesAroundthePeak.com
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Real estate agent(s) for Colorado Springs, Monument and El Paso County, Colorado
