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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 
What U.S. state is home to the world's richest woman?

A 
Alice Walton, daughter of WalMart's founder and heiress to $16.5 billion, lives on a ranch in the state of Texas.
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Marsha Dashiell, REALTOR®, real estate agent and broker for Auburn, Lincoln and Rocklin, California home listings, property and land for sale - NUMBER1EXPERT(tm)

Marsha Dashiell
Keller Williams

3001 Lava Ridge Court, Suite 100
Roseville, CA 95661
Phone: 916-580-5400
Fax: 916-580-6110
Email: marshadashiell@NUMBER1EXPERT.com


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