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All your hard work!
Ron, we just want you to know how much we appreciated all of your hard work. You started helping us before we left Minnesota, promply responding to all of our calls, and went out of your way to find us a house that we're very excited about. We will refer business your way whenever the opportunity arises!
Jason & Patty Soderlund
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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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What characteristics must a home have to be considered a prestigious property?
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Unique architectural design; Highly desirable location; celebrity status--owned by a well-known person. |
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