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How To Avoid Unethical Behaviors And Dirty Tricks Of Realtors
Like in many professions and occupations there are honest and ethical people and there are some who aren’t. Since the commissions of the Real Estate Agent are being paid by the seller of the house a buyer cannot relay on his objectivity or impartial...
Mortgage Tips From Me To You
At some point in your adult life, you are likely to purchase a house of your own. Whether you are sick of renting, or you have decided to settle down and start a family, purchasing your first home can be an exhilarating and nerve-wracking adventure....
Selling Your Home – Alone Or With A Broker?
How do you decide whether to sell your home (or land, farm, ranch, etc.) on your own or use a real estate broker? There are pluses and minuses to each approach. Let’s look at some of the key ups and downs. Only you can decide which approach has the...
Successful Methods Of Real Estate Lead Generation
Acquiring leads is the single most important and difficult aspect of the real estate business. Without a lead, there is no client, so all realtors dedicate a significant amount of time to collecting contact information and establishing relationships...
WHAT IS A HOME INSPECTION?
A home inspection is defined as an objective visual examination of the physical structure and systems of a home, from the roof to the foundation. In layman’s terms, having a home inspected is akin to giving it a physical check-up. If problems or...
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Selling a Home – What Personal Property Stays?
The home selling and buying process can be confusing, particularly when it comes to figuring out what items stay with the home. This is especially true when it is a FSBO (for sale by owner) operation. It’s even tougher when neither the seller nor the buyer is in the real estate business. This article sorts out what personal property stays with the home when it is sold.
Personal Property
Although every state has slightly different rules, there are general guidelines to what goes and stays when a house is sold. Typically, any items attached to the home stay with it while non-attached items are considered personal property and go with the seller. For instance, the seller typically takes personal property such as tools and potted plants.
Certain personal property items, however, don’t always go with the seller. In Virginia, items such as stoves, washers and dryers, refrigerators and built-in microwaves usually stay with the home when the buyer moves in.
If you’re a seller and you don’t offer the items generally expected to convey, you make your property less attractive than the competition. With the
red-hot real estate market, it may not matter. You may still sell your property quickly and easily.
Conversely, if you’re a buyer, you can gain an edge with a seller who wants to keep an item of personal property. Allowing them to haul off a particular item is a good way of building good will. When deciding how you want to approach your options here, consider how competitive the situation is and the monetary value of the item. You always want to keep the big picture in mind.
As with most things related to the real estate buying and selling process, keep in mind the relationship between the parties. The buyer and seller are not enemies and all items on the table don’t carry equal importance for both parties. If you are willing to be reasonable, there is almost always a win-win solution.
Selling and buying a home can be an emotional rollercoaster. If the parties work together, it doesn’t have to become a scary one.
About the Author
Raynor James is with FSBOAmerica.org - sell and view homes for sale by owner online. Sellers list your home for free the first month.
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