Why it Pays to Know Exactly What Goes With Your Home Sale

http://www.cbbaker.com for Wilmington NC real estate

What stays with the home you’re selling? To use the legal lingo, what will convey?

  • The Rule

LightGenerally, real property will convey. Real property is anything attached to the house that would leave visible damage if removed. Typically included: the house, land, trees, shrubbery, fences, TV antenna, and any fixture outside or inside (such as wall-to-wall carpeting or built-in cabinets.). Anything else is personal property. You can take with you any freestanding personal property you want – the washer and dryer, refrigerator, firewood, swimming pool chemicals, window air conditioner, and so on – if removing the items doesn’t change the condition of the house. Ask us about typical local practice.

  • The Strategy

Wilmington NC real estate

If there is real property in your home that you can’t bear to leave behind, either remove it before showing (and repair any damage caused by removal) or specify in the contract that it does not convey. Disclosure helps avoid deal-killing misunderstandings.

  • The Options

Some sellers leave behind awnings and window treatments bought to fit specific windows. Sellers may offer to leave items they no longer need, such as a riding mower; and buyers might ask for personal property like garden tools. Some items like chandeliers are normally considered real property. Your buyer may agree to let you take it, but if your sale hinges on the conveyance of the chandelier, let the chandelier go!

Reminder: If you are wanting to sell your home in the next 6 to12 months, now is the time to begin putting your plan into place, while time is still on your side. Please contact us for any real estate assistance you may need.

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