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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 
Where is the world's oldest hotel?

A 
The Hotel Ryokan in the village of Awazu, Japan dates back to AD 717, when an inn was built near a hot spring reported to have miraculous healing properties.
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The Hergenrother Team, REALTOR®, real estate agent and broker for Burlington, Williston and Colchester, Vermont home listings, property and land for sale - NUMBER1EXPERT

The Hergenrother Team
Keller WIlliams Realty Green Mountain Properties

302 Mountain View Dr
Third Floor
Colchester, VT 05446
Phone: 802-488-3488
Fax: 802-419-3769
Team: Info@WinningResultsVT.com
Sarah: sarah@vermontkw.com
Adam: adam@vermontkw.com

Whether you're looking to buy or sell your home in Vermont, either in Chittenden, Lamoille, Washington, Addison, Franklin, or Grand Isle counties or you're considering relocating to Vermont - we're here to help you!

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