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Personal Property In A Real Estate Sale, What's Up With That?

The home for sale is in tip top shape and the personal property arranged just so in all the rooms.

The home buyer likes what he sees and we're not talking just the room sizes, the house features and location. The furnishings, the outdoor patio items, the toys in the garage all add to the sizzle of the real estate sale. But personal property, what stays, what goes, what do each party expect in the real estate sale?personal property in a house sale photo

Are there laws in your state that say a cook stove has to be left in the sale of a house?

Do the buyer and seller you are working with on a real estate sale know the difference between what's a fixture, what's personal property?

How to handle the personal property scattered around the listing for sale?

The stuff from Wally World, the family heirlooms, the trash or treasure appointments of the what's for sale. Make a list of what's not for sale, what is available and for how much. The new buyer can purchase some, none, all of the items clearly spelled out on the yellow legal pad list that you provide to them. Once the seller has generating one and knows where they are heading, what is not going to be carried on by two men and a small boy into the big dark expensive moving van.

Not everything in the home for sale has value. A new couch was bought and the two older ones just pushed deeper into the room has happened. Clutter. Who inherits it and where does it go? Is the seller planning on leaving behind what should be escorted to a large open dumpster? The expectations need to be spelled out upfront and through the ever changing landscape and mood of the real estate sale.

Read full article on Personal Property In A Real Estate Sale ? What Stays, What Goes?

I'm Maine REALTOR Andrew Mooers, ME Broker

info@mooersrealty.com | 207.532.6573

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Comment balloon 9 commentsAndrew Mooers | 207.532.6573 • September 12 2018 02:40PM

Comments

Andy: When it doubt, spell it out! Expecations (from both buyer and seller) are often way off-base where personal property is concerned.

Posted by Anita Clark, Realtor - Homes for Sale in Warner Robins GA (ColdwellBanker SSK Realtors ~ 478.960.8055) 3 months ago

We created the dotted line course from listing to real estate closing. And correct with a neck rein here and there to avoid and go around obstacles for the clear to close Anita Clark !

Posted by Andrew Mooers | 207.532.6573, Northern Maine Real Estate-Aroostook County Broker (MOOERS REALTY) 3 months ago

I love the idea of making a list, Andy! I have a seller who is willing to leave all furnishings behind - but, for what price. "We'll discuss that if they want them" was what they said. I think a list would be much easier & cleaner to present to a buyer. 

Happy Thursday!

Posted by Debe Maxwell, CRS, Charlotte Homes for Sale - Charlotte Neighborhoods (www.iCharlotteHomes.com | The Maxwell House Group | RE/MAX Executive | (704) 491-3310) 3 months ago

The contract should clearly state what is included in sale if there is not a separate signed agreement relating to personal property.

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 3 months ago

Hello Andrew- - -the "expectations"  certainly vary by state so if a buyer wants something or a seller wants to exclude items it is best to have it in writing. 

Posted by Michael Jacobs, Los Angeles Pasadena Area Real Estate 818.516.4393 (Coldwell Banker Residential Brokerage) 3 months ago

We have every Seller make lists...you just inspired a post...a great weekend to you Andrew Mooers | 207.532.6573 !

Posted by Sally K. & David L. Hanson, WI Realtors - Luxury - Divorce (EXP Realty 414-525-0563) 2 months ago

Stoves are left in homes here, it's part of the standard contract. Other items that are not considered fixtures are listed in the extra included items section of the contract and left at no value, or else the buyer and seller can work it out and do a bill of sale which is not something we are a part of. -Kasey

Posted by Kasey & John Boles, Boise & Meridian, ID Ada/Canyon/Gem/Boise Counties (Jon Gosche Real Estate, LLC - BoiseMeridianRealEstate.com) 2 months ago

Thanks for visiting my blog. It is always good to hear from you.

Have a most productive December.

 

Posted by Roy Kelley, Roy and Dolores Kelley Photographs (Realty Group Referrals) 14 days ago

Hi Andrew

You've raised a great point about personal property and the issues it can raise. Sometimes sellers want to leave stuff, or sell it. Other times buyers inquire. It's important to spell out what stays and what goes if there are questions. And keep the financials out of it.

Jeff

Posted by Jeff Dowler, CRS, The Southern California Relocation Dude (Solutions Real Estate ) 11 days ago

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