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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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Q	The smallest of Canada's 1000 Islands shares a name with a fairy tale hero. What is it?
A	Tom Thumb
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Mike McCaffree, REALTOR®, real estate agent and broker for Nevada, El Dorado Springs and Lamar, Missouri home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike McCaffree, CRB, CRS, E-Pro
McCaffree Real Estate
112 West Walnut
Nevada, MO. 64772
Phone: 417-667-3311
Fax: 417-667-0492
Email: mike@mccaffree.com
My name is Mike McCaffree and I have been a full time Realtor since 1997. I specialize in listing and sellingresidential, small acreages, and farm properties. Please feel free to contact me and I will work hard to get results.

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