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Left Field Media |
| Custom newsletters produced for the mortgage and real estate professional. |
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What Conveys And What Doesn't “I’M GETTING READY TO PUT MY HOUSE ON THE MARKET AND I'm not sure what household items—such as the washer and dryer, the drapes, etc.—are supposed to be part of the sale. are there any guidelines for this?” First of all, it is wise to think ahead of time about what items are real property and therefore sold with the home (also known as “conveying’) versus what items are personal property and taken by the seller. You certainly don’t want misunderstandings cropping up later that could potentially derail the sale. As a general guideline of what conveys and what doesn’t, if an item is attached or secured to the house or property in some way, it usually conveys to the buyer. However, this is a very general rule and it’s customary for many items—such as refrigerators, washers and dryers, chandeliers, etc.—to convey in some markets and areas of the country and not convey in others. Your best bet is to walk your home with your real estate agent and decide ahead of time what items you’re planning on taking with you when you move. Your agent can then put that information into the listing and avoid any confusion. Don’t assume that you and a buyer will be on the same page when it comes to what conveys and what doesn’t. ∆
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