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Buying and selling a home is one of the biggest events in your life. As a top Madison real estate agent, I have the experience and track record you are looking for. Please let me help.
- Susi Haviland
Real Estate Contracts >The Sales Price
After your search for a house and all the negotiations are over, you arrive at the the sales price. Finally, you feel some certainty about your bottom line. However, it is not unusual for there to be disagreements about what is included in the sales price. Careful drafting of the paperwork can help to avoid future disputes.
The following definitions may help. Real property is land and any permanent attachments, such as buildings, landscaping and fences. Personal property consists of movable possessions, such as furniture and clothing. A fixture is defined as an item of personal property which has become part of the real property by virtue of becoming permanently attached, such as a new sink, a Jacuzzi, or a chandelier.
The principal area of dispute about the sales price often relates to fixtures. Most preprinted real estate contracts will provide space for the fixtures to be listed. Whether you are selling or buying, you should make use of this space. Do not assume curtains, satellite discs, antennas or fireplace equipment come with the house. You should also make it very clear what you don't want left on the property. If you are specific about every item that may be questionable, you will greatly reduce the chances of a dispute after the closing.
Susi Haviland Stark Company Realtors 702 N. High Point Rd. Madison, WI 53717 608-576-9211 Fax: 608-836-3744 susihaviland@number1expert.com
Susi Haviland is #1 in Residential Sales - she is the 1992- 2011 Sales Associate of the Year! Susi is known for her creativity and boundless energy, and she creates a unique marketing plan for her buyers and sellers. Put Susi to work for you! Call or email her today!