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Personal Property

December 10, 2024

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.

f you have any questions about this real estate tip - or any other tips you may have heard elsewhere - please do not hesitate ask! There is no obligation and you'll hear back quickly!

__________________

Bill Cullin
Your Real Estate Source at the Delaware Beaches

Call or Text: (302) 841-7147
Toll Free: (800) GO-BEACH, Ext 27117
Email: Bill.Cullin@LNF.com

Websites:
DelawareBeachRE.com
TheHenlopen.com

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*2023-17th Consecutive Year: Top Producing Agent at Long & Foster’s Rehoboth Beach Office

*2023-4th Consecutive Year: Overall Top Producing Individual Agent in Delaware at Long & Foster

*2023-4th Consecutive Year: Member of the Long & Foster’s Gold Team Master Club Level, with sales volume of over $20-35 million

*2023-Resort and Second Home Property Specialist Designation Earned

*2023-10th Consecutive Year: Five Star Professional Award-Winning Sales Agent

*2022-3rd Consecutive Year: Recognized within Top 20 Agents in Delaware according to RealTrends

*2022-13th Consecutive Year: “Zillow.com 5 Star Professional”, with “Best of Zillow” designation awarded in 2019

Long & Foster Real Estate, Inc.
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971
Office: 302-227-2541, Ext 27117

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