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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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Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?
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Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria. |
 See More Real Estate Trivia > |
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Greg Adams
Century 21 Bradley
6357 Constitution Drive
Fort Wayne, IN 46804
Cell: 260-433-0844
Fax: 260-434-1374
Office: 260-434-1344
Voice Mail: 260-479-1132
gregadamsteam@NUMBER1EXPERT.Com
gadams3327@aol.com
As a Fort Wayne native and a lifetime resident Greg Adams’ has a vast knowledge of the area and local community, and as a result, has a unique perspective on the city and what it has to offer. His exceptional ability to think outside the box when a situation requires a unique and innovative solution makes him a top producing realtor. He has over 33 years of experience, numerous awards and an impressive record of being in the top1% of his field. Whether you are new to the market, thinking of moving up, or even an experienced investor, Greg has the expertise, energy, enthusiasm and access to resources to help you achieve your goals. With a combined 40 years experience in real estate and over 2500 homes marketed and sold, our clients’ best interest is our teams top priority! You can expect individual attention from Greg and his team comprised of Beth Watkins, Heidi Kleinrichert and Rhonda Colbert. Our motto is, “Putting the needs of clients is the first and foremost objective of our team.” Call today for your personalized attention 260.433.0844!     
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