Real property vs. personal property

Real vs. Personal Property left

The last thing you want at closing time is a dispute over what goes with the house and what doesn’t. But it isn’t all that unusual for a buyer to think a particular item is included in the sales price, while the seller never had any intention of including the same item! Classic examples include window coverings, lighting fixtures, and chandeliers. But just about anything which a buyer might construe as being “part of the house” has the potential for misunderstanding and disagreement.

Generally, the law says that anything that is part of the land or attached to the house and is immovable or can’t be removed without damage, or anything incidental or appurtenant to the land is real property. Personal property is everything else – the possessions you take with you when you move.

The law recognizes the intent and manner with which an item is attached in determining whether an article or fixture is real or personal property. Built-in appliances are generally considered real property, while free-standing ones are usually personal property. If removing the item requires pulling nails, it’s probably real property. If it can be unscrewed and removed without leaving any damage, it might be an item ready to cause some disagreement!

To avoid problems, both buyers and sellers should make detailed lists of any items included in the sale before closing. As a seller, give your list of things to be included to the closing agent. If there is something you want to take with you, and it requires removing a screw or nail, put it in the contract.

Remember, as, with everything else in real estate; it’s all negotiable. If there is a unique item you want to have been included in the purchase, you may be able to get it included at a reasonable price. Especially if the item won’t fit in with the new home, the seller is moving to.