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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.
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Exactly how many islands are included in the group called the 1000 Islands?
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There are actually 1,864 islands in the 80-mile stretch in the St. Lawrence River, between Ontario, Canada and New York State. |
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The Janet Jurich Team
Prudential Snyder Real Estate
#1 Brickyard Drive
Bloomington, IL. 61704
Phone: 309-825-2078
Email: JanetJurich@gmail.com
Janet's real estate career has evolved into a very successful business. Her experience in sales and service and owning a business in NYC contribute's to her great work ethic. Her client's attribute her success to top quality customer service and caring about what she does knowing that her job affects peoples lives. She has lived in the Bloomington Normal area since 1989. If you are relocating she will show you what Bloomington Normal has to offer.    
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