Check what's included when buying a home
Too many buyers put in an Offer to Purchase after seeing a property but without checking what is actually included.
Too many homebuyers put in an Offer to Purchase without checking what fixtures, fittings or details are included in the sale. This can be a severe disappointment if there were particular items that were incorrectly assumed to be a part of the deal, says T-Square Real Estate Services, Inc
It is important to bear in mind that when a property is 'staged to sell', not everything is considered a fixture that will be left behind. It could, in fact, be that some fittings and features of the property are not of a permanent nature, and therefore not included in the sale. That is why the buyer should ask signing the Offer to Purchase.
What is considered a permanent fixture?
The definition of a permanent fixture is that of an item that is permanently attached or fixed. However, due to the fact that there is no legal definition of what constitutes a permanent fixture it is generally considered that ‘fittings’ are items that are freestanding or are easily removed.
When viewing a home the buyer might see a fitted chandelier or light fitting that is a family heirloom, which is not to remain, and they will be replacing it with an alternative when they move. The buyer might assume it comes with the house, which would cause a dispute later. It could be that the seller has possibly commissioned this for themselves and does not intend to leave it in the home, as they see it as an item of furniture and not part of the property.
Other items that one might assume remain in the property could be things such as the burglar alarm, solar heating system, air-conditioning units, garden shed, pergola or gazebo, shelving (not be fixed to the walls, but may seem so), pool equipment, or safe, to name a few.
Buyers, on the other hand, should inspect the property room by room, and any item that might be removable which they'd like to remain should be included in the purchase agreement in a checklist. If items are ticked off as ‘included’ or ‘excluded’, misunderstandings between the buyer and seller are avoided, making the transaction straightforward as all the parties know exactly what they have signed for.
Adapted from article via Private Property