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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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| Q |
Over what famous building is aircraft forbidden to fly at any time?
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No aircraft is permitted to fly over the Taj Mahal in India. |
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Jacqueline Scura
RE/MAX First Choice
1160 Rt. 46 West
Parsippany, NJ 07054
973-335-4600
Fax: 973-335-7836
Jackie@JackieScura.com
Jackie Scura Is The Broker Of Re/Max First Choice Realtors In Parsippany “I Love What I Do”, Says Jackie. “I Am 110% Committed To My Clients. Customer Service Comes First! Each And Every One Of My Clients Are Treated Like They Are My Only Client. They Know That I Am Available 24/7!”
Jackie Has Been Named Morris County’s # 1 Realtor By IMS Statistics Company. At Year’s End Of 2009 Jackie Was The #1 RE/MAX Realtor In The State Of New Jersey, #19 In The Nation & #37 In The World.
Don't Take A Chance With One Of The Most Important Decisions Of Your Life, Make Your First Choice Jackie, The Rest Will Be Easy!
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