Real Property vs. Personal Property when purchasing Real Estate in Greenville & other Upstate areas
When you get to closing time, the last thing you want 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; afterall the item was in the house when you viewed it and decided it was the one, while the seller never had any intention of including the same item in the sale!
Classic examples include window coverings, lighting fixtures and chandeliers. But just about anything which might be construed by a buyer as being “part of the house” has the potential for misunderstanding and disagreement.
Generally, the law says that anything which is part of the land or attached to the house and is immovable, or can’t be removed without damage, or anything which is incidental or appurtenant to the land is real property, also known as fixtures. Personal property is basically everything else – the possessions you take with you when you move, or trade fixtures that you for your business..
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 usually considered real property, while free standing ones are usually personal property. If removing the item requires pulling nails, it’s probably a fixture. If it can be unscrewed and removed without leaving any damage, it might be an item in the gray area, and may cause some disagreement!
Our experience is that to avoid problems, both the buyers and sellers should make detailed lists of any items to be included in the sale before closing. As a seller, give your listing agent a list of items to be included, preferrably during the listing, so that it can be part of the listing details. 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 included in your 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.
