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Real Estate Tips
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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Real Estate Trivia
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Where is the world's largest art gallery?

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At the Winter Palace and Hermitage in St. Petersburg, Russia, visitors would have to walk 15 miles to see the 322 galleries which house almost 3 million works of art.
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Bob Harris, REALTOR®, real estate agents and broker for Charlottesville Area, Albemarle County and Greene County Virginia home listings, property and land for sale - NUMBER1EXPERT(tm)

Bob Harris
Real Estate III Forest Lakes

1770 Timberwood Blvd. Suite #101
Charlottesville, VA 22911
Phone #: 434 817-5888
800 455-7222
Fax #: 434 974-7376
Email: bobharris@NUMBER1EXPERT.com

Bob Harris and his team specialize in satisfying client needs by listening first, and then performing over and above expectations. Bob brings to the table twenty-four years of successful sales and marketing experience, a proven track record in strategy planning, prospecting, presentations, negotiations, customer service, problem solving and all other sales related areas.

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