Real Property or Personal Property?, by Clyde Brown, Fremont, Pleasanton, San Jose Real Estate Expert

The difference between real property and personal property may seem obvious - until closing day.  As a professional real estate agent in the Fremont, Pleasanton, San Jose area, I have seen many misunderstandings come about unnecessarily.  An easy way to avoid problems at closing is to have a clear understanding of what stays with the house in writing.  Negotiating every detail is vital to the success of a purchase and sale.

Real property consists of everything that is permanent including the house, the land, and permanently affixed items.  Examples of permanent items are hard wired lighting fixtures and nailed down wall-to-wall carpeting.  Examples of personal property are furniture pieces, dishes, and towels.  Some items such as certain appliances, fall into a gray area and may be considered either real or personal property.  In order to avoid misunderstandings at closing, make sure your purchase offer specifically lists any appliances or other items that are to remain with the house. 

An item can become real property when negotiated as part of the sales contract.  This has become common in the Fremont, Pleasanton, San Jose area especially with so many custom kitchen renovations taken place.  For example, if a particular appliance fits perfectly within a space, the buyers would want that appliance to remain.  The sales contract insures that appliance will remain with the house if negotiated as such.  Visit http://www.ClydeBrownHomes.com for examples of houses for sale in the Fremont, Pleasanton, San Jose area.

The bottom line is better to list any items that you want to remain with the house in the sales contract, rather than to assume they will be there when you close.  Take note of any item that you assume is part of the real property and ask your real estate professional if that item is part of the contract.  If it is not, consider negotiating a clause for it.  Ask if the curtains and rugs stay with the house.  As a general rule, anything permanently attached to the house is part of the real property; don't leave it to chance.  If you need a real estate expert please contact Clyde Brown at 510-371-4237 or email at Clyde@ClydeBrownHomes.com.

There is a lot of free information available to you about buying, selling, investing, or relocating in the Fremont real estate market. For complete information about the Fremont Ca real estate market including current Fremont homes for sale, property values, market conditions and more please visit the most complete website dedicated to everything Fremont real estate related. www.ClydeBrownHomes.com.

If you or someone you know are in need of a competent and experienced Fremont real estate agent in or near Fremont Ca, or have real estate or mortgage related questions, please feel free to contact me I will be more than glad to answer your questions. Call me at 800-839-0665 or email me at Clyde@ClydeBrownHomes.com. Clyde Brown Legacy Real Estate & Associates.

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