The difference between real property and personal property may seem obvious – until closing day.  As a professional real estate agent in the Frederick, MD 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 Frederick, MD 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 www.homestoprice.com for examples of houses for sale in the Frederick, MD 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 William Bill Price at 301-514-7963 or email at bill@homes2price.com.

There is a lot of free information available to you about buying, selling or investing in Frederick, MD real estate. For complete information about the Frederick, MD real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Frederick, MD real estate at www.homestoprice.com.

Please feel free to contact me with any of your real estate or mortgage related questions and I will be more than glad to answer your questions.

If you use the form below you will receive my Free E-mail Series of Real Etate Articles or Call me on my cell at 301-514-7963 or email me at bill@homes2price.com.
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