When a property changes hands, what goes with it? Unless otherwise stated in the sales contract, you won’t find a comfy couch and huge flat-screen TV waiting for you when you move in. But what about curtains, carpets or mirrors?
The question of what conveys, or is included, with a property can be more complicated than you think. It’s important that by the time you, whether a buyer or seller, reach the closing table, you know exactly which items go on the moving truck and which ones stay behind. Here are some guidelines to help you determine what’s included or excluded in a sale.
Start with the contract
A property includes anything permanently attached to the house or anything that would cause significant damage to remove. That definition leaves some room for interpretation, so the Texas Real Estate Commission’s One to Four Family Residential Contract (Resale), used in most transactions involving the resale of residential property, dedicates a section to this topic.
Paragraph 2 of this contract covers the improvements, attachments and accessories that stay with the property. It also deals specifically with exclusions – items usually included with the sale that are excluded from a particular transaction.
Don’t believe everything you see online
Some online listings mention specific improvements like “gorgeous kitchen upgrades with stainless steel appliances.” That doesn’t necessarily mean those stainless steel appliances come with the house. Certain built-in appliances may convey, but don’t assume anything – and don’t trust the information online. The final word on what stays or goes is the sales contract.
It’s all negotiable
So what’s attached to the home and what isn’t? The contract language says that the brackets for a wall-mounted flat-screen TV stay with the house, but the TV does not. Any permanently installed or built-in appliance stays; that usually includes the oven or stove but may not include the refrigerator. There’s a long list of items in the contract that usually convey with the house, but everything is negotiable – that’s why there’s a section for exclusions.
Find out before you close
The best thing to do when you’re considering making an offer on a home is to ask what comes with it. Then, if you really like a piece of furniture or an appliance – or it’s just more convenient for you to keep what’s there – ask the seller for it in the contract.
Your Texas REALTOR® can negotiate for something to be included in the sale, like the TV in the bedroom or the washer and dryer, and the worst the seller can say is no. Just be sure you’re not derailing the purchase of your $250,000 dream home over a $500 set of drapes.
For more information about buying and selling in Texas, I invite you to visit TexasRealEstate.com. For your real estate needs, please contact Waymond Lightfoot (RE/MAX Genesis) at 210-386-5201.