The home selling and buying process can be confusing, particularly when
it comes to figuring out what items stay with the home. This is
especially true when it is a FSBO (for sale by owner) operation. It’s
even tougher when neither the seller nor the buyer is in the real
estate business. This article sorts out what personal property stays
with the home when it is sold.
Personal Property
Although every state has slightly different rules, there are general
guidelines to what goes and stays when a house is sold. Typically, any
items attached to the home stay with it while non-attached items are
considered personal property and go with the seller. For instance, the
seller typically takes personal property such as tools and potted
plants.
Certain personal property items, however, don’t always go with the
seller. In Virginia, items such as stoves, washers and dryers,
refrigerators and built-in microwaves usually stay with the home when
the buyer moves in.
If you’re a seller and you don’t offer the items generally expected to
convey, you make your property less attractive than the competition.
With the red-hot real estate market, it may not matter. You may still
sell your property quickly and easily.
Conversely, if you’re a buyer, you can gain an edge with a seller who
wants to keep an item of personal property. Allowing them to haul off a
particular item is a good way of building good will. When deciding how
you want to approach your options here, consider how competitive the
situation is and the monetary value of the item. You always want to
keep the big picture in mind.
As with most things related to the real estate buying and selling
process, keep in mind the relationship between the parties. The buyer
and seller are not enemies and all items on the table don’t carry equal
importance for both parties. If you are willing to be reasonable, there
is almost always a win-win solution.
Selling and buying a home can be an emotional rollercoaster. If the
parties work together, it doesn’t have to become a scary one.
