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  • Why Sellers Choose Mike Detrick - Why home sellers in Sheppard Air Force Base, Wichita Falls and Iowa Park choose Mike Detrick.

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Real Estate Tips
Real Estate Contracts >Personal Property

When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?

There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.

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Real Estate Trivia
Q 
What is the legal term used to describe the right of the U. S. government to condemn private land for public use?

A 
Right of Eminent Domain allows the government to confiscate private land by paying full market value for the property.
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Mike Detrick, REALTOR®, real estate agent and broker for Sheppard Air Force Base, Wichita Falls and Iowa Park, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Mike Detrick
Nortex Realty

4215 Fairway Blvd
Wichita Falls, TX 76308
Office: 940-723-8203
Fax: 940-767-4953
Cell: 940-733-9772
michaeldetrick@NUMBER1EXPERT.com

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