Protect your investement

Protect your investement

Careful, always protect your investment!

Sometimes buyers will purchase a home expecting the appliances (oven, refrigerator, etc..) to be part of the sale. They assume that after the close they will drive up to their new home and these items will be there. uh oh.. This assumption has gotten many agents in hot water and left buyers disappointed. As a buyer, it’s important that you specify in your offer (purchase and sales contract) what exactly you want as part of the sale. Most good real estate agents will ask but not all. Sellers can be creative. For example, one time a buyer wrote “all Kenmore appliances” as part of his offer. After the final walk through, the seller removed his high end Kenmore appliances and installed used Kenmore appliances instead. The contract said “all Kenmore appliances” . What should have been written is “all Kenmore appliances as seen on xxx” People can do strange things!

Not only appliances, if you want the $1200 chandelier specify in your offer that item is part of the sale. If there are multiple chandeliers specify which one.   Don’t assume the chandelier comes with the home.  If you want that $1800 John Deer rider lawn mower specify it in the contract. A seller may say sure you can have the tractor but if it’s not in writing you can get burned.

Ultimately, if a real estate transaction turns sour and ends up in court the judge is going to hang his hat on what the contract states. Not what somebody said or verbal agreements.  In most purchase and sales contracts there is a paragraph that address verbal agreements between buyer and seller are non binding and not part of the contract.   Specify, specify, specify