Wednesday, January 16, 2008

Fixtures and Leased Items Not Included




That's what it says on line 48 of the AAR Residential Resale Contract. There's a space to put in those items. But, how does the buyer and/or buyer's agent know if there are any. I was taught by my broker, to write, "to be disclosed during the inspection period, if any".



Security systems and soft water systems are sometimes leased. Window coverings, ceiling fans, microwaves and all kinds of things are dear to the seller and don't always convey.

I've heard many a time, " Oh, they wanted to take that." Or, "it says does not convey on the mls plano."

The mls plano or fact sheet does not become part of the contract. Therefore, the seller needs to disclose these things right away, not at close of escrow.

3 comments:

Pat said...
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Anonymous said...

can they swap out the fridge or other appliances?

Pat said...

No, unless it was agreed upon in writing. That's why it's good to take pictures during the inspection or to write down the serial numbers.