Cost to Move > Fair Market Value Once the Buyer and Seller have resolved any inspection issues — that is, assuming Buyer hasn’t waived their inspection, to prevail in multiple offers — it’s common for the two parties to discuss any personal property that the homeowner may want to sell. Like many negotiations, the party...Read More
Novice Realtors Rush In Where Pro’s Fear to Tread “Never negotiate furniture.” “Never negotiate furniture.” “Never negotiate furniture.” “Never negotiate furniture.” Realtors who don’t know the above rule — or forget it — soon get the opportunity to (re)learn it. That’s because negotiating the sale of personal property, particularly furniture, can be more challenging than...Read More
Bottle Openers & Grand Pianos [Note to Readers: The views expressed here are solely those of Ross Kaplan, and do not represent Edina Realty, Berkshire Hathaway, or any other entity referenced. If you need legal advice, please consult an attorney.] If fixtures were a function of size, the grand piano would stay with the home...Read More
Cost to Move > Fair Market Value Once the Buyer and Seller have resolved any inspection issues, it’s common for the two parties to discuss any personal property that the homeowner may want to sell. Like many negotiations, the party who speaks first often loses. So, at least in my experience, a Buyer who (too...Read More
What to Do About the 5′ Tall Fiberglass Statue on the Front Lawn Should the Buyer of this 1950’s rambler just west of Cedar Lake expect the Lucy statue on the front lawn to come with the home? Step #1: determine whether it’s a fixture — Realtor-speak for, “is it permanently attached to the home?”...Read More
Fixtures vs. Personal Property: The Proactive Solution It’s not always clear whether something is a “fixture” or “personal property.” In theory, the test is straightforward: is the item in question permanently attached? The rub, of course, is what constitutes “permanent”: one person’s easy removal and repair (usually by the Seller) is another’s “of course it...Read More