3,009
edits
Difference between revisions of "Selling Your Home"
From Clicklaw Wikibooks
→=What things in the home are included in the sale
Dial-A-Law (talk | contribs) |
Dial-A-Law (talk | contribs) |
||
| Line 108: | Line 108: | ||
Failure to disclose material latent defects can result in future problems, including legal issues if the new owner discovers problems that you were aware of and did not disclose. | Failure to disclose material latent defects can result in future problems, including legal issues if the new owner discovers problems that you were aware of and did not disclose. | ||
===What things in the home are included in the sale== | ===What things in the home are included in the sale=== | ||
When someone buys your home, all the '''fixtures''' go along with it, unless you and the buyer agree otherwise. Defining a fixture can be difficult: generally, a fixture is anything that’s attached to the home to the point where removing it would damage the home or require repair. The bathroom sink is an obvious example. As objects like chandeliers are sometimes items that homeowners are interested in taking with them after the sale of their home, it is important these fixtures are explicitly excluded from the contract of purchase and sale. Better yet, before you put the home up for sale, replace the chandelier with a simple, inexpensive replacement. | When someone buys your home, all the '''fixtures''' go along with it, unless you and the buyer agree otherwise. Defining a fixture can be difficult: generally, a fixture is anything that’s attached to the home to the point where removing it would damage the home or require repair. The bathroom sink is an obvious example. As objects like chandeliers are sometimes items that homeowners are interested in taking with them after the sale of their home, it is important these fixtures are explicitly excluded from the contract of purchase and sale. Better yet, before you put the home up for sale, replace the chandelier with a simple, inexpensive replacement. | ||
| Line 124: | Line 124: | ||
*ensuring you have no further obligation regarding your old mortgage if it is being assumed by the buyer | *ensuring you have no further obligation regarding your old mortgage if it is being assumed by the buyer | ||
*confirming all payments for which you are responsible have been made | *confirming all payments for which you are responsible have been made | ||
*arranging for you to sign the transfer documents | *arranging for you to sign the transfer documents | ||
==The process to sell your home== | ==The process to sell your home== | ||
