Real Estate Word of the Day: Fixture
A fixture is any piece of property that is physically attached to the land or a building in such a way that it is considered legally part of that property. Essentially, fixtures are items that were once personal property but have become part of the real property due to their attachment.
Common examples of fixtures include built-in appliances or built-in furniture, lighting, plumbing, landscaping. For Sellers: If there are items you want to take with you, clearly communicate this to potential buyers and ensure these items are excluded in the contract. For Buyers: When touring a home, ask about which items are considered fixtures and will remain with the property. Ensure that these items are listed in the purchase agreement.
Looking to buy or sell your home on Staten Island? For all your real estate needs, look no further than Tom Crimmins Realty! Give us a call at (718) 370-3200, and we can provide you with professionally-trained agents who are flexible to all that you’re looking for!
Posted by Tom Crimmins Realty on
Leave A Comment