Grayson County, North TX Horse, Farm and Ranch Properties and Denton County Texas real estate listings, home buying, selling and relocation information

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Real Estate Contracts >Personal Property

When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?

There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.

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Q	What does "contingency" mean in real estate?
A	A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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Horse ranch in Aubrey, TX
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Paula Loseke, REALTOR®, real estate agent and broker for Grayson County, North TX Horse, Farm and Ranch Properties and Denton County Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

Paula Loseke
RE/MAX
10000 E Hwy 380
Aubrey, TX 76227
Phone: 940-727-3035
Fax: (940)365-5980
Email: texomaranches@hotmail.com
Paula is married to Brent Loseke, a very successful horse trainer and the couple have two children. Paula obtained her Texas Real Estate License in 1994. They currently reside in Aubrey, Texas, in the heart of Horse Country USA, with many horse and property contacts from all over the world. Being associated with the horse industry has assisted Paula in developing her successful career, but she also loves what she does. Paula's main focus is on marketing and selling Farm & Ranch properties. Farm & Ranch Specialist in North Texas. "From Horse People To Horse People"

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