Jun 15, 2016
What stays and what goes? This is a regular question that many buyers and sellers do not know the answer to when it comes to selling or purchasing a home.
Buyers and sellers often misunderstand items that are included with the sale of a home – which can then lead to a challenging transaction and at times, unhappy clients. If you’re unaware of what items are included or excluded in the sale of a home – the St. Louis Board of Real Estate provides a section in the contract that lists in detail what’s included and excluded. By having a good understanding of how this approved contract is set-up and its general expectations, one can ensure a smooth and successful closing for both the buyer and seller.
Items often misunderstood by clients include audio/visual equipment and their wall mounts, window treatments, invisible fences and equipment for pets, decorative bathroom mirrors, refrigerators, swimming pool equipment and artificial fireplace logs.
The most common reasons for these misunderstandings are representations made by the agent or seller in marketing materials, a seller’s disclosure statement and MLS information. With all three of these items, the seller should identify his/her interest in including or excluding certain times with the sale of his/her home. If a seller wishes to exclude items listed on the standard inclusion form, they MUST put them in writing in the inclusions/exclusions section of the sales contract. If there is any doubt, list it in this section!
Buyers and sellers always have a perception of what stays and what goes with the sale of a home. Often, it is incorrect. There should always be a discussion with your agent regarding what is and what is not included prior to entering into a contract for the sale of a home. This will make for a more pleasant experience for all parties involved.
Led by third-generation owner Stafford Manion, Gladys Manion, Inc. is a boutique agency specializing in luxury St. Louis real estate along the central corridor.