CHATTELS AND FIXTURES
Put it in writing before you sell
If you are thinking of selling your home, have you given much thought
to what you plan to leave with
the home and what you would like to take with you, such as the washer and
dryer, the fridge and
stove, or even that heirloom chandelier in the dining room?
While these may not seem like important concerns right now, your failure
to address them in your
listing and the contract of purchase and sale could lead to a major misunderstanding
with a potential
buyer. The last thing you would want is the loss of a sale of your home
due to a dispute or
misunderstanding over a relatively minor item.
A REALTOR will guide you through the listing process and will ask you
what you want to include in the sale. It is a good idea, however, to make
up a list before meeting with your REALTOR to ensure
you do not forget something.
Chattels are normally removed
When chattels are included in the agreement,
they must be listed in the contract of purchase and
sale. It is fairly common practice for sellers to include items, which
would normally be considered as
chattels, such as appliances and window coverings, in the selling price.
Fixtures normally stay
A REALTOR will explain that fixtures are permanent improvements to a property
which normally stay
with the property as part of the sale. For example, if you have upgraded
your wiring or heating
system, these are considered to be permanent fixtures. Keep in mind, however,
that the law is not
always crystal clear about what constitutes a fixture. There are circumstances
where you may plan
to remove something that might ordinarily be considered a fixture - like
your chandelier.
Other items to consider are lawn ornaments, smoke alarms, and built-in
vacuum cleaners. These
types of items are generally left with the home, but some people still
like to take things with them. If
you tend to be one of these people, clearly state in writing what WILL
NOT be included in the sale.
Most buyers would assume that these types of fixtures will be included
in the sale unless you specify
the contrary in the listing. It is absolutely necessary that you set
out these stipulations in the contract
of purchase and sale.
If in doubt?
If there is any doubt about a particular item, your REALTOR
will include it in the list of items to be
included or excluded from the purchase price. That way, if there is
any question, the situation has
already been addressed.
If you have any concerns, talk to your REALTOR. As a trained professional,
he or she will be able to
guide you smoothly through the selling process and answer any questions
you may have.
This information is provided by the Victoria Real Estate Board for the information
and benefit of consumers.
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