To Convey or Not Convey…It’s all in the Attachment
August 26, 2011 by Gail Boston · Leave a Comment
How attached is it?
In the transfer of property, home buyers and sellers need to know the specifics of what automatically transfers to the new owners.
The term “conveys” means the legal transfer of ownership to another. Does a bathroom mirror convey to the new home owner? You’d think so. Right? Not necessarily if it hangs from a picture hook. Does the refrigerator automatically move with the home seller? Not if it’s built in. To determine what should convey, consider the physical attachment. Is it permanently affixed, like an oven with vents? Or, can it be easily unplugged and removed– as with a refrigerator? The deciding factor is jameshallison casino the permanence of the attachment, not functionality, so do not assume. For clarity during the buying process, it’s best to include questionable items in the offer contract and confirm compliance during the final walk-thru.
At the beginning of the home sale process, sellers should prepare a list of items to exclude. This thoughtful list becomes part of the information exchange about the home. Home sellers with emotional attachments to objects in the home should do some advance preparation. If an heirloom is irreplaceable, remove it and put a substitute in place before the photo shoot. Swap out those $600 a yard Scalamandre drapes as preparation for a sale. Pictures should never lie! And home sellers; please don’t dig up the garden after the contract has been executed.
It should be noted that for the right price, some sellers are willing to part with excluded items. These are sold separately as part of the negotiation. When it comes to conveyance, consider the attachment, both physical and emotional.
Gail Boston Knows Austin
CLHMS, Million Dollar Guild, ABR, E-Pro Real Estate Internet Professional, Member Institute for Luxury Home Marketing
After growing up locally in Tarrytown and later living in Vienna, London and New York, Gail Boston came back to her favorite place in the world: Austin.
This Austin native and former publisher of Buying, Selling & Owning YOUR HOME will go the extra mile to facilitate every phase of your real estate needs. Whether it’s your primary residence or an investment property, Gail is your “go to” real estate expert. Through partnering and her global and local network of experts, she will guide you through the process with professionalism, attention to detail and knowledge.
Knowledge + focus + energy = results
Her knowledge, focus and energy get results. She has earned a reputation as one of Austin’s most dynamic real estate professionals; successfully serving home buyers and sellers as well as investors and business professionals. Gail has expertise in luxury residential and waterfront, Eanes School district homes, creative commercial spaces, land acquisition and conservation, and the downtown condo market.
Gail is deeply committed to the Austin community and the philosophy of sustainability. She volunteers with Red Cross, Green Gate Farms, Cherrywood Art Fair, Greater Austin Chapter of Families with Children from China, Woodland Reach and more. She enjoys living in West Lake Hills with her husband, daughter and two dachshunds. Besides family, her interests include native plant gardening, hiking, opera, kayaking, fly fishing, cooking, reading and travel.
Contact Gail @ gail@westaustin.com or 512-626-5348