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Real Property vs Personal Property

Tuesday, September 29, 2015   /   by Jason Huerkamp

Real Property vs Personal Property

Can I Take It With When I Move

Real Property vs Personal Property

 
When you are selling your home and the you are discussing with the real estate broker, your listing agent, what you are leaving in the home and what you are taking with when you move, take a walk around and see exactly what items are to remain and what are to be taken with you. This will take a lot of pain and heartache out of a sale when it comes time to close. 
 

Lets evaluate:

 

Personal Property:

 
Personal Property is everything that can be moved, is not attached and is the personal belonging of the Seller and is not included in the sale of the property unless stipulated. Lets take for instance - a fridge, washing machine and tumble dryer etc could be left with the house, however they are personal property and because they are not attached this could be a grey area and should be discussed with your real estate broker.
 
Personal property can be fixed - attached - to the property in which case it would become Real Property and remain with the home when its sold. If you have something that is attached and you don't want it to remain with the property when you move, it would be a good idea to remove it (possibly replace it with similar) prior to putting your home on the market and discussing that with your real estate broker.
 
A great rule of thumb would be that if an item enhances the value of a property, then it is very likely Real Property vs Personal Property. Personal property goes with the person and real property stays with the property.
 

Real Property:

 
Real Property is everything that belongs to the property. It is the land and things that are attached to the land and include easements and rights pertaining to this property. If there is something that should not be included in the Real Property, your real estate broker needs to know about it straight away. Likewise if there is an item like a chandelier that you wish to remove because it has sentimental value or similar, you should remove it prior to putting your home on the market and make sure your replace it with a similar one and make good the damage the removal has caused.
 
If you are thinking about selling your property, we have the experience to assist you when selling your home. If you are unsure or not clear on what items would be Real Property or Personal Property our team can help you decide.
 
 
 
 
 
Jason Huerkamp
14300 Nicollet Court # 208
Burnsville, MN 55306
612-314-6330

The data relating to real estate for sale on this web site comes in part from the Broker ReciprocitySM Program of the Regional Multiple Listing Service of Minnesota, Inc. Real Estate listings held by brokerage firms other than are marked with the Broker ReciprocitySM logo or the Broker ReciprocitySM thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers.” Listing broker has attempted to offer accurate data, but buyers are advised to confirm all items.” Copyright2019Regional Multiple Listing Service of Minnesota, Inc. All rights reserved. Data last updated November 15, 2019