Tip For Buyers: Know What is Included in the Purchase Price

Tip for buyers: know what is included in the purchase price

There is nothing like walking into an open house and seeing gorgeous crystal chandeliers, top-of-the-line appliances and updated, energy-efficient fixtures. For buyers who are on the fence about the purchase, these small features may be enough to steer them toward buying a home. However, be aware, one of the most common misunderstandings when viewing a home is what you see is not always what you get. As a buyer, you want to know exactly what is included in the purchase price, so there are no surprises down the line.

In many cases, certain items that may be on display are not included when you actually buy the home. This can be disappointing, making it important to clarify early on in the process what will stay and what the owners are taking with them.

COMMON FEATURES THAT ARE NOT INCLUDED

There are several types of home features that sellers may forget to remove and store before showing a home. These include kitchen and bathroom fixtures, such as faucets, light coverings and even handles and door knobs, according to the Boston Globe. Wall mounts and materials that are used to bolt other fixtures to a wall may not be included. In addition, some sellers do not plan to leave major appliances that they purchased, such as refrigerators, washers and dryers. Lastly, buyers should not assume that window coverings will remain in the home after the previous owner has sold the property. The rule of thumb is that if it’s attached to the house, it stays with the house but it’s always best to clarify in the contract any ambiguous items.

ALL ITEMS SHOULD BE INCLUDED IN A CONTRACT

Most sellers will remove items they don’t plan to include in the home sale prior to an open house. However, this is not always the case and if buyers have questions about what will remain in the home after the sale, they should not hesitate to ask their real estate agent. After these points have been clarified, they should also be listed in a contract to avoid confusion or disputes down the line.

NEGOTIATIONS FOR ITEMS

It’s not uncommon for buyers to try to negotiate with sellers to leave certain items in the home. Buyers who are interested in the new kitchen accessories that match the granite countertops perfectly should not hesitate to at least throw out an offer to the seller. Buyers may also simply ask sellers where they purchased certain items and price them separately to determine if it would be more affordable to negotiate with the owners or purchase the features after the home sale.

Source: blog.coldwellbanker.com

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