| by Kenneth Chase | 24 comments

Fixture vs Personal Property


A fixture versus personal property in a
real estate transaction. That’s what we’re talking about today and we’re
getting started right now. Hi, I’m Stephanie Brannan. I’m a realtor here in
the Austin area and today we’re just gonna discuss really quickly what the
difference between a fixture and personal property is here in a real
estate transaction in the state of Texas. And we have a couple of guests that have
wandered onto the property here. I think they’re kinda cute. Life in Texas, you know. A fixture is something
that’s been legally attached to the property, such as decorations, equipment,
or even appliances. Fixtures are regarded as part of the property and it’s a given
though they will go with the buyer along with the rest of the property. One of the
most common questions I get asked by buyers is, “Does the refrigerator come with
the home?” Well, here in Texas a refrigerator is considered personal
property, however, sometimes the seller will include that with the sale of the
home. Just depends on their situation. And if they do decide after you go under
contract with them that they do want to sell it, they would
handle that as a non – realty item and they would sell it separately from the
real estate transaction. Best practices is, in the contract, the seller should be
specific about which items they wish to remove, or the buyer needs to be
specific about which items they wish that would remain. That way, if the seller
or buyer disagree about which item is a fixture or which is personalty, they
can at least agree that “this” remains or “this” goes. Well, I hope this was helpful
and if you ever have questions when you’re out looking at properties just
ask your agent, “Does this stay or does this go?”, and if they for some reason
don’t know (maybe it’s an unusual thing) they can always double check with the
listing agent and they can check with the seller. That way, we can always clear
everything up. Well, thank you so much for watching and if you liked this video
please hit the Like button and I hope you’ll subscribe to my channel. I’ll be
posting new videos here every week. Thanks and have a great day!
They’re rounding up those wayward cows. The sheriff is currently picking them up. A mama and her baby.

24 Comments

John Hamilton

Nov 11, 2019, 12:13 am Reply

Thanks Stephanie, great topic–one that can cause a lot of grief for both buyers and sellers.

Nest Builders Realty Group

Nov 11, 2019, 12:21 am Reply

With my clients, I always ask them to tell me what they love, in order to be sure nothing is left from the contract. Thanks for sharing.

Albert & Lynn Alvarez

Nov 11, 2019, 12:22 am Reply

That's a good topic for buyers!

Alyson Wahl

Nov 11, 2019, 12:25 am Reply

ahhh the nemesis of buyers and sellers. Clarity, and written overkill, is key 🙂

cayden couchman

Nov 11, 2019, 12:28 am Reply

wonderful insight!

Hollywood FL Realtor Kate Smith

Nov 11, 2019, 12:30 am Reply

Great topic!

Fine. I’m a Hobbit.

Nov 11, 2019, 12:58 am Reply

I was one of those cows once, then I was kidnapped.

Living in Utah now

Nov 11, 2019, 1:20 am Reply

Every buyer and seller need to watch this video

Barbara Stephenson Realtor

Nov 11, 2019, 1:56 am Reply

Hope they got bailed out of Cow Jail

John Cunningham eXp Realty

Nov 11, 2019, 2:01 am Reply

Especially like the advice to include written info about whqt stays. Great video Stephanie!

Amy Hayslett Realtor

Nov 11, 2019, 2:04 am Reply

Often people don't pay attention to the fine print of what stays and what goes

Love To Live In Long Beach by Barrie Petersen

Nov 11, 2019, 3:10 am Reply

Loved the visitors and great content

Tiffany Billman Realtor

Nov 11, 2019, 3:56 am Reply

Important topic for people to know. Great information!

Wise Move AZ

Nov 11, 2019, 5:10 am Reply

This is so important! Great video, Stephanie!

Downtown Dweller

Nov 11, 2019, 8:08 pm Reply

Are those your cows or do the just roam around like a stray? Just saw the end, I guess they are stays lol

Enough about cows, great video! This is a common question and I am happy have gave such a great answer

Judy Tucker

Nov 11, 2019, 3:26 pm Reply

Those cows have been having fun nipping around.

Angela O’Hare – Las Vegas Realtor

Nov 11, 2019, 7:59 pm Reply

So important to understand what the difference is between a fixture and personal property.

Horizon Real Estate & Probate and Trust Help

Nov 11, 2019, 10:52 pm Reply

We actually had a buyer want our staging curtains. They said it was part of the window treatments. Didn't bother to argue with them. If they needed my $30 worth of curtains.

Becki Rasmussen – Realtor

Nov 11, 2019, 2:02 am Reply

Great information!!

Lisa Sabala

Nov 11, 2019, 2:37 am Reply

Buyers and sellers should see this video and agree on which are fixtures and which ones belong to personal property. Thanks for differentiating the two terms!

Living in Charleston SC

Nov 11, 2019, 8:35 pm Reply

Great video, thanks for sharing.

Shira Adatto

Nov 11, 2019, 10:52 pm Reply

It’s smart to be as explicit as possible Leaving no room for confusion

Traci Cope Tam

Nov 11, 2019, 11:01 pm Reply

Great explanation. Thank you for sharing this.

Alicia

Dec 12, 2019, 6:10 am Reply

Looking forward to seeing some more of your videos!! You need more views. Do you know of SMZeus?? It will really help you with growing your channel!!

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