There are many ins and outs to a real estate transaction in Austin Hill Country and Dripping Springs, TX. We think working with an experienced local agent will lead to a successful outcome. Here is one example of how an experienced agent can guide your transaction to a positive outcome at closing.
Did your Great Grandmother's chandelier get passed down through the family, and now, it's hanging in your dining room? If you're about to sell your house in Austin or Dripping Springs, TX, you need to know what personal property conveys with the sale of your home and what doesn't.
If you're asking yourself, "What does convey mean?" You're not alone. We get this question all the time. According to Investopedia, Conveyance is the act of transferring property from one party to another. In other words, the conveyance is all the items in the seller's house that transfer to the buyer at closing.
Knowing what comes with the sale of a property is a critical question, whether you're the buyer or the seller. For example, in Texas, the washing machine/dryer and refrigerator do not convey with the property. However, they are negotiable. Knowing things like this while looking at homes helps you be informed and make the most of your showings.
Before putting your house on the market, your Veritas Group Agent will ask questions about your belongings to ensure that items like your Great Grandmother's chandelier are protected. Not only can this save you a lot of emotional stress, but it can also save you the stress of litigation. It may be difficult to believe, but when a buyer walks through your home and falls in love with it, your chandelier can be a make-it or break-it feature and become a source of contention if the buyer later learns that it doesn't come with the purchase.
According to Texas Realtors Magazine, when these issues come before juries, they consider the following three factors:
1) Will the property be damaged by removal? If so, to what extent?
2) Is the item customized for the property, or is it standard?
3) Was the installation intended to be permanent or temporary?
4) What does the contract specifically notate as standard items to convey?
It's another reason why it's essential to work with Realtors who know the ins and outs of the contract and how best to protect you and your belongings. When selling your home, your realtor should always ask you about such things and make sure any items you intend to keep are documented in writing.
On the flip side, it's also important that, as a buyer, you have the items you wish to convey with the home written into the contract so that you don't encounter any surprises at your final walkthrough before closing day.
The Realtors of the Veritas Group are highly experienced and know how to expertly guide you through a professional, enjoyable transaction and toward the closing table with as little stress as possible.