Home > Buying a home, Fast Facts, Selling a home > FAST FACTS #4: Real Estate Terminology: Real Property Vs. Personal Property

FAST FACTS #4: Real Estate Terminology: Real Property Vs. Personal Property

Real Property Vs. Personal Property

When you are buying or selling a home, the real property is considered a part of the property and therefore is, by default included in the transfer of title.  Personal Property is a separate possession of the owner of the property (or someone else) and is not included in the transfer of title unless specifically negotiated and specified in the purchase and sale contract.

Real Property. The easy part of this definition is the land itself and the dwelling or other permanent structures such as a detached garage, barn, etc.

The more complicated part of Real Property refers to thing that are “attached” to the house.  This might mean light fixtures, hot water heaters, an awning or things such as this.  It also refers to appliances that are attached.

Personal Property refers to anything that is located on the property or in the dwelling that are not attached.

EXAMPLE: A Microwave oven that sits on the kitchen counter or a shelf and is powered by plugging it in to an outlet would be Personal Property.   A Microwave oven that is mounted and hanging under the cabinets or is hard-wired would be considered Real Property.
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Rick Schwartz,   REALTOR

Homes for sale in Danbury, Bethel, Brookfield, Newtown, New Fairfield, New Milford, Ridgefield and Redding CT.

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