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Real Estate Tips
Welcome > Resources > Tips > Real Estate Contracts > The Sales Price ...

The Sales Price

After your search for a house and all the negotiations are over, you arrive at the the sales price. Finally, you feel some certainty about your bottom line. However, it is not unusual for there to be disagreements about what is included in the sales price. Careful drafting of the paperwork can help to avoid future disputes.

The following definitions may help. Real property is land and any permanent attachments, such as buildings, landscaping and fences. Personal property consists of movable possessions, such as furniture and clothing. A fixture is defined as an item of personal property which has become part of the real property by virtue of becoming permanently attached, such as a new sink, a Jacuzzi, or a chandelier.

The principal area of dispute about the sales price often relates to fixtures. Most preprinted real estate contracts will provide space for the fixtures to be listed. Whether you are selling or buying, you should make use of this space. Do not assume curtains, satellite discs, antennas or fireplace equipment come with the house. You should also make it very clear what you don't want left on the property. If you are specific about every item that may be questionable, you will greatly reduce the chances of a dispute after the closing.



Do These Real Estate Tips Really Apply to YOU? 

I've learned these tips through years of experience as a top real estate agent. But I know that YOUR situation might be different. That's why I'm here. 

It's my job to personally advise homebuyers and sellers. Ask me if any tip that I've included here really applies to your situation. 

Do any of these tips raise questions for you? Didn't find what you're looking for? Let me know! I am happy to answer ANY questions. It's my job! There's no obligation, and I promise to get back to you quickly... 

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Real Estate Trivia
Q 
Who is "Fannie Mae" and why is she a big name in real estate?

A 
"Fannie Mae" is the real estate industry nickname for FNMA, or Federal National Mortgage Association, the stockholder-owned corporation that purchases mortgages from mortgage lenders.
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Bob Waldron, REALTOR®, real estate agent and broker for Westchester, Playa del Rey and Playa Vista,  home listings, property and land for sale - NUMBER1EXPERT

Bob Waldron
Coldwell Banker

8840 S. Sepulveda Blvd.
Los Angeles, CA 90045
Direct: 310-337-9225
Office: 424-702-3020
Fax: 424-702-3010
DRE: #00416026
Email: bob@bobwaldron.com

Bob Waldron, your real estate resource at Coldwell Banker, is a leading Realtor in Westchester, Playa del Rey, Playa Vista and surrounding communities on the west side of Los Angeles. With over 35 years of real estate experience and knowledge, Bob provides both buyers and sellers with excellent market expertise and unsurpassed professional service. Contact Bob to experience the knowledge, skills and advantages he offers when you purchase and sell real estate.

Equal Housing MLS REALTOR


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