I can not stress enough how important it is to write a good purchase contract. Recently I helped a family purchase a beautiful new home. It’s gorgeous! They are excited! They are pleased with the price negotiated and feel it is worth every penny.
There is a section in the purchase contract that provides space to write in items requested to come with the home that are not attached. It is section 1.3 of the purchase contract: “No Unattached Goods (Chattels) except for:”. The normal things that go in here are washer, dryer, refrigerator, stove, microwave oven, dishwasher, etc. You get the idea. I noticed prior to leaving the home, while writing up the contract, that the kitchen island moved. That’s right, it was not attached to the home. I promptly included the kitchen island in this section. Could you imagine how upset my clients would be upon moving into the home to find that the kitchen island they thought they were getting was gone? The seller would have no contractual obligation for it to be present unless it was specified in the contract.
There are many important details to be included in a purchase contract. The difference between a good versus a bad purchase contract is dependent upon the skill of the Realtor writing the contract! Thanks for reading!
By Patrick Murray Join me on Google+