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Does the chandelier come with the house?

Randal Engelmann & Erik Gould

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service...

We are Randal Engelmann and Erik Gould, partners in providing exceptional customer service...

Nov 24 4 minutes read
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What you should know about Real Estate exclusions.


Randal:
You just can't have it.

Erik & Randal:
Welcome to Stay Focused, Focus Real Estate's weekly video series, and this week we are talking about exclusions.

Randal:
Here's something that we talk about a lot with a lot of sellers actually, and buyers need to be made aware of them. It's kind of a way to avoid a little bit of conflict in a sale.

Erik & Randal:
What is an exclusion in real estate?

Randal:
An exclusion in real estate is anything that's permanently affixed to the house or the property that is going to be excluded and taken with. Common exclusions, common named exclusions in properties are: The light fixture that grandma gave you that's hanging over the dining room table or that you went to Italy and bought for $5,000 [crosstalk 00:00:45].

Erik & Randal:
And carried it all the way back.

Randal:
But anything that's permanently attached to the house. Fixtures, we usually say includes all fixtures and appliances so that of course the dishwasher would stay, the refrigerator would stay. But we want to make sure that we're very clear with the buyers when we're working with our clients and our sellers about what they would like to take with them when they leave and really to avoid conflict later on, right? I mean, we encountered this just last week alone over furniture, things that were going to stay. Anyway, furniture is not a fixture.

Erik & Randal:
It's personal property so yeah, most of the time when a seller is selling something, if there is something affixed, they want to keep it. They don't want to sell it to be included in the house. They name it as an exclusion. Before you market it, before buyers come see it, that is disclosed upfront.

Randal:
You want a pro tip? Here it is. If you want to take something with you, take it down, have it replaced before you list your home. Why? Because that buyer is going to fall in love with that $5,000 [inaudible 00:01:45] class picture that you imported from Italy on your own in your suitcase, and they're going to make a big deal about it when they come to make an offer on your house and make you feel bad about taking it with you. Go to Home Depot, buy a $150 light fixture, hang it up-

Erik & Randal:
And replace it.

Randal:
And just be done with it. That's my pro tip of the day.

Erik & Randal:
A seller can name an exclusion. However, how many times does the seller name an exclusion in a listing and the buyers see it and say, "But I want it. I want it to go with the house I'm going to write my offer and say that's included." Then you're arguing over the light fixture.

Randal:
A light fixture. That's no fun. We don't want to do that for you. You don't want to do that either so that's our pro tip of the day. Any questions about those, or if you have a question about what is a fixture in your home, drop us a line. Let us know. We'll be happy to answer those questions.

Erik & Randal:
Hopefully this was helpful.

Randal:
Thanks for watching. Until next time.

Erik & Randal:
Stay tuned and stay focused.

Erik & Randal:
Mine, mine, mine, mine. 

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