Imagine the excitement as you walk through your new home a few days before closing for your final inspection.
Your joy quickly turns sour though when you discover the antique chandelier you fell in love with is no longer there.
Now, imagine you're the sentimental seller who has already taken down and packed up your cherished antique chandelier, and now you’re faced with an angry buyer who’s demanding that it be put back up.
Unfortunately, this type of scenario plays out all too often. Here are a few points to consider that’ll help save you from falling into a similar scenario:
A fixture is an item that is physically attached to the home, such as a ceiling fan or a curtain rod. These items are typically included unless stated otherwise.
A chattel, on the other hand, is an item that can be easily removed without causing physical damage, such as a hanging mirror or a fridge. These items usually aren’t included.
Real estate law isn’t always black and white when it comes to fixtures and chattels, so it’s important to make a list of your exclusions ahead of time.
It’s best to remove any fixtures that have sentimental value before you put your home on the market. That way, the buyer won’t feel like they’re missing out on anything.
There’s usually a bit of damage left behind when a fixture is removed, so let the buyer know you’ll make the necessary repairs to help put their mind at ease.
Chattels and fixtures can often be subjective. To avoid unnecessary confusion and possible legal action, be sure to proactively specify your exclusions as soon as you put your home on the market.
Whether you’re buying or selling, you’ll want a smooth transaction where both parties can move on (or move in) with good vibes!
Whether you're buying or selling, I look forward to helping you with your Toronto real estate needs!
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