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Jason Penrose

Jason Penrose (RE/MAX Achievers): Real Estate Agent in Phoenix, Maricopa County, Arizona
Find out why I am a top expert at buying & selling homes. Ask me about my 30 point action plan! Call 602-870-8737 or JasonPenrose@ReMax.net

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Eli McCauley with Long Realty is one of my preferred partners in Tucson! Contact him today!
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Real Estate Tips
Real Estate Contracts >Personal Property

When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?

There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.

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Real Estate Trivia
Q 
Upon completion this year, what will be the tallest residential building south of New York and east of Chicago?

A 
Located in Biscayne Bay, Florida, the $120 million, 51-floor luxury condominium will be called The Santa Maria.
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Jason Penrose, REALTOR®, real estate agent and broker for Phoenix, Scottsdale and Tempe, Arizona home listings, property and land for sale - NUMBER1EXPERT(tm)

Jason L. Penrose
RE/MAX ACHIEVERS

2801 E. Camelback Rd. #105
Phoenix, AZ 85016
Office: 602-870-8737
Fax: 602-476-0246
24 Hour Information: 1-800-503-5837
Jason@ThePenroseTeam.com

As an Arizona native, I have extensive knowledge of the market and neighborhoods of the Phoenix Metropolitan Area. I look forward to helping you buy or sell your next home!

CRS GRI ePro REALTOR MLS Equal Housing CDPE


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