4871 Palm Coast Pkwy NW #2
Palm Coast, FL 32137
Phone: 386-246-3131
FAX: 386-246-3162
4871 Palm Coast Pkwy NW #2
Phone: 386-246-3131
Personal property is always something that needs clarification in our sales contracts.
There is a paragraph which lists most items that convey with a home. But not all homes have all the things listed. Some items need to be excluded from the list and there is a space in the contract for you to list those items right under the paragraph. However, there is a little confusion built into the personal property paragraph. It states “..the following items which are owned by Seller and existing on the Property as of the date of the initial offer..” The confusion is, how do you prove it wasn’t existing at the time of the offer?
For instance, let’s say that the property does not have a disposal in the sink. A disposal is listed in the paragraph. It wasn’t existing so the buyer shouldn’t expect it at closing, right? Suppose the buyer goes on a walkthrough and swears that there was a disposal and they want the disposal put back or they’re not closing! So how do I avoid this from happening? Everything that is listed in the paragraph of personal property that is not on the premises, I list in the paragraph under the personal property clause as excluded from the contract. I don’t cross out on a contract. I just list it as excluded. This way it’s clear to both buyer and seller that the item does not convey!
If you would like more information contact me. I’m Ric Giumenta. You can have a good day or a bad day. It’s your choice.
Make good choices. See you next time!
24 May 2021
I just did some work on some rental properties and my home, and I hired a few contractors to do the work. I’ve experienced horrendous customer service. What do you consider good customer service? In our business customer service is what we have to se...
17 May 2021
Ok, stop me if you’ve heard this one... A day before closing, a man and a woman go into a bar to conduct a walk through. The man says to the women, “Where are the washer and the dryer?” The woman says “I don’t know, they must have gotten clean away!”...
11 May 2021
In my classes I teach that as soon as we get our license, we are operating as Sole Proprietors with our Independent Contractors contract under our Broker. Many have realized that this might not be the best entity to work under. Many sales associates ...
03 May 2021
How important is getting a listing at the right price, the right terms, and the right time for marketing? Well, it’s very important, in fact, it’s a critical mix necessary to have a listing sell. Do we want to get listings or do we want to get listin...
26 April 2021
Communication is a critical skill necessary for sales associates in order to succeed. We can’t listen to respond; we must listen to understand. The elements of a good communicator include, empathy, patience, flexibility, and reward. Empathy is unders...