A showing wrapped up at your home today at noon. By early evening, you hear word from your agent that the buyer is very interested in your home and is planning a second showing with their agent for this weekend.
As the seller, you have informed your agent that your $6,000 chandelier in the foyer “does not convey” (is not included in the sale of the home). This is disclosed in the home’s MLS listing for any potential buyer and their agent to see.
The second showing is a hit and by late Mon morning, you have an offer in hand. The terms of the offer are right in line with your expectations and you intend to accept as is – but wait, the buyer wants your $6,000 chandelier in the foyer - the chandelier you planned to move to your new home. Now what?
Sellers, be prepared. In the buyer’s market we have today in east metro Orlando, buyers are commonly asking for – and getting - anything they desire from furniture and fixtures to closing costs and HOA dues.
Sellers, keep in mind the definition of a fixture versus personal property when it comes to the sale of your home:
Fixture A fixture is an object that is permanently attached to a home. Some examples include a bathtub, fence, fireplace and French doors – these items cannot be easily removed from a home without causing damage.
Personal Property Personal property is an object that is not permanently attached to a home. Some examples include a chandelier, artwork, furniture and window coverings – these items can be easily removed from a home and packed away.
In the case of the $6,000 chandelier that the seller intended to move to their new home, the best practice would have been to remove it and replace it with a nice, but not expensive alternative before putting the home on the market. That way, no buyer would have ever laid eyes on the $6,000 chandelier and therefore, would never have the opportunity to stake a claim for it…in other words, don’t let a buyer fall in love with something they can’t have.
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