East Peoria, Peoria, and Morton Illinois real estate listings, home buying, selling and relocation information

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Real Estate Contracts >The Sales Price

After your search for a house and all the negotiations are over, you arrive at the the sales price. Finally, you feel some certainty about your bottom line. However, it is not unusual for there to be disagreements about what is included in the sales price. Careful drafting of the paperwork can help to avoid future disputes.

The following definitions may help. Real property is land and any permanent attachments, such as buildings, landscaping and fences. Personal property consists of movable possessions, such as furniture and clothing. A fixture is defined as an item of personal property which has become part of the real property by virtue of becoming permanently attached, such as a new sink, a Jacuzzi, or a chandelier.

The principal area of dispute about the sales price often relates to fixtures. Most preprinted real estate contracts will provide space for the fixtures to be listed. Whether you are selling or buying, you should make use of this space. Do not assume curtains, satellite discs, antennas or fireplace equipment come with the house. You should also make it very clear what you don't want left on the property. If you are specific about every item that may be questionable, you will greatly reduce the chances of a dispute after the closing.

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Q	Where was the first hotel built in the US?
A	The Union Hotel (1802) Saratoga Springs, NY, is the first hotel emphasizing lodging and services, in addition to food and drink.
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Paul Vinnedge, REALTOR®, real estate agent and broker for East Peoria, Peoria, and Morton Illinois home listings, property and land for sale - NUMBER1EXPERT(tm)

Paul Vinnedge, ABR, CNHS and GRI
Jim Maloof, REALTOR
1202 W. Garfield Avenue
Bartonville, IL. 61607
Phone 1: 309-697-3900
Phone 2: 309-633-9126
Fax: 309-633-9100
Email: paulsells-central-il@NUMBER1EXPERT.com
email: paulvinnedge@sbcglobal.net
Paul's Real Estate career started in 1991 and has evolved into a very successful business. He is involved in new construction, relocation, land and investment properties and of course resale homes. Paul's 35 years in the Peoria area give him great knowledge of the area. You will find him outgoing and energetic, with a quick response to your inquiries. Paul recently hired an assistant, Chuck Varnes, to better serve his clients. Chuck has been a life long resident of the Peoria area, and like Paul, is dedicated to helping you with your Real Estate needs. Put this team of professionals to work for you today!

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