AcceptanceIn the transfer of ownership, there will be many financial adjustments between the seller and the buyer. Some of the costs you can expect to see deducted from the purchase price are:
Once your house is sold there is a distinction between real property and personal property. Generally, the house, land, trees, shrubbery, fences and any fixture inside or outside that if removed would cause visible damage is considered real property. Anything else is personal property. Unless you say in the contract otherwise, real property stays and personal property goes with you. That is why some real property is often written into the contract to be clear it is not part of the sale. You are free to remove whatever freestanding personal possessions you want to take with you, such as the washer, dryer, firewood, swimming pool chemicals, window air-conditioner, etc., if the items do not alter the condition of the house. Clearly, you will not take with you wall-to-wall carpet or built-in cabinets and appliances - unless your buyer agrees and this is spelled out in your sales contract. If you do agree, you must repair holes or damage. When you place your house on the market decide what is to stay and include these items in the sale price. Sometimes buyers ask for personal property like garden tools, or if you are moving to an apartment you may offer to leave the tools. Whatever you wish to take with you, either remove before showing your house or specify in the written contract that it does not go with the house. Some items like chandeliers are normally considered real property. You can agree to take it, but if your sale hinges on the conveyance of a chandelier, let the chandelier go.Things to Remember once you have Sold
Be sure that the following companies are aware that you are moving to a new address. In some situations you will need to have services disconnected from your old home and reconnected to your new home.
Remember to leave:
Re/Max Kelowna 100-1553 Harvey Ave
Kelowna BC V1Y6G3