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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	What is the largest city square in the world?
A	Located in Beijing, China, Tianamen Square, called the "Gate of Heavenly Peace", covers 98 acres.
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The Distinguished Team, REALTOR®, real estate agent and broker for Bronxville, Yonkers and Scarsdale, New York home listings, property and land for sale - NUMBER1EXPERT(tm)

Eric Stein and Al Posillico
RE/MAX Distinguished Homes
52 Pondfield Road West
Bronxville, NY 10708
914-346-8255
EricStein@NUMBER1EXPERT.com

Certified Mentor
As a Certified Mentor, REALTORS gain the knowledge and tools to facilitate this turn-key, activity-based training that will teach agents how to work by referral. The 100 Days to Greatness® program gives agents a defined plan for developing and generating referred leads. Many students in this program start getting results almost immediately when the lead generation activities they put into place begin to produce tangible results – leads! As a Certified Mentor, brokers are able to recruit and hire the finest agents, and retain them by providing a clearly defined path to success. Certified Mentors also learn how to develop an irresistible office culture that attracts the best of the best!

E-Pro
An e-Pro is a REALTOR who has successfully completed the e-PRO training program for real estate professionals. Endorsed by the National Association of REALTORS, the e-PRO course teaches professionals the nuts and bolts of working with real esta te on-line: Websites, email, on-line tools, and most of all, what today’s consumer really wants. In this fast paced age, technology has become a necessity. An e-PRO is someone who has recognized and responded to the needs of the new consumer. If you choose an e-PRO, it’s a safe bet you’ll get the kind of service you want—and need.

Certified New Home Specialist
This certification is recognized throughout the real estate industry as the premier certification specific to providing the highest level of service and professionalism in working with builders and new home buyers. As a Certified New Home Specialist, REALTORS belong to a group of the most highly respected individuals in the profession of real estate. Special and targeted marketing needs to be in place for newly constructed properties. Diversified advertising, better promotion, stronger buyers generate superior results. Your Certified New Home Specialist’s job is to take the deal from pouring the foundation to completing the last few finishing touches.

Certified Residential Specialist
Becoming a Certified Residential Specialist isn’t just the advanced training and education they receive. Knowing the marketplace is equally important. To earn the Certified Residential Specialist Designation, every REALTOR must have a significant combination of experience and number of real estate transactions. These strict requirements are your assurance that your Certified Residential Specialist is able to apply his or her education in the real world, giving you the knowledgeable, skilled service you expect. Every Certified Residential Specialist is also required to maintain membership in the National Association of REALTORS and to abide by its strict code of Ethics.

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