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Real Estate Tips
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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Real Estate Trivia
Q 
What Las Vegas hotel is famous for its casinos and is the largest hotel in the US.?

A 
With 5,012 rooms, the MGM Grand Casino is considered the largest hotel in the US.
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the johns family team, REALTORŪ, real estate agents and broker for Overland Park, Lenexa and Olathe Kansas home listings, property and land for sale - NUMBER1EXPERT(tm)

the johns family team
Keller Williams Partners, Inc.

11005 Metcalf
Overland Park, KS 66210
Tel: 913.906.5454
Tel: 913.710.4663
Toll-Free: 800.366.5839
Fax: 913.744.2640
Email: jft@kw.com

When you partner with the johns family team, you become our star. Our mission is "To have a positive impact on those we touch" with a vision "To be your realtors of choice." Our 'family' is devoted to providing yours with star spangled service.

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Keller Williams Partners, Inc. real estate and homes for sale in Overland Park, Lenexa and Olathe Kansas



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