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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 will you find the world's largest indoor waterfall?
A	The lobby of the International Center in Detroit, Michigan has a waterfall of 114 feet, backed by 9,000 square feet of marble.
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Stevie Mack
Latter & Blum Inc/Realtors
Licensed by LA Real Estate Commission
1151 N. Causeway Blvd.
Mandeville, LA 70471
Main Phone: 985-626-5695
Mobile: 985-630-1934
Mobile: 985-630-9101
Fax: 985-626-4112
Email: steviemack@latterblum.com

WATERFRONT & LUXURY PROPERTY SPECIALIST Stevie's tremendous success in residential real estate is the result of a true enthusiam and caring for people and their needs. The results are impressive for this professional. ** Over 25 years as a top realtor ** More than $200 Million sold over the last decade ** #1 in Residential Sales on New Orleans North Shore (St. Tammany Parish) 2002-2010 ** #1 Greater New Orleans area Top Producer as recognized in City Business 2006-2009 ** Number 8 nationally within ERA (out of over 25,000 agents) Her personalized style has resulted in many clients becoming lifelong friends and an impressive list of repeat and referral clients. As a northshore native, Stevie's knowledge of the homes and communities of this area is unparalleled. This includes a specialized knowledge of WATERFRONT and ESTATE PROPERTIES. An Equal Opportunity Company. Equal Housing Opportunity. Each office is independently owned and operated. All information is subject to verification and is not guaranteed. Latter & Blum Inc/Realtors is a licensed real estate brokerage firm in Louisiana Latter & Blum Inc/Realtors, 1151 N. Causeway Blvd., Mandeville, LA 70471, USA Main 985-626-5695.

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