Understanding Real Estate Terms- Inclusions

Selling

1If you are ready to sell your home, understanding industry terms will help you be prepared to make informed decisions throughout the process. A basic knowledge of these terms will help ensure you are satisfied with the end results.

When an offer is made on your property, as the seller, you have the option to accept, counter-offer or deny the proposed offer. Within a buyer’s offer there may be requested inclusions. You can also add in your own inclusions to an offer, or even include them in your listing, as a way to help attract more potential buyers. But exactly what is meant by an inclusion?

The sale of real estate, or real property, includes the land on which a home and other structures are built upon, as well as any permanent features within the buildings. If your home has built-in shelving surrounding the fireplace for example, these shelves are considered permanent and part of the house. If you have an armoire next to your fireplace however, this is not considered a part of the real property. It is in fact, personal property. Inclusions cover any personal property the seller agrees to include with the sale.

When providing any inclusions, it is important to be as specific as possible. If you have no need of the stove or refrigerator once you move, but want to keep your washer and dryer, do not to simply list “appliances’ under the inclusion section of an offer form. Instead, you should list each appliance you are willing to leave behind with the house.

2While your Realtor® will handle the direct negotiations on your behalf, you can save yourself some time, and possibly some stress, by determining in advance which personal items you are willing note as inclusions. If you love the window treatments you installed in your bedroom, you can take them with you. If you don’t want the chandelier in the dining room it can stay, just be sure to note it within the inclusion section of your counter-offer.

Some examples of personal property within a home include: appliances, ceiling fans, furniture, lighting fixtures (Interior and exterior) and window coverings.

When you receive an offer for your property, pay close attention to requested inclusions, and be specific in your reply as to what items you will agree to be included, so you can be satisfied with the results. When you are ready to sell, or buy a home, you want to work with a Realtor® who genuinely wants to help you with all your real estate needs. My team and I are ready to put our expertise to work for you. Learn more at our website, DriscollProperty.com, then contact the Driscoll Properties Team at 847-533-6786 to help you discover the home of your dreams