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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 world's longest wall?
A	The Great Wall of China, at a length of 2,150 miles, nearly three times the length of Britain.
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James McCloskey and Peter With, REALTORS®, real estate agent and broker for Mississauga and Oakville Ontario home listings, property and land for sale - NUMBER1EXPERT(tm)

James McCloskey and Peter With
RE/MAX Realty Enterprises Inc.
1697 Lakeshore Rd West
Mississauga, Ontario L5J 1J4
Canada
Office: 905-855-2200
Home Office: 905-849-0027
Fax: 905-849-0595
Email: peter@peterwith.com
Peter With has over 20 years residential real estate experience and is an expert in Mississauga & Oakville. He has lived and worked in the area for many years, and he knows it intimately. He is in the top 1% in RE/MAX internationally and holds the RE/MAX "Hall of Fame" award. As a husband and father of two, Peter understands that most of us would rather spend time with our family than hours trying to buy or sell a home. This is why his love and knowledge of the community benefits his real estate clients. He is able to locate the perfect home for buyers and get the best price for sellers in very little time. If you are looking for the Realtor who knows the Mississauga & Oakville market, call Peter With for experience and success in helping you buy or sell your home.

www.peterwith.com is brought to you by James McCloskey and Peter With
NUMBER1EXPERT™ in real estate for Mississauga and Oakville, Ontario

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