Saturday, September 24, 2011

What is a real estate fixture?

You found the home of your dreams, and everyone in your family is excited to buy it.  Your children are especially excited with the idea of playing on the large play set in the backyard.  You make your offer – it’s accepted, and now it’s move-in day.  How exciting!  Your children are more than What is a real estate fixture?eager to show you what they can do on that swing…

Only thing is… The play set is not there.  The sellers took it with them.
Those jerks!  What a disappointment for the kids!

You may or may not hear your agent use the term ‘fixture’ while you’re buying or selling a home in Albuquerque.  It’s a technical term, but its importance can be vital.
So, what is a real estate fixture?  Here is the term ‘Fixture’ defined.  The legal definition is actually more complex, but this should be sufficient to give you a strong foundational understanding.

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