Can You Purchase A Sellers Items?
From time to time I have clients who are interested in purchasing more than a sellers house. They are also interested in acquiring a riding lawn mower, ATV, media equipment, or simple decorative items.
Some items can simply convey with the home if they are negotiated as part of the contract, such as blinds, or a certain appliance staying in a house.
However, if the seller is seeking extra money for the item then it can be a little sticky. The trouble is that a bank is lending money for a house. They do not want to see a separate sales agreement written for other items that have nothing to do with the transaction.
No one can stop you and the seller from making a deal happen. The simple rule is to keep it off of the contract. If you include it in the deal, even if there is no money mentioned then you are looking at a possible underwriting headache.
Great tip. I often ask buyers if there’s anything they want me to ask for in the deal, but keeping it out of the contract is probably a good idea!
Thanks for the comment.