There sometimes is confusion between the terms real property and personal property. Especially when it comes to real estate. The legal definition for real property, taken from The Free Dictionary By Farlex is:
1) all land, structures, firmly attached and integrated equipment (such as light fixtures or a well pump), and anything growing on the land…
Let me give an example:
Modular Homes
When a modular home is placed on a foundation and the wheels have not been removed from its frame it is still considered personal property.
On the other hand when a modular home is placed on a foundation, permanently fastened to that foundation, and the wheels are removed, the modular home becomes real estate.
Confused?
Here is anoth
er example.
A picture you hang on the wall with a nail and you hang the picture on the nail, the nail becomes real estate and the picture is personal property.
When you screw the picture directly onto the wall, like some restaurants do to make sure the pictures are not getting stolen, the picture now becomes real estate.
As a seller you need to keep in mind and understand the difference between real property and personal property especially when you are planning on selling your home and you would like to keep certain items such as light fixtures or shelving for example.
Anything that is permanently fixed to the land, or permanently fixed to the structure on the land, is real property. Everything else, not permanently attached to the land or structure, is personal property.
When you have questions feel free to contact the Settles Team.
When you build your own home with a builder there are a few things you need to take into consideration before you start. For example, Do you just use a builder layout and style or do you plan on making changes to this plan? If you do plan on making changes, keep in mind that this might add to the building cost of the home. Making these kinds of changes would mean you are moving from a builder speck home type of arrangement to the custom built type and many times that will add time, labor, and building material cost to building your dream home. An example of making changes to the builders plans is upgrading some of the features compared to the features a builder is offering in their speck homes. Things like kitchen, flooring, countertops, bathroom, windows, and bathrooms. Anytime you make changes to builder’s speck home plans, whether inside or out, there will be a higher cost to building the home.
Many of us are still working through the aftermath of a short sale, foreclosure, or some other financially devastating event. Rather than buying another house you need to rent till you get back on your feet.
When you have found the right person to room with, and the perfect home or apartment to make it work, you two still would have to pass the prying eyes of the landlord and get past the rental application process. When the application and screening process is completed and both of you have signed the lease agreement with the landlord, have you discussed or considered having a roommate agreement in writing between the two of you?
You are all exited and ready to move in and move on from your current place, stretching your wings for the first time. Being so excited to get out of the smaller apartment to a larger unit you might forget that you should keep several things in mind while you are signing the lease.
For starters do not advertise that you are going to be gone. In the time of social media most of us tend to announce that we are leaving. One thing you should consider doing before you are leaving is creating a 
Not knowing what they can afford in the beginning they begin looking at homes online that are priced higher than their financial ability and sooner or later they become disappointed when they discover they cannot have the home of their dreams. With so many homes now listed as a short sale and REO’s (bank owned), a pre- approval is a must to submit an offer.
How many times do you find yourself unable to follow through with commitments you made to others? This could apply to work or personal commitments. Every day I see good people who have great intentions but don’t follow thought with a commitment they made.
