Title: Real Property vs. Personal Property - What's the difference? | findwell
Headings: Real Property vs. Personal Property – What’s the difference?
Real Property vs. Personal Property – What’s the difference?
Content: Real Property vs. Personal Property - What's the difference? | findwell
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Real Property vs. Personal Property – What’s the difference? by Kevin Lisota on July 23, 2012
July 23, 2012
in Selling a Home
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When you buy a home, you are buying real estate, often called real property. Real property refers to land and things that are permanently attached to the land. The other sort of property that you may buy is personal property, which is pretty much anything that is movable and not part of the land. Understanding the distinction between the two can help avoid disputes during a home sale. Let’s say you own an acre of land that has a house and shed built on the lot. You also park your cars there. The land and the two attached structures are clearly real property, and the cars are movable, so they are personal property that doesn’t come with the sale of the home. Most interior fixtures in a home are also considered part of the real property if they are permanently attached to the home.