Trade fixtures are typically excluded from a mortgage
The difference between chattels and fixtures should be explained to clients early in the process, advises Lowes. He tells sellers specifically which items they should leave behind because those things are typically considered fixtures. Conversely, he explains to buyers which items normally stay and which ones go, outlining any exceptions. Home insurance is a must-have for homeowners who want to protect their investment, and it’s usually required if you have a mortgage. But having home insurance doesn’t mean you’re covered About the Author: The above Real Estate information on what’s a fixture vs personal property was provided by Bill Gassett, a Nationally recognized leader in his field.Bill can be reached via email at [email protected] or by phone at 508-625-0191. Bill has helped people move in and out of many Metrowest towns for the last 31+ Years.