• 100-4300 Village Centre Ct, Mississauga, ON

How Do I Know if Appliances are Included in a Home Purchase?

How Do I Know if Appliances are Included in a Home Purchase?

Sometimes it’s unclear to new home buyers with whom the appliances of the house now belong to. For example, does the washer and dryer stay in the home or do they go since they were originally purchased by the previous owners?

The answer to this question is “maybe,” at least according to Joe Richer of the Registrar Real Estate Council of Ontario. He says that you shouldn’t just assume you automatically own the furniture or appliances found in your new home.

It mostly depends on the previous owners, to be honest. The seller may want to take the appliances with them once they are gone, or they might have to return them to the stager or place they rented the appliances from (for staging purposes).

However, it is possible that the owner does not want to take the items with them when they move out, or perhaps the items are too heavy or cumbersome to remove from the home.

Richter recommends that before you even present an offer and put your home on the market, you and your real estate representative should discuss what items you want to keep in the home and which you plan on removing after you sell.

If you are the one making an offer, ask your real estate agent to clearly identify what is included in the purchase of the property and specifically outline the item names, brands, and serial numbers too, if possible.

If you have any questions about the appliances, you can ASK! The seller can accept, refuse or negotiate depending on what you ask of them. Perhaps they have an item that you would like to be in the room but they are insisting on taking with them. You could ask them if they would be willing to pay for a replacement with your offer.

Last note, you should ask about the home’s major operating systems like the water heater, furnace and security system. Are these items owned, rented or leased?

Be sure to know what you will need to pay for if you get the property. For example, if you are taking over a lease for an item, your offer should have details included in it regarding the transferable lease item and any appliance lease agreement. A copy of the rental or lease agreement for a water heater or furnace (as an example) would do fine.

We hope these tips help you figure out appliances and leased/rented operating systems before you purchase a new property. It is important to be knowledgeable of the appliances in your home and to make educated decisions about items that you may need to replace later in the future.

Source: The Toronto Star (2017, Joe Richer)