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Welcome To The Tommy Crane Group website! Information, Home Listings and More for the Greater New Orleans Area. Tommy Crane has been in the real estate business for 30+ years and thinks of every client as a client for life. Purchasing or selling your home is a very important decision. Tommy has compiled a group of top associates to assist him in making your home-buying or selling experience as stress-free as possible. We provide you with honest and accurate information so you can make a well-informed decision in regards to your home. With our attention to details, extensive market knowledge and impeccable customer service, it is no wonder that we have an excellent reputation in the New Orleans community. The basis for our success is ultimately attributed to satisfied clients, and their unequivocal recommendations to others. - The Tommy Crane Group
Real Estate Contracts >Personal Property
When you purchase a property, it usually includes the land and everything attached to it, such as buildings, trees, shrubs, etc. Most buyers are only interested in purchasing the real estate, not the owner's personal property. What happens when personal property has become a part of the real estate? Is it actually a "fixture" which will now convey to the buyer with the real estate?
There are three tests which usually need to be satisfied. Has the personal property been permanently annexed to the real estate? Is it intended to become part of the real estate? What is the local custom? Fixtures may include shades, heaters, ranges, screens, storm windows, lighting fixtures, etc. To save misunderstanding at the closing--and perhaps the sale--it is important that the seller spell out specifically in the sales agreement what will go to the buyer as part of the property.
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| Q |
What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
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| A |
Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York. |
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