Listing Details: Twin Falls, Jerome and Boise, Idaho Real Estate Listings & Homes For Sale Provided by Gem State Realty

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Single family home

$159,000 Family home

Photo of 747 W Falls Avenue, Twin Falls, ID, 83301.

MLS#98403744 : 747 W Falls Avenue

Address: 747 W Falls Avenue	City/ST: Twin Falls, ID	Zip Code: 83301
Location: Twin Falls	Property Type: Single Family Home	New or Resale: Resale
Square Footage: 2824	Bedrooms: 5	Bathrooms: 2
MLS# 98403744	Property Tax: 2051.30

Large family home with large lot. Detached garage that has overhead door on both ends. Large storage shed.

Last Updated: 7/16/2009 7:14:05 PM

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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 is a Balloon Mortgage?
A	A balloon is a short-term mortgage which requires the entire balance of the loan to be re-paid at the end of the loan term.
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Gem State Realty, REALTOR�, real estate agent and broker for Twin Falls, Jerome and Boise, Idaho home listings, property and land for sale - NUMBER1EXPERT

Gem State Realty
Gem State Realty
1411 Falls Avenue East Suite 1000 A
Twin Falls, ID 83301
208-734-0400
Toll Free: 800-455-1180
Fax: 208-733-6112
GemStateRealty@NUMBER1EXPERT.com
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