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What Are Chattels?
Can someone help me explain what Chattels are? I am interested in a Chattel home but found out that Chattels are not considered real estate. Many told me Chattels are considered personal property and it can be used. Others told me that I cannot get financing on Chattels.
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1 Reply
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Chattels refer to movable personal property that can be physically touched or moved. They are tangible assets that aren’t fixed to land or buildings. Examples of chattels include furniture, vehicles, livestock, machinery, jewelry, and any other tangible personal property that can be bought, sold, or transferred. Unlike real property, such as land or buildings, chattels can be easily moved or transferred from one person to another.