What is a Conventional Sale?
- ngramuglia3
- May 22, 2023
- 1 min read
A conventional sale is when the property is owned outright (has no mortgage remaining) or the owner owes less on their mortgage than what the market indicates the owner could sell their property for. Such conventional sales are often smoother transactions than non-conventional sales, such as foreclosures, probate related sales and short sales.
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This article provides a helpful overview for anyone looking to sell quickly—perfect insight for those seeking fast property buyers. Knowing how conventional sales differ from short sales or foreclosures can help sellers make informed decisions and attract buyers who are ready to act immediately.
The conventional sales is process of selling the property without any specific conditions or requirements set by the seller and buyer.
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