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What is a Conventional Sale?

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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Gabriel Handelman
Gabriel Handelman
May 30, 2023

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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