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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
29 במאי 2023

A conventional sale refers to a standard real estate transaction in which a property is sold between a buyer and a seller without any special financing or government-backed programs.

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