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What is a seller concession? This refers to anything that the seller gives or grants to the buyer. Sellers are not the only ones who can grant concessions, but right now it’s in the news more due to changes this year in how we sell real estate and the forms and clauses we use to do so.
In this posting, we will follow the acts of contract negotiation and legal settlement when undeveloped land changes ownership. Contacting the Seller The first question a buyer must answer is whether the lot is listed for sale or not. Subsequently, the process of conveyance must proceed.
We’ll cover everything from preparing your home for sale to navigating the complexities of the Texas real estate market, ensuring you have the knowledge to conduct a smooth, legal, and profitable transaction. Understanding and properly preparing these documents is crucial for a smooth, legal transaction.
The lender initiates legal proceedings against the borrower to foreclose on the property. The property is then offered to the public at a foreclosure auction and typically sold to the highest bidder. Foreclosure. REO properties are attractive to homebuyers or real estate investors for several reasons. 10 Steps to Buying REO Properties.
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