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  2. Conditional sale - Wikipedia

    en.wikipedia.org/wiki/Conditional_sale

    A conditional sale is a real estate transaction where the parties have set conditions. [1] [2] A standard real estate transaction usually begins when a prospective purchaser submits an offer to purchase to the vendor of a property. As in a standard offer, a conditional offer sets out the terms of the sale such as the purchase price, the date of ...

  3. Real estate contract - Wikipedia

    en.wikipedia.org/wiki/Real_estate_contract

    Another sale contingency – Purchase or sale of the real estate is contingent on a successful sale or purchase of another piece of real estate. The successful sale of another house may be needed to finance the purchase of a new one. Appraisal contingency – Purchase of the real estate is contingent upon the contract price being at or below a ...

  4. Seller disclosure statement - Wikipedia

    en.wikipedia.org/wiki/Seller_Disclosure_Statement

    In the United States, a seller disclosure statement is a form disclosing the seller's knowledge of the condition of the property. The seller disclosure notice or statement is anecdotal and does not serve as a substitute for any inspections or warranties the purchaser may wish to obtain.

  5. Real estate transaction - Wikipedia

    en.wikipedia.org/wiki/Real_estate_transaction

    A real estate transaction is the process whereby rights in a unit of property (or designated real estate) are transferred between two or more parties, e.g. in the case of conveyance one party being the seller(s) and the other being the buyer(s). It can often be quite complicated due to the complexity of the property rights being transferred ...

  6. Security interest - Wikipedia

    en.wikipedia.org/wiki/Security_interest

    The United States also developed the conditional sale of personal property as another form of security interest, which is now obsolete. Security interests at common law are either possessory or nonpossessory , depending upon whether the secured party actually needs to take possession of the collateral.

  7. Index of real estate articles - Wikipedia

    en.wikipedia.org/wiki/Index_of_real_estate_articles

    Binder – In law, a binder (also known as an agreement for sale, earnest money contract, memorandum of sale, or contract to sell) is a short-form preliminary contract in which the purchaser agrees to buy and the seller agrees to sell certain real estate under stated terms and conditions, usually in the form of a purchase offer, and is ...

  8. Housing contract activity, thanks to more inventory, rises ...

    www.aol.com/finance/housing-contract-activity...

    Housing contract activity picked up again in November as buyers shrugged off elevated mortgage rates and took advantage of higher inventory levels.. The Pending Home Sales Index, which tracks ...

  9. Closing (real estate) - Wikipedia

    en.wikipedia.org/wiki/Closing_(real_estate)

    The closing (also called the completion or settlement) is the final step in executing a real estate transaction. It is the last step in purchasing and financing a property. [ 1 ] On the closing day, ownership of the property is transferred from the seller to the buyer.

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