A house trade-in is when a homeowner sells their current home to a builder or developer in exchange for a new home. The homeowner typically trades in their existing property as part of the payment for the new home. This process can simplify the buying and selling process for the homeowner, as they don't have to worry about selling their current home on the open market.
Yes, it is possible to trade houses with someone through a process known as a house swap or a home exchange. This involves two parties agreeing to exchange their homes for a specified period of time, typically for vacation or temporary living arrangements.
House repossession refers to the process by which a financial organization takes ownership of the house as collateral due to failed payments or inability to pay.
"Busting a trade" refers to canceling or reversing a trade that has been made. This can happen if there was an error in the trade or if it violates trading rules. To bust a trade, the trader must contact their broker or exchange and request to cancel the trade. The broker or exchange will then review the request and determine if the trade can be canceled.
Pre-approved means that a lender has reviewed your financial information and determined how much money they are willing to lend you for a mortgage before you start looking for a house. This can help you know your budget and make the home buying process smoother.
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retail trade is the trade that involves buying of goods in small quantities and sell them in lage quantities.simon.m.m