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in means that alot of that product has been sold, they recommend you buy it

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13y ago

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Is the seller concession tax deductible?

is seller concession a tax deduction for me the seller


What does it mean if an auction is with reserve?

If an auction is with reserve, it means that the seller has set a minimum price that must be met before they are willing to sell the item. If the bidding does not reach this minimum price, the seller is not obligated to sell the item.


Can the bank help with sellers concessions?

Seller's concessions are costs that are paid by the seller. If the seller is a bank, you can certainly ask for seller concessions, but you may not get the answer you want. If the seller is not a bank, whether or not there are seller concessions in a contract depends on whetehr or not you negotiate them with the seller. It is important to note that banks and lenders may limit the amoutn of seller concessions allowed on certains loan types. Source: I'm a loan officer.


Which term is best defined as a deposit to the seller that shows intention of completing the transaction?

The term best defined as a deposit to the seller that shows intention of completing the transaction is "earnest money." This deposit demonstrates the buyer's serious intent to purchase the property and is typically held in escrow until the transaction is finalized. If the deal goes through, the earnest money is often applied toward the purchase price; if not, it may be forfeited to the seller under certain conditions.


What do the letters F.O.B. mean in money?

In terms of money, the letters F.O.B means freight on board or free on board. This means that the seller is obliged to deliver items to a specific place for carrier transfer. From that point onwards, the risk of cost is under the seller.