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It could mean the owner is selling the house under "land contract". It is much like renting, except that after a certain amounts of payments, you make the final one, and you own the house.

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14y ago

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Related Questions

What is a foreclosure under contract?

That means a lender has executed a purchase and sale contract on a property it owns by foreclosure and a sale is pending.


Should a house after both seller and buyer have signed a contract still continue to be shown?

No. You should not show a property that is already under contract, unless the contract falls though. Then it is for sale again. http://www.allwholesaleproperties.com


Can you buy a real estate property that has a sale pending?

No. A sale pending implies that the property is under a binding contract.


What does unbilical mean?

There is a contract for a sale but the buyer has not yet been billed.


Can you distinguished Contract of Sale from contract to sell?

Contract to sell is an executory contract while contract of sale is an executed contract.


What is the difference between contract of sell from contract of sale?

"Contract of sell" is just "contract of sale" misspelled.


What is the meaning of bilateral when it concerns with buying a house?

Bilateral Sale is a direct or straightforward contract of sale. It is unalterable so it binds the seller and the buyer.


What does unbilled sales mean?

There is a contract for a sale but the buyer has not yet been billed.


Should you sell my house with a contract for deed?

It could be possible only when you execute a power of attorney in favour of me prior to the execution of contract for deed of sale.


Why is owner of record listed as the seller on a contract for sale and purchase of a house and not the buyers name?

Until the sale is closed and funded the seller is still the owner.


Why did the court consider the contract for the sale of the house a contract for a sale of goods instead of a contract for a sale of real estate?

First, it depends on the term "house". If it was a co-op, then what you were buying were shares in a corporation and not the real estate. A purchase of a trailer home is also the purchase of personal property. Second, it is VERY likely that there is not enough information to answer this question. Sometimes the sale contract includes sale of consumer items like curtains, appliances etc. That portion of the contract would be considered a sale of goods. More than likely, in a case involving real estate you hired an attorney. Please ask the attorney to explain this. He or she will have all the facts, and is more likely to help you.


What do you mean by contract to sell?

The contract to sell refers a binding legal agreement between the buyer and sell about the sale of something. The contract to sell is usually enforceable by law.