Proceeds From Resale


Definition of "Proceeds from resale"

Kimberly Graziadei
Kimberly Graziadei Berkshire Hathaway HomeServices New Jersey Properties

Same as term resale proceeds: Net amount received when property is sold. It equals the selling price less outstanding mortgage balance less all costs incurred in connection with the sale. These expenditures include brokerage commission, bank fees, and advertisements.

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