Proceeds From Resale
Definition of "Proceeds from resale"
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.
Popular Real Estate Terms
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Receipt given for a partial payment made on the sale of property. It shows the buyer has made a down payment. ...
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