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sold firm: 3 Different Versions of “SOLD” in Real Estate
- 11/21/14 05:49 AM
3 Different Versions of “SOLD” in Ontario Real Estate
& Their Respective Roles in Home Price Trend Statistics
When Does SOLD men SOLD in Ontario?
When is a Sale a Sale?
In Ontario, there are 3 different times, in a real estate transaction, when the term “SOLD” is used.
Distinction between the 3 is extremely important to both the parties to the transaction, and in the interpretation of sales statistics.
Version 1: Sold Conditional
Sold Conditional occurs in a transaction when an offer, containing conditions, is accepted and the Buyer pays the agreed amount of Deposit (usually to the Listing Agent in trust).
In a residential transaction the conditions inevitably … (0 comments)
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3 Different Versions of “SOLD” in Ontario Real Estate
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