Sales contract
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  Sales contract



Sales contract

   A real estate sales contract contains the complete agreement between a buyer of a parcel of real estate and the seller.

RELATED TERMS
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Estate
The ownership interest of a person in real property, also used to refer to a deceased person's property.

Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.

Parcel
An officially described piece of land.



SIMILAR TERMS
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Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.

Sale property
Property in Sale, Morocco. Apartments, flats, houses, offices and other property in Sale.

Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.

Salem property
Property in Salem, USA. Apartments, flats, houses, offices and other property in Salem.

Salerno property
Property in Salerno, Italy. Apartments, flats, houses, offices and other property in Salerno.

Sales comparison approach
The process of estimating the value of a property by examining and comparing actual sales of comparable properties.

Sales comparison value
A value indication derived by comparing the property being appraised to similar properties that have been sold recently.

Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.



PREVIOUS AND NEXT TERMS
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Safety clause
It provides that a broker is still entitled to a commission for a set period of time after the listing has expired if the property is sold to a prospect, who was introduced to the property by the broker, during the period of the listing.

Sale contract
A written agreement between buyer and seller that details price and other terms and conditions of sale.

Sale-leaseback
A technique in which a seller deeds property to a buyer for a consideration, and the buyer simultaneously leases the property back to the seller.

Sales comparison approach
The process of estimating the value of a property by examining and comparing actual sales of comparable properties.

Sales comparison value
A value indication derived by comparing the property being appraised to similar properties that have been sold recently.

Sales contract

Salesperson
A person employed directly or indirectly by a licensed real estate broker to perform various tasks and responsibilities.

Saltbox style
A design that dates to colonial times and takes its name from the shape of saltboxes.

Sandwich lease
When a tenant has a current lease with the owner of a property and then "sublets" the property to a third party.

Sanitary sewer
The drain line in a house that carries away food and human wastewater to a municipal sewer system or a septic system.

Sash
One of two windows in a double-hung window.

This dictionary contains 6433 terms.
      












                    © Real Estate Dictionary 2005 - All rights reserved -

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