What is the money called when you sell your house?
As the name implies, net proceeds are the money a homeowner walks away with — or nets — after the sale of the property. The amount of proceeds a seller receives is usually less than the home's actual sale price because of the expenses involved in selling a home, especially if there's still a mortgage to be paid off.
What is the money called that a potential buyer pays the seller when to finalize the contract to purchase a home?
Key TakeawaysEarnest money is essentially a deposit a buyer makes on a home they want to purchase. A contract is written up during the exchange of the earnest money that outlines the conditions for refunding the amount.
What makes a house sell for more money?
Studies show that homes with clear, high-quality images sell 32% faster and for more money. Real estate photography is an investment worth making. Whether you invest your time in order to learn how to take clear and bright photos or you hire a real estate photographer, you'll see the sales price of the home increase.
What is it called when you buy something and sell it for higher?
Definitions of arbitrage. a kind of hedged investment meant to capture slight differences in price; when there is a difference in the price of something on two different markets the arbitrageur simultaneously buys at the lower price and sells at the higher price.