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There are simple concepts that you need to understand when the topic on real estate is spoken of because these concepts are necessary for the agents and the people buying or selling a property.

 

There are 3 forms of real estate sale and the first form which is the cheapest form of selling a real property is the short sale. This involves the sale of a real property because people fall short from their other obligations let us say a debt, an emergency or a disease in the family where they need cash the soonest and therefore will sell their property at a cheaper price than the original value.

 

This form of sale can even get better because the fastest means of selling will be prioritized such as those who have the ready cash can even negotiate for a more lower price and claim that if they agree, the property will be paid in full right after the contract is signed. This appeals to the seller because he will not be burdened by paper works and time will not be spent on looking for other buyers of Cheap Homes for sale in Abbeville LA. Another form of sale is the bank owned sale where the bank has foreclosed the property and decided to sell them to the highest bidder in an auction.

 

This kind of sale is next to short sale in terms of value for money. Real property foreclosure will have the value of the property lower than the market value because the bank has already claimed payment for some time from the owner because of mortgage agreement and the failure to pay this obligations have rendered the property foreclosed in favor of the bank. They may range from commercial buildings, residential houses and vacant lots. The primary advantage of this sale is that the bank will do all the paper works and the taxes are all paid up to the recent quarter.

 

The last form of sale is the straight sale which is the selling of an owner's real property without the need to sell like those real estate agents who engage in a buy and sell business where they buy Houses and Land for sale in Youngsville LA, develop them and sell them to another person. This form of sale is the most expensive because the cost of the property may be more than the value of the property and you may be deceived because there are additional cost like commissions to agents are included and other fees such as taxes and transfer fees.

 

Learn how to earn money with real estate in http://www.ehow.com/how_4424632_make-money-real-estate.html.