Selling real estate involves the transfer of personally owned housing, commercial property or land in exchange for a cash payment or other assets. When a sale goes through, the seller will typically receive funding from a mortgage entity on behalf of the buyer. The proceeds may involve deductions to pay off the seller’s own financial obligations. Selling real estate is done for a number of reasons, but most frequently to earn the seller a profit. Other reasons for sales include debt liquidation, a desire to upgrade property and so on.

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