Home Buying 101: Types Of Sellers

Introduction to Types of Sellers

There are 3 types of home sellers in our industry right now. These are: a “traditional seller,” a “short seller,” and a “foreclosed sale.” Each has its own pros and cons. You can read more about each one in the links below. The bottom line is that a traditional seller is a person or couple who are selling a home. A foreclosed home is a bank that has taken possession of a home and the bank is selling the home. A short sale is a traditional seller that cannot pay off their mortgage. Read more about each on the links below:

traditional-seller short-seller foreclosure
Steven Hong - RE/MAX Results 
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