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What is a purchase price reduction? * When the buyer and seller agree to reduce the purchase price of real property after agreeing on price
What is a purchase price reduction? |
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When the buyer and seller agree to reduce the purchase price of real property after agreeing on price terms, but before the sale is closed. | |||
When an insolvent buyer receives credit from a seller for the purchase of property, and the seller later reduces the purchase price and relieves the buyer of some of the debt associated with the original purchase. | |||
When the buyer and seller agree to reduce the purchase price of real property after the sale has closed, and the seller returns the agreed-upon amount to the buyer. | |||
When a solvent buyer receives credit from a seller for the purchase of property, and the seller later reduces the purchase price and relieves the buyer of some of the debt associated with the original purchase. | |||
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