What does SSTC mean in MARKETING
SSTC stands for Sold Subject to Collection. This is a type of real estate sale in which the seller agrees to hold onto the property until the buyer has collected funds from a third party to complete the transaction. The buyer sometimes uses this method when they do not have enough money available on hand to close the deal. In such cases, SSTC provides an alternative for buyers who may have access to financing from other sources but need more time to arrange it
SSTC meaning in Marketing in Business
SSTC mostly used in an acronym Marketing in Category Business that means Sold Subject To Collection
Shorthand: SSTC,
Full Form: Sold Subject To Collection
For more information of "Sold Subject To Collection", see the section below.
Essential Questions and Answers on Sold Subject To Collection in "BUSINESS»MARKETING"
What does SSTC stand for?
SSTC stands for 'Sold Subject to Collection'
What type of real estate sale is SSTC?
SSTC is a type of real estate sale in which the seller agrees to hold onto the property until the buyer has collected funds from a third party to complete the transaction
Why might someone use SSTC when buying real estate?
Someone might use SSTC when they do not have enough money available on hand to close the deal and require more time to arrange financing from another source
Who are involved in an SSTC sale?
An SSTC sale involves three parties - the buyer, seller, and a third party lender providing funding for the purchase
What types of properties can be purchased with an SSTC agreement?
Any type of residential or commercial property can be purchased with an SSTC agreement, including single family homes, apartments, offices and retail units
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