Some who is interested in buying.
A short sale means that the bank has agreed with the seller (or holder of the mortgage) to accept less than the amount owed to sell the property. The owner must be at least two months behind in thier payments for the bank to even discuss this with the owner. What it means for you, the buyer, is that if you have time to wait, you might be able to get a property at a lower price than would otherwise be possible. Great question, Jo-. Too often, the agent community focuses on the seller in a short sale transaction. It is important to note that lender guidelines and rules pertaining to short sale transactions are continually changing. As a buyer or seller, I think the following points are definitely worth noting: A buyer is any person who contracts to acquire an asset in return for some form of consideration. When someone gets characterized by their role as buyer of certain assets, the term buyer gets new meaning: A buyer is a person who purchases finished goods, typically for resale, for a firm, government, or organization. (A person who purchases material used to make goods is sometimes called a purchasing agent .). In product management, buyer is the entity that decides to obtain the product. A buyer's primary responsibility is obtaining the highest quality goods at the lowest cost. This usually requires research, writing requests for bids, proposals or quotes, and evaluating information received. A customer (sometimes known as a client, buyer, or purchaser) is the recipient of a good, service, product, or idea, obtained from a seller, vendor, or supplier for a monetary or other valuable consideration. Customers are generally categorized into two types:  exists and is an alternate of. Merge this question into. Split and merge into it. Answer by Albanman. Confidence votes 3.8K. An actual buyer is someone who is committed to buying a product whereas a potential buyer is some who is interested in buying, but may not. Alternative Answer The simplest way to understand the difference between potential and potential difference is to think of potential in terms of height, and potential difference in terms of difference in height. For example, the height of a mountain peak depends upon from where it is being measured. Free On Board: A legal term meaning that when the seller loads merchandise for transportation, he bears full responsibility for it but if the merchandise is later lost or harmed, the buyer suffers the loss. 1 adj You use potential to say that someone or something is capable of developing into the particular kind of person or thing mentioned. ADJ n (=possible). The firm has identified 60 potential customers at home and abroad..., We are aware of the potential problems and have taken every precaution. ♦ potentially adv ADV with cl/group. Clearly this is a potentially dangerous situation... 2 n-uncount If you say that someone or something has potential, you mean that they have the necessary abilities or qualities to become successful or useful in the future. 1 adj You use potential to say that someone or something is capable of developing into the particular kind of person or thing mentioned. ADJ n (=possible). The firm has identified 60 potential customers at home and abroad..., We are aware of the potential problems and have taken every precaution. - Contrary to popular belief, the Seller's bank or loan servicer does NOT have to approve the listing or marketing of a property as a short sale (only the terms of the contract once an offer is received if selling short). Great question, Jo-. Too often, the agent community focuses on the seller in a short sale transaction. It is important to note that lender guidelines and rules pertaining to short sale transactions are continually changing. As a buyer or seller, I think the following points are definitely worth noting: Show more usage examples... The seller that we bought are servers from said that they we have free technical support on them for two years. 2 people found this helpful. They were the seller and I was the buyer, which meant I would be the one purchasing the item and they would be the one giving it to me for money. 2 people found this helpful. The seller provided the product and it was up to the consumer if they wanted to buy it or not (2 reviews). It is also called a short sale. The buyer needs to negotiate the price/terms with the seller, BUT the lien hlder needs to approve the contract and that can take 2-5 months and sometimes they do not agree with the price and can kill the deal. 
http://www.trulia.com/voices/Home_Buying/What_does_a_possible_short_sale_mean_to_a_potenti-50329 https://en.wikipedia.org/wiki/Buyer https://en.wikipedia.org/wiki/Customer http://www.answers.com/Q/What_is_difference_between_actual_and_potential_buyers http://dictionary.reverso.net/english-cobuild/potential%20buyer http://dictionary.reverso.net/english-cobuild/potential%20buyer http://www.trulia.com/voices/Home_Buying/What_does_a_possible_short_sale_mean_to_a_potenti-50329 http://www.businessdictionary.com/definition/seller.html http://www.zillow.com/advice-thread/What-does-pre-foreclosure-mean-for-potential-buyers/495188/
what is meant by a potential buyer