Which of the following is an example of a type of financing?

Prepare for the New York City Assessor Exam. Study with multiple choice questions and in-depth explanations on each topic. Ace your exam with confidence!

Conventional seller financing is indeed a type of financing. This method involves the seller of a property providing credit to the buyer, allowing the buyer to make payments directly to the seller over time rather than obtaining a loan from a traditional lender, such as a bank. This arrangement can include terms like interest rates and payment schedules negotiated between the buyer and seller, making it a viable option for those who may have difficulty obtaining conventional financing.

The other choices do not represent financing methods. A warranty deed is a legal document that guarantees a property is free from claims and encumbrances and is used in the transfer of ownership rather than a financing mechanism. A sale price adjustment refers to changes made in the pricing of a property based on various factors and does not involve the mechanics of financing. Market analysis pertains to evaluating property values and market trends, focusing on assessing the market environment rather than facilitating funding for property purchases.

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