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French to English translations [PRO] Bus/Financial - Real Estate
French term or phrase:solde de prix de vente
Nous désirons vous confirmer que nous acceptons les nouvelles disposi-tions à l’offre d’achat, lesquelles consistent en une réduction du prix à 775 000 $ incluant un solde de prix de vente de 50 000 $.
So I've found some information which would lead me to believe that the right term is either: balance of sale price, balance of the sale price or balance of sale (presumably balance of the sale could equally be an option). But I can't quite understand how this makes sense, unless a "balance of..." has a separate, real-estate contract meaning that I am unaware of. Please help. tx
-------------------------------------------------- Note added at 9 mins (2005-07-26 14:26:27 GMT) --------------------------------------------------
this means that the seller finances this balance of sales, while the rest is carried by a usual mortgage holder (bank - trust/finance company) I bought my house this way a balance of sales is always a small portion of the total price
The logic: the price has been reduced to 775,000 which includes the 50,000 reduction in the sale price... that makes sense to me. Doesn't it make sense to you?
It makes sense, but isn't logical to me. I mean, either the 50k is the entire reduction, in which case see my previous post, or it means that there are two or more components to the reduction, in which case what are these enigmatic other reductions? In any case, I have to send it back now, and have just received an addition: Ce d�bours� devra servir � rembourser en totalit� le solde de prix de vente d� au vendeur. So I think that the doc and the realtor are both on (maybe a question of semantics?) for this one. thanks all. k
...cont... for the rest of the sum. In this case, $50,000 could be a deposit.However as it is specified as a 'balance of sales', it is carried by the seller to the buyer, not the mortgage company.Clear?
yes - the price is $775,000 which is reduced from whatever (we don't have this info). So it will be for a mortgage of $725,000 and a balance of sales of $50,000. Now in a purchase, you can give a deposit (cash or similar) and get a mortgage for ...cont
16:02 Jul 26, 2005
Non-ProZ.com
more info (barely)
15:51 Jul 26, 2005
From a representative of the Morgage Loans department of an insurance company (within Corporate Actuarial & Investments) to the purchaser. I don't know who the vendor is. The price has been reduced because of structural damage to the property which requires work to be done to the foundation. I see what you mean about the reduction OF 50k, but then why would they write, "incluant" instead of say something like, "le solde de prix de vente �tant de 50 000 $." Isn't the reduction TO 775k the very same thing as the reduction OF 50k???? ?
It would probably help if you told us who the letter was FROM and TO?
15:10 Jul 26, 2005
Non-ProZ.com
RE: reduced sale price
14:58 Jul 26, 2005
The thing is, if we translate the 'solde' part as 'reduced sale price', it'll read something like: Consisting of a price reduction to $775,000, including a reduced sale price of $50,000. Which is weird, but also wrong, it seems to me, since the price is the aforementioned 775, not the 50. ?? I'm still with the doc here.
Non-ProZ.com
Sounds right
14:45 Jul 26, 2005
Thanks, Doc, that seems like exactly what it is. The rest of the letter in question doesn't clarify anything, it goes off on a tangent about improvements to be made to the building in question, that paragraph being a sort of self-contained unit. But it's all good. Much appreciated, k
Automatic update in 00:
Answers
8 mins confidence: peer agreement (net): +2
balance of sales
Explanation: standard in real estate
-------------------------------------------------- Note added at 9 mins (2005-07-26 14:26:27 GMT) --------------------------------------------------
this means that the seller finances this balance of sales, while the rest is carried by a usual mortgage holder (bank - trust/finance company) I bought my house this way a balance of sales is always a small portion of the total price
DocteurPC Canada Local time: 14:10 Native speaker of: French, English PRO pts in category: 12
36 mins confidence:
incorporating a reduction of XXX on the purchase price
Explanation: A suggestion
Anne McKee Local time: 20:10 Native speaker of: English
Explanation: It does sound a bit odd. But do remember that 'soldes' are 'sales', and goods are often referred to as 'soldé' when they have been marked down. Could the writer here perhaps be using this (rather inaccurately, IMO) to mean 'including a discount / reduction of...' --- perhaps the rest of the figures in your text would give you a clue --- if the original price was 825,000 $, for example?
-------------------------------------------------- Note added at 20 mins (2005-07-26 14:37:10 GMT) --------------------------------------------------
Yes, now Doc has added her later note, I can see how that might be the case --- it sounds like a deposit of 50,000 $ that does not form part of the loan etc.
Surely the rest of your context would clarify this?
-------------------------------------------------- Note added at 55 mins (2005-07-26 15:12:40 GMT) --------------------------------------------------
No, it would mean \'a reduction of 50k on the purchase price\'!
Tony M France Local time: 20:10 Specializes in field Native speaker of: English PRO pts in category: 365
Explanation: The buyer shall reimburse to the seller the BALANCE OF THE SALE PRICE ... which shall be secured by a 2nd rank hypothec (2nd mortgage) subsequent to a hypotec securing a loan having a balance of not more than $XXX; that BALANCE OF THE SALE PRICE shall bear interest at the rate of xxx% ... and shall be payable in instalments of $XXX (combining principal and interest) ...
PS: I'm a realtor.
-------------------------------------------------- Note added at 2005-07-26 18:32:50 (GMT) --------------------------------------------------
Let\'s suppose that the asking price is $800 000. An offer comes in at $775 000. The vendor will receive $700 000 from the lending institution, $25 000 cash from the buyer and a balance of the sale price for $50 000; this balance of the sale price is guaranteed by a second mortgage. The total sale price is $775 000 but the vendor gets $725 000 cash + a piece of paper worth $50 000 ... Any more questions, Jane?
Jean-Claude Gouin Canada Local time: 14:10 Native speaker of: French PRO pts in category: 14
-------------------------------------------------- Note added at 34 mins (2005-07-26 14:51:03 GMT) --------------------------------------------------
solde in real state means the Original Price is Reduced!
-------------------------------------------------- Note added at 1 hr 42 mins (2005-07-26 15:59:14 GMT) --------------------------------------------------
A reduction in the price to xxx, which includes a reduction of 50,000 of the sale price
-------------------------------------------------- Note added at 1 hr 44 mins (2005-07-26 16:01:21 GMT) --------------------------------------------------
which translates: consistent en une réduction du prix à 775 000 $ incluant un solde de prix de vente de 50 000 $.
The logic: the price has been reduced to 775,000 which includes the 50,000 reduction in the sale price...
that makes sense to me. Doesn\'t it make sense to you?
-------------------------------------------------- Note added at 7 hrs 55 mins (2005-07-26 22:11:51 GMT) --------------------------------------------------
The answer does seem to be remaining balance. No problem.
My answer is wrong.
Jane Lamb-Ruiz (X) Works in field Native speaker of: English, Portuguese PRO pts in category: 92
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peer agreement (net): +2
