Positive Equity = Equity or Traditional Sale
Negative Equity = Short Sale
Realtors started using the term Equity Sale late last year to distinguish the sale from Short Sales and REOs.
These are the best kind of sales because you have a real human seller and don't have to get a bank approval.
Some buyers are willing to pay more for Equity Sales (not a lot more, but a little more) because the sale will typically be faster and normal because the sellers are humans and not institutions.
Believe it or not.....we have to identify "normal" sales. Equity sale simply means that a normal person is selling their home in a normal sale...not a bank-owned and not a short sale. These are the best kinds of sales, they can close quickly, make repairs and negotiate on the price.
Equity sales are 'regular' sales, where the sellers will have enough money to close escrow even at the lowered sales price from peaks. These are easy escrows to close. Short sales may take a while some short sales may not even materialize.
Please contact me for more info if needed.
An equity sale means the seller of the home has equity in the property. He or she does not owe more than the home is worth, they owe less. Enough to sell the home and pay their own closing costs of sale. I believe agents put this in so they will distinguish them from short sales where the seller need the banks approval to sell. No bank approval is required in this type of sale.