Personal finances will impact how long a person lives in a house before selling. Real estate agents often suggest the five year rule when asked how long someone should live in a new home before selling it.
When your order is In Transit, it means that we have finished processing your order and have begun the dispatch process with a courier or shipping company. When there is a tracking number available, we display it alongside the courierâs name.
(The buyer will record freight-in and the seller will not have any delivery expense.) With terms of FOB shipping point the title to the goods usually passes to the buyer at the shipping point. This means that goods in transit should be reported as a purchase and as inventory by the buyer.