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Bargain Properties >Less Than Market Value
Real estate ads are sprinkled with terminology that often puzzles consumers who don't have applied knowledge of housing industry lingo. Internet homebuyers find that information about properties is often presented in abbreviated form or unfamiliar language. Shedding a little light on some basic real estate terms may help you locate a home that is available at a very affordable price. 'MLS' refers to the Multiple Listing Service, which is the national database of listed homes for sale. Some real estate web sites allow homebuyers to preview local listings that appear on the MLS. If you see a real estate ad for a "FSBO", it means that the property is for sale by the owner, who is declining the services of a Realtor. A home listed "As-is" is being sold in its existing condition. A "bargain sale" home is priced at less than its market value, and a "fixer-upper" is priced low because it needs refurbishing.
What price range is considered upscale or high-end in residential real estate?
The price range varies depending on the local market, but upscale homes are in the top 10% of an MLS area's annual home sales.
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.comAs preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
The Franich TeamRE/MAX Accord313 Sycamore Valley Rd., WestDanville, CA. 94526Direct: 925-736-1664 Cell: 925-330-2773 Fax: 925-964-0266Email: Judi@JudiFranich.com
As preeminent real estate professionals in our community, we are dedicated to providing the finest service available while breaking new ground and setting new standards through the use of Internet marketing. Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game. We can offer top contract negotiation skills and can save you thousands of dollars in buying and/or selling a home. Most important, we listen to your needs!
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