"Thank you"
Jim, I want to tell you how much I appreciate your attentiveness to my daughter and son-in-law, Helen and Luke. They are "in the clouds" about the success they've had in finding a home in Athens, where Luke will be pursuing his doctoral degree this fall. I can't tell you gratifying it is a parent to know that loved ones (embarking on a very big "Life Event") are being cared for and tended to by capable and courteous professionals, like yourself. Thanks so much for all you've done and are doing for them. Sincerely, Leith.
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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.
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| Q |
What price range is considered upscale or high-end in residential real estate?
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| A |
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. |
See More Real Estate Trivia > |
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