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Real Estate Tips
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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Real Estate Trivia
Q 
What does "contingency" mean in real estate?

A 
A contingency is a specified event that must take place before a home purchase contract is binding; for example, a sale can be said to be "contingent upon the sale of the buyer's current residence."
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The Hendricks Team, REALTORŪ, real estate agents and broker for Indianapolis, Carmel, Zionsville and Westfield Indiana home listings, property and land for sale - NUMBER1EXPERT(tm)

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Email: greg@readytocallhome.com

Integrity, Commitment and Professionalism differentiate Christine Hendricks from other local Indianapolis, Indiana REALTORSŪ. Her clients are not only loyal to Christine, they are also loyal to the high standards she represents. Christine has been selling real estate full time for over 12 years and has closed in excess of 100 Million Dollars in Residential Sales. A graduate of Indiana University with over 18 years of marketing experience, Christine resides in Carmel, Indiana with her husband and marketing director, Greg.

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