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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. See All Tips In The "Bargain Properties" Category > See Complete Library Of Hundreds Of Tips In 30+ Categories > Real Estate Trivia Q  Where are the highest median price homes in the United States currently located? A  According to the NAR, the highest median price in the second quarter of 2005 was $726,900 for homes in California's San Francisco Bay area. See More Real Estate Trivia >

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Hank Cosby Hank Cosby Real Estate 3812 Old Buckingham Road Powhatan, VA. 23139 Phone: (804) 598-2875 Fax: (804) 598-2833 Email: hank@hankcosby.com Hank Cosby and his team know the Powhatan and Richmond areas well. You deserve their expertise, knowledge, and commitment on your side. Please do not hesitate to contact Hank and his team for more information. www.hankcosby.com is brought to you by Hank Cosby, real estate for Powhatan County and Western Richmond, Virginia Read Hank Cosby's Privacy Guarantee, Terms of Service, and Free & Without Obligation Pledge

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