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Real Estate Terminology

October 7, 2021

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.

To Learn More, Contact Bill at 302-841-7147

Bill Cullin
Your Real Estate Source at the Delaware Beaches
Websites:
www.DelawareBeachRE.com
www.TheHenlopen.com
Cell: 302-841-7147
Office: 302-227-2541
Toll Free: 1-800-GO-BEACH, ext. 117
Fax: 302-227-8165
Long and Foster | Christies International Real Estate
37156 Rehoboth Avenue Ext, Suite 5
Rehoboth Beach, Delaware 19971

• Top Individual Agent Long & Foster Rehoboth Office for 13 consecutive years
• Long & Foster’s Top Selling Individual Agent in the entire State of Delaware for 2 consecutive years
• Long & Foster’s Top Selling Individual Agent in the Coastal Region for 3 consecutive years
• Five Star Professional Award Winning Sales Agent (based on client surveys) for 7 consecutive years
• Member of Long & Foster’s Gold Team. Founders Club Level, with sales volume of 10 to 20 million dollars per year. For 6 consecutive years.
• Zillow.com and Trulia.com 5 Star Professional 10 Consecutive years with Best of Zillow designation be awarded last year. Click Here for see client reviews online
• Top Selling Agent at The Henlopen Condominiums over the past 13 years

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