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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 famous American monument is also the world's heaviest statue?

A 
The Statue of Liberty, officially named "Liberty Lighting the World", weighs 54.31 million pounds.
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Jerry Morrow, REALTOR®, real estate agent and broker for Fort Wayne, Woodburn and Auburn, Indiana home listings, property and land for sale - NUMBER1EXPERT

Jerry Morrow
JMO Real Estate Group

6605 E. State Blvd. Suite 2
Fort Wayne, IN 46815
Direct: 260-485-0784
Office: 260-485-0771
24 Hour Information: 800-869-9706
Fax: 260-479-1599
Personal: jerry@jmoreg.com
Information Request: info@jmoreg.com

Buyers and Sellers Wanted!!! BUYERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Purchase your new dream home with $0 money down -Get pre approved for a 5% fixed interest rate -Obtain a 1% adjustable interest rate -Simply gather general information about today’s ever changing market SELLERS Please call (800) 869-9706 Your 24-hour information hotline or visit our website at www.jmoreg.com to learn on how to: -Receive a free CMA for your home. Competitive Market Analysis -Get approved to buy a home without selling your current home -Learn how we help find prequalified Buyers to purchase your home -Simply gather general information about today’s ever changing market Call Today and see how I can Help. I Look forward to hearing from you. Sincerely, Jerry Morrow 260) 485-0784 jerry@JMOREG.com

ePro Equal Housing MLS REALTOR


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