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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 is considered one of the few remaining tax shelters in the 1990s?
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| A |
Homeownership--property taxes on a residence or vacation home are deductible up to $1 million. |
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The Kimmelman-Gutman Group
Real Estate Experts
Keller Williams
404 Main Street
Ridgefield, CT. 06877
Direct: 203 438-8000
Email: info@Kimmelman-Gutman.com
Brad Kimmelman is one of the top producing Realtors in the Ridgefield, Redding, and Northern Fairfield County area. His clients are the main source of his business, because, they constantly refer him to their friends, family, neighbors and business associates. Brad is a Ridgefield resident, and participates in many community related organizations.   
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