Bargain Sale

Definition

• A bargain sale refers to purchasing a property or an item for less than the market value.

Synonyms
cheap, discounted, less than market value, under valued

Related Terms and Acronyms

• Backup Offer — Definition,
  • A bid for a property that the owner will consider if the current transaction falls through.
• Comparative Market Analysis (CMA) — Acronym, Important,
  • A method of estimating a property's value by comparing the sales prices of similar properties that have sold recently.
• Low Ball Offer — Definition,
  • A way-below-market bid a buyer makes on a property or item.
• Market Value (MV) — Acronym, Important,
  • Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
• Probate Sale — Definition,
  • Sale of property after the death of the owner, supervised by a court, with proceeds divided among creditors and heirs.