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Current Mortgage RatesVariable closed: 1.65% 1 year closed: 1.64% 3 year closed: 1.59% 5 year closed: 1.69% 10 year closed: 2.84% Glossary
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GLOSSARY
Canadian Financial, Real Estate and Mortgage Glossary
How often this word is used
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38% - Moderately
38% - Moderately
Bargain Sale
Synonyms: | cheap, discounted, less than market value, under valued |
Filed Under: | real-estate |
Tags: | realty |
Definition of bargain sale
- bargain sale
- 1. A bargain sale refers to purchasing a property or an item for less than the market value.
Related Terms and Acronyms:
- backup offer A bid for a property that the owner will consider if the current transaction falls through.
- comparative market analysis (CMA) A method of estimating a property's value by comparing the sales prices of similar properties that have sold recently.
- low ball offer A way-below-market bid a buyer makes on a property or item.
- market value (MV) Also known as "Fair Market Value." The estimated value of a property which a seller could expect to receive under normal conditions.
- probate sale Sale of property after the death of the owner, supervised by a court, with proceeds divided among creditors and heirs.
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