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GLOSSARY

Canadian Financial, Real Estate and Mortgage Glossary

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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