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131 Real Estate Terms & Definitions Your Clients Expect You to Know in 2023

The Close

How else would you and your clients understand how much is being paid in principal and interest over the years? Simply put, this measures the number of days a property is for sale, from the day it is listed on the multiple listing service (MLS) to the day a buyer and seller are under contract. Earnest money deposit.

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Home Buying Checklist: A Survival Guide for Buyers

Redfin

224,000/100 = $2,224 is the maximum monthly mortgage payment, including principal, interest, taxes, house insurance (PITI) plus mortgage insurance, that you could afford according to the 28% rule. . Your real estate agent can help you narrow your search by using multiple listing services (MLS) results. Now divide the total by 100.