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How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.

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Agent, Realtor, Broker: What Do You Call a Person Who Sells Houses?

HomeLight

According to NAR, there are three types of brokers : Each real estate office has a principal/designated broker , who oversees all their licensed real estate agents, ensuring they are in compliance with local and federal laws and assuming all the liability of the real estate transactions. Schedules showings and hosts open houses.

article thumbnail

How to Find Affordable Houses: 13 Smart Ways to Save on Your Next Home

Redfin

It suggests your mortgage payment should be no more than 28% of your gross monthly income , covering principal, interest, taxes, and insurance. A contingent listing means the seller has accepted an offer, but the sale depends on certain conditions, like the buyer securing financing or selling their current home.