The
Multiple Listing Service is a computerized information network that contains virtually
all the homes listed for sale through all realty companies. When you hire an agent
to sell your home, that agent will contact the MLS and "list" the home
into the database, entering the data about the price, number of bedrooms, location,
etc. When you contact an agent to
buy a home that agent will access the MLS in search for a home that meets your
needs. He will then give you a choice of multiple houses to look at. What
is a closing? The closing
is the date the buyer, seller and the lender agree to meet and legally transfer
the property and disperse all the funds. How
much home can I afford?
Typical mortgage requirements say that if you have an average debt load, you can
obtain a mortgage between two and three times your annual income. What
is an appraisal? This is
an estimate of the value of the property you intend to buy or refinance.
The
information on this web site is deemed to be correct but is not guaranteed. All
properties or information contained on this site are subject to prior change,
modification, sale or withdrawal from the market. ©Copyright 1999 Realty
Professionals. All Rights Reserved.
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