Question
A property is listed at $155,000. An offer is made for $145,000, provided the seller pays some discount points on a loan for 90% of
A property is listed at $155,000. An offer is made for $145,000, provided the seller pays some discount points on a loan for 90% of the purchase price. The brokerage commission rate is 3%. How many discount points does the buyer ask the seller to pay for the loan given that the seller receives $12,000 less if he accepts the offer compared to if he sold at all cash at the listed price?
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Cost Management A Strategic Emphasis
Authors: Edward Blocher, David Stout, Paul Juras, Gary Cokins
7th edition
77733770, 978-0077733773
