Eight years ago the homeowner purchased the property for $500,000. The market in that price range has basically been stagnant since then, and the owner now tells his sales agent (working on a 5.5% commission) he wants to sell the property and at least break even. How much should he list it for?

$527,500, the original cost plus commission
		$500,000 (commission cannot be counted as part of the transaction)
		$500,000 (commission is a separate transaction that later can be a tax deduction)
		Comfortably above $500,000 to allow for buyer negotiation