Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Question 6 2.5 pts You are considering the purchase of a 2,300 square foot house that is being offered for $238,500. After researching recent home

image text in transcribedimage text in transcribed

Question 6 2.5 pts You are considering the purchase of a 2,300 square foot house that is being offered for $238,500. After researching recent home sales in the area, you find three that are comparable. The first was a 2,500 square foot home that sold for $225,000, the second was a 2,200 square foot home that sold for $200,000 and the third was a 2,000 square foot home that sold for $178,000. Based on your analysis, what would be a reasonable offer on the house? (Round all computations to the nearest dollar.) $207,000 O $210,000 O $205,000 O $201,000 Question 7 2.86 pts Which of the following is affected by your credit score? the rate you pay on your credit cards. O All of the answer options are correct answers. O your mortgage rate. O the size of your credit line. Question 8 2.86 pts Of the following fees involved in the purchase of a house, which is usually not borne by the purchaser? Real estate broker's commission O Appraisal fee Loan application fee Title search and insurance u Question 9 2.86 pts Which of the following apply to getting a cash advance with a credit card? O Cash advances may be available at ATM machines. The interest rate may be higher than on regular purchases. You begin paying interest immediately. All of these options are correct answers. There may be a cash advance fee

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Trading In The Financial Markets Market Basics

Authors: R. Tee Williams

1st Edition

0123748380, 9780123748386

More Books

Students also viewed these Finance questions

Question

Describe strategic succession planning in todays environment.

Answered: 1 week ago

Question

Explain the various elements of a diverse workforce.

Answered: 1 week ago

Question

Describe the strategic planning process.

Answered: 1 week ago