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You are an appraiser, and you are analyzing the comparable sale of a duplex. The buyer paid $185,000, with seller financing for 100% of the
You are an appraiser, and you are analyzing the comparable sale of a duplex. The buyer paid $185,000, with seller financing for 100% of the purchase price at an 8% interest rate with 30-year amortization (compounded monthly). Market rates are currently 5.25%.
Premium/discount
Based on your cash equivalent sale price, you are able to determine that the duplex sold at
$60,827 discount
$45,776 premium
$5,088 discount
$4,162 Premium
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