Question
You are selling your house and you think it will sell for $335,000. You talk to a real estate agent who is willing to list
You are selling your house and you think it will sell for $335,000. You talk to a real estate agent who is willing to list your house for $339,900. Her fee is 6%. You currently owe $210,000 on your home. How much will the real estate agents fee be if you get a full price offer? How much will her fee be if you accept an offer for $335,000? After you pay off your existing mortgage: Assume that you are able to sell your house for the list price of $339,900. How much will you have to cover the down payment, taxes, and fees of your new house? Assume that you accept an offer for $335,000. How much money will you have to put toward a down payment, taxes, and fees? If the buyer wants you to pay closing costs of $4,700: how much money will you have for a down payment on your next house if you get a full price offer of $339,900? how much money will you have for a down payment on your next house if you accept an offer for $335,000? You decide not to sell your house but to remodel and put on an addition. What is the equity in your house given a $335,000 appraised value? The bank will let you borrow 70% of the appraised value of your house, which appraises at $335,000. What is the maximum home equity loan you can get?
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