What would a homeowner have to receive as a selling price?

Question

The purchase price $87,500 a 6.5% real estate commission, $2250 selling expense and 35% profit on his initial investment

Answer 1

If he wants a 35% return on 87500, he has to get 1.35* 87,500 or 118,125, net of expenses. Add in the 2250 and that's 120,375 net of commission. If the commission is 6.5, then the 120,375 he gets is 93.5% of the total sales price, which is 120,375/.935 or

$128,743.30

Answer 2

the only logical amount a homeowner would have to receive is the fair market value of the property. this price can usually be accomplished in 2 ways -- a licensed realtor can prepare a comparative market analysis, showing what homes in the area have recently sold for. this should be free of charge. the other is to hire a licensed home appraiser -- this will cost between $250-$600, depending on your area.

although a seller may NEED to clear a certain amount, there's no way to obtain an offer for that needed amount if the market won't bear it.

good luck!

Answer 3

the answer is $126,100 and that's rounded up from $126,062.50.
But is your home really worth that? It could be worth more or less. I'm a Real estate agent and I would suggest consulting one. Just so you can get a better MV(Market Value) rate.
You may want to add in a Home Protection Warranty with the sell of your home, if its offered in your state. It makes for a better Marketing of the home and maybe a quicker sale.. Thanks and Good Luck!

Answer 4

$128,840.62