If I sold a house and made 7% commision for the first $100,000\n\nand 5% commision for the amount that exceeds $100,000\n\nHow much would the house cost if I made $15,250 from selling it. \n\nWe already know that I made $8,250 from the 1st $100,000
136020
Okay...\n\nYou've made $8250 from the first 100k, that's established.\n\nThat means you've made another $7000, at a rate of 5%.  (Add $140,000).\n\nSo you've got a total price of $240,000 for the property.
19755
why cant you refinance? I am a manager for Creative Mortgage and i am always looking for people to refer home loans to me. For every person you refer you get $750.00. No selling, No calling just introduce me to your circle of influence (friends who need home loans) I can refi anyone in all 50 states.\ni make over $200,000.00 dollars a year just by refering people. No education needed. simple 10min conference call for training. Robert 720-982-3612\nYou can recieve a paycheck in as little as 5days($750.00)
258676
Well, I'm a loss mitigator and they say it costs the lender about 40,000 on average to take a home and resell it over time.\n\nThe costs vary but if I had to put a number on it... at default time about $800-$1,200 then if the foreclosure is filed another let's say about the same.  Then if they acquire the home.  The realtor fees, maintenance fees, loss of income from the loan -that's where the bulk of the $40,000 obviously comes in.  Don't forget there are unseen costs like the personnel used to listen to you tell them why you can't make the payments. \n\nYou've only got a couple options and moving is the best idea early on when you realize something has changed and it's not going to get better.  By the way, don't answer every call but do keep in touch- they won't move to foreclose as fast if you stay in touch!  even if you've got a motgage that's over the value of the property now- don't worry- just put it on the market and let the lender do an assisted short sale with the new buyer... it will be much better- see my web site if you want more specifics on why you should make a decision quickly, etc. Obviously, if you live in the Chicagoland area of Illinois you can call me -I might be able to help you get this done or at least help you since I'm a Real Estate Broker and a Loan Officer that does this as a community service to help people in these situations on a regular basis.
206047
I am assuming you are asking one of two questions...\n\n1) How far can I buy my rate down with points? or,\n2) What is the maximum amount of fee's/points I can be charged?\n\n1) This will depend on the type of loan be it an A-Paper or Sub-Prime deal. All of the lenders will have a floor rate for your specific product. Say you are offered a 10 year ARM at 6% with no points but you decide to pay 1 point to get a 5.5% rate; great you say, what if I pay 4 points thinking this will get you 4%... Wrong, the floor for this product maybe 5.375% minimum... (I made these number up BTW). An A-paper product will typically have a lower floor than a sub-prime product plus many lenders will only allow you to apply so many points for buy-downs.\n\n2) If your asking what the maximum 'points' in fees can be this will vary state to state and by transaction type. For instance FL is an 8% state on purchases meaning that adding all of the fees for origination, loan discount, appraisal, credit report etc, etc... can not equal more that 8% of the loan amount before it is a high cost loan. In Texas on a cash out refinance the maximum fees are 3%... Many lenders use a 5% cap across the board excluding Texas just top be safe.\n\nI hope this somewhat poor explanation is what you were looking for.
674153
Hi-\nRealtors are paid 100% commission in residential real estate typically splitting either side of the transaction with the sponsoring broker. For example if you represented a buyer on a $500K purchase at a 6% rate, 3% would go to each side and then that would typically be split 50 -50 from there. Good rule of thumb is 1.5% of any transaction. There are situations in commercial where a firm will give you a draw that gets paid back once transactions are complete.
186312
That is about right, but look for a little more than 10K. It varys from state to state, and from bank to bank. Don't be afraid to ask your lender. Infact, when you get prequalified they should give you an estimate on your closing costs including home inspections and other misc things.
551272
Why would you want to pay closing costs twice, by refinancing?\n\nThere are too many variables for a specific answer, but\nyou need to be asking this broker some questions- why do I need a cosigner- what's the rate- how much do I need to bring to closing- is it a fixed rate-for how long-is there a prepayment penalty?, etc.\n\nRead all the paperwork and don't sign it unless you understand it, and don't give anybody money until you are comfortable moving forward. \nShop around, but don't let people keep pulling your credit. Get your scores from the broker and be honest when you are talking with another broker.
150434
New house price                               $500,000\nEquity of the previous house              (-) $158,000\nYour new loan amount will be approximately:   $342,000.\nDon't forget to add all the costs associate with selling the old house and buyning the new one.
572946
The realtor has to submit any offer given to his sellers, so it may be the seller's are greedy and want to wait it out.\n\nThe realtor only makes 6% if he is on the selleing and listing side, and as most things are, it is completely NEGOTIABLE.  In this market when there are more houses than realtors and more sellers than buyers, it is totally negotiable.\n\nAlso remember, in order for a buyer to obtain a loan to purchase that property, it has to be actually WORTH what they're asking for, so chances are they're passing up on good offers.  Just figure they're greedy fools and you're probably being saved a huge headache not having to deal with them.\n\nIf he does get the price he wants, their taxes will be raised, not the surrounding properties.  They may get the benefit of being able to sell higher, but their taxes are based on their worth at the time of their sale and any normal increases.\n\nNo, I don't think the housing market is justified at all.  I moved a year ago from an 1100 sf old piece of junk house worth $850,000 to a place 100 miles away that's 2500 sf and is worth $450,000 .. go figure!  Unfortunately, people will pay stupid prices.
375484
It all depends on the market value of the property. I see properties all the time listed 10-15% over market. In a situation like this I would not even make an offer because it shows the owner is unreasonable. If the asking price near market value I would offer 5-10% lower. If the asking price is way below then I would offer 1-3% lower and if they insist on full price then I would pay full price.\nIn your situation I would negotiate for a lower price. If other properties have taken a year to sell then obviously the market is softening so I would be a little cautious in paying the full asking price.
134119
6% has been the standard (3% to buyers agent, 3% to sellers agent). Now fees have gone down to 2-2.5% for each agent. If there is an agent selling their own house he shouldn't have a fee as they'd have to pay income tax on it. The seller has the pay the fee, so they would just be paying themselves.
472141
Problem 1: If a piece of real estate purchased for $75,000 in 1998 appreciates at the rate of 6% per year, then its value t years after the purchase will be f(t)=75,000(1.06^t). According to this model, by how much will the value of this piece of property increase between the years of 2005 and 2008? \n\nf=75000*1.06^3=89326.20\nincrease=89326.20-75000=$14,326.20\n\nProblem 2: The amount A in an account after t years of an initial principle P invested at an annual rate r compounded continuously is given by A=Pe^rt where r is expressed as a decimal. What is the amount in the account if $500 is invested for 10 years at the annual rate of 5% compounded continuously?\n\n500*e^.05*10=500*e^.5=$824.36\n\n\n\nProblem 3: Find the number log5(1/5). \n-1
617238
It's based on out of pocket gain and out of pocket loss, in your case $0. The commission that you pay to the real estate agent would be considered a loss as well.
635834
I haven't done this in forever, but I'll try.  If I get something egregiously wrong, let me know via email.\n\nIn the interests of laziness, I used M instead of MM for million.\n\nIn time 0, there's\n-15M\n-150k\nSum = -15.15M\n\nIn year 1,\nthere's\n-1M from fixed costs\n-5.65M from change in NWC (58M in sales -> 5.8M total)\n+8M from (sales - VC)\n-2.8M in tax\n+1.5M from deprecation tax shield\nSum = .05M\n\nIn year 2,\n-1M in fixed costs\n-2.9M from change in NWC (87M in sales)\n+12M from (sales - VC)\n-4.4M in tax\n+1.5 from depr\nSum = 5.2M\n\nIn year 3,\n-1M in fixed\n+4.35M (43.5M in sales)\n+6M from (sales - VC)\n-2M in tax\n+1.5 from depr\nSum = 8.85M\n\nAt the end (still year 3),\nthere's\n+4.35M from recovered NWC\n+3.75M in salvage value (might be less if the book value is less than 3.75...I don't exactly remember how to handle this, but it might be 60% depending on if the sale is taxed from whatever cost basis)\nSum = 8.1M\n\nSo, -15.15M + (.05M/1.2) + (5.2M/1.2^2) + (8.85/1.2^3) + (8.1M/1.2^3) = -1.69M\n\nThe IRR is relatively trivial from here.\n\nHm, so it's looking negative.  I'm not sure.  There's definitely something off in my calculations somewhere.  *shrug*
303195
You can prorate the $250k gain exclusion if you sold your house because your new job is more than 50 miles from your old home.  \n\nTherefore, since you owned the house for 1 year you can exclude up to $125k of gain.  It does not matter if you buy a new house or not.\n\nBTW, I am a CPA.
474641
The problem I had with Assist2Sell, is they wanted to list my home about $10k below market.....To sell it fast.....I got other appraisals and realized they were under selling my property....Plus they won't put it on MLS for the $2495.....Only on there website.....If you want it to be on MLS, they will charge you the 6%.....Its sort of a scam.....I ended up selling myself for more than Assist2Sell's price and saved 1,000's.....Best of luck to you...
170916
Say the 10 items sell for $10. You paid $10 for 11 items.\nyou paid $0.909 per item and sold it for $1.\n\nProfit is $.091 on $1.00  or 9.0909%