You have listed a property. The seller told you that he must net at least $14,000 after all the fees and expenses are paid. You estimate the seller's closing cost to be $3,500, and he must payoff an existing loan of $108,750. In addition, you are going to charge 7 percent commission on the sale. What is the LEAST amount that the property can sell for to return the seller's desired net?

Respuesta :

Answer:

wow

Step-by-step explanation:

Answer with step-by-step explanation:

Step 1: $14,00 - $3,500 + $108,570 = $10,500 + $108,750 = $119,250

Step 2: 7% of $119,250 = $8,347.50

Step 3: $119,250 + $8,347.5 = $127.597.50

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