Which of these statements explains why price ceilings result in lost gains from trade? Buyers and sellers want to trade, but the threat of fines or jail time prevents them from doing so. Buyers want to trade, but sellers are indifferent at the lower prices. Neither buyers nor sellers want to trade subject to a price ceiling resulting in lost.
Selling Your House: Nolo’s Essential Guide provides tips from industry pros-including real estate agents, attorneys, home stagers, and more-as well as stories from home sellers. " With the help of real estate agents and home sellers who contributed stories and tips, Bray presents the big picture: key steps for selling your home ."
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SAN DIEGO (AP) – Robert and Emerald Oravec were itching to sell their condominium late last year to move closer to a favorite surfing spot, but they were stuck. They owed the bank $194,000 and.
· The region’s median home sale price hit $406,500 in May, up 21.3 percent from a year earlier amid brisk sales, according to DataQuick.
Still, CREA’s most recent figures show the national average price for a home sold in May was close to $508,000, up 1.8 per cent from a year ago. Elevated home prices are squeezing some would-be buyers out of the market, sending others to seek out smaller homes and leaving some homeowners in a cash crunch.
· Say the purchase price is $300,000. If the maximum allowable credit is $9,000, buyers should not ask a seller to give them $10,000 because their lender most likely will not allow that amount. Plus, if a buyer’s closing costs add up to $8,000, for example, there is $1,000.
Home sellers have a signficant number of seller closing costs to pay when selling their home. This list of Seller Closing Costs has been updated. Seller closing costs generally come as a surprise to home sellers, particularly when home sellers find out that they’ll have to pay anywhere between 2 to 7 percent of the sales price in fees and costs.
After you determine your basis, you can deduct it from the sales price when you sold your house to determine your capital gain. For example, if you sell your home for $400,000 and its basis is $360,000, you have a $40,000 capital gain. You can whittle away from this a little more, however, by deducting costs incident to the buy-and-sell process.
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