The following example may assist you in understanding the all
the costs involved in the standard process.
Fair Market Value is the gross revenue term.
For example, let's say you have a property worth $150,000. On average, 92-95% of that value is offered for that home across the country. You could get an offer for that within about three months if you are fortunate. If all goes well, consider another 30-45 days for closing, and when all is said and done, you have made an additional four or five mortgage payments on your home since listing it for sale. Further, add a typical real estate commission of 7% for your realtor plus a 3% closing cost, in addition to the cost of any repairs (i.e.: paint, carpet, roofing, etc) that need to be made to get your home into selling shape, and you have a sensible picture of the standard home selling process.
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