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1805 Schaumburg Road Base asking price:$230,000.00$218,500.00
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ExpenseAmountPercent
Notes/Explaination
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Buyers Discount$9,200.004%
In general you can expect that a Real Estate Broker will get an offer for 90%-95% of the asking price if they are a GOOD agent.
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Real Estate Commission$9,200.004.00%
This is the standard rate
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Closing costs$6,900.003.00%
Title fee plus costs typically paid by the seller
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Holding Costs$6,900.003.00%
Mortgage payments, maintenance and utilities paid until closing
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Transfer Tax$345.00
Schaumburg at $1 per thousand and Cook County at $0.25 per five hundred in value
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Repairs$0.00
Varies by what you are going to do. May be added back or may be asked as a discount by the buyer.
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Total Cost of Sale$32,545.00
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House Asking Price$230,000.0020000
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Existing Loans$140,000.00
Must be paid in full if sold at title closing.
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Private Loan$28,000.00400
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Equity$62,000.00
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Cost of Sale$32,545.00
Costs as shown above
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Remaining Equity$29,455.00
Net proceeds from sale to be anticipated.
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p&i$828.00Max Payout$26,509.50secondary$23,564.00tertiary$20,618.50all cash$17,673.00
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tax$391.67Mark gets 10%5yrscash50007500
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Insurance$100.005yrs$18,564.00$13,118.50
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$1,319.67
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