David Saks: January 2015

David Saks - Real Estate Broker - The Real Estate Mart of Tennessee, Inc. - 4040 North Watkins-Suite #4 - Memphis, Tennessee 38127 - Phone (901) 357-4663

Real Estate Practice : Lesson 3925

math

If you bought a house for the listing price less 20% and sold it for the listing price, what percent of profit would you make ?

Take your time. The answer is posted below the wildlife photo.

wildlife

A. 25%

Here's an example for you.

Let's say we bought the home with a listing price of 500 thousand dollars for twenty percent less than the listing price.

That would amount to a selling price of 400 thousand dollars.

Let's subtract the original listing price of 500 k from the selling proce of 400 k and we see that the 20% less amounts to a savings of 100 thousand dollars over the original listing price.

Now we're going to flip the house for 500 thousand dollars and make one hundred thousand dollars on the deal.

Now let's divide 400,000 (the price we paid for the house) into the profit we made, which is 100 thousand dollars, and we see that we have a profit of 25%.




David Saks



Time&Temp Memphis

Legal Disclaimer
Please be advised that:

 The information and notices contained in this blog are intended to summarize recent developments and news. The posts are presented as general research and information. These posts are not intended, nor should be regarded, as legal advice. Some blog posts concern allegations made in civil lawsuits and in criminal indictments in United States Courts. All persons are presumed innocent until convicted of a crime and proven guilty. Readers who have particular questions or who believe that they need legal counsel should seek the advice of a qualified attorney. It is neither the editor's or author's intention to create a confidential relationship or any broker-client relationship via communication from this site at any time. Please consult with your state real estate board if questions & answers in the education section conflict with the laws of your region or if you need clarification regarding their applicability or how they may govern the services that you provide.

By entering this web site, you understand the following:
When you select a link to an outside Web site, you are subject to the privacy, copyright, security, and information quality policies of that Web site. David Saks:
1.DOES NOT control or guarantee the accuracy, legality, relevance, timeliness, or completeness of information contained on a linked Web site;
2.DOES NOT endorse linked Web sites, the views they express, or the products/services they offer unless linked web sites, the views they express, or the products/services they offer endorse or support David Saks in accordance with the standards of the Tennessee Real Estate Commission and the Federal Government's laws regarding commerce and the application, solicitation and transmission of internet-related concerns, commerce or social networking;
3.CANNOT authorize the use of copyrighted materials contained in linked Web sites;
4.IS NOT responsible for transmissions users receive from linked Web sites;
5. That DavidSaks.Com is biographical & real estate related. Some links within will leave this site.
6. http://activerain.com/profile/davidsaks is internet-compliant & abides by the rules & regulations of the Tennessee Real Estate Commission, Eve Maxwell, Executive Director.
7. Unless indicated otherwise, ActiveRain does offer listings, or IDX and is provided for licensed salespersons, brokers, buyers & sellers of real property as a community & professional service.
8. David Saks is a retired / licensed real estate broker in the State of Tennessee, license #290452, and an independent contractor.
9. Information is believed to be accurate, but not guaranteed, at any realty link or document connected to the World Wide Web & viewable by anyone connected to the internet who has a web browser.
10. Brokers, buyers, sellers, agents & anyone should independently verify any information prior to submitting any offer to purchase goods & services from any link.
11. Please Visit The American Real Estate Alliance or Memphis.8k.Com for additional information regarding property issues for real estate professionals and consumers.

 

Photos © & Licensed by Nova Development

All Content Protected © 
Before you even think about
committing a real estate crime
click this red button.
Real Estate Crimes

© All Rights Reserved.

 

 

 

 

"Information generated by the Department of Justice is in the public domain and may be reproduced, published or otherwise used without the Department’s permission. Citation to the Department of Justice as the source of the information is appreciated, as appropriate."

Department of Justice Legal Policies


 

  Real Estate Crimes

 

Click "HERE" For Today's Question

 

 

TheListen Now!

David Saks Show

Saturday Nite

9pm-12am Central

University of Memphis

WUMR

 

Support
America's Hobby

Click Elvis

Mr.Saks' participation in ActiveRain ended April 13, 2015.

His blog archives will remain online.

May God bless you.

Comment balloon 0 commentsDavid Saks • January 26 2015 01:21AM
Real Estate Practice : Lesson 3925
share
If you bought a house for the listing price less 20% and sold it for the listing price, what percent of profit would you make Take your time. The answer is posted below the wildlife photo. A. 25% Here's an example… more
Real Estate Practice : Lesson 3924
share
A piece of land 500 feet by 350 feet had a sidewalk laid around it by the owner. The sidewalk encompassed the entire lot and a curb was placed along the lot lines. The sidewalk cost $32, 000 and the curb was $20 per lineal yard. &… more
Real Estate Practice : Lesson 3923
share
A builder / developer has 5. 25 acres of land. He wants to divide the land into lots 60 feet wide by 100 feet deep. 36, 690 square feet of land is required for street construction With all of the above considered, how many… more
Real Estate Practice : Lesson 3922
share
Arnold got his tax bill today and it was $4903. 00. The tax rate is 42 mills per dollar. The property is assessed at 58. 25% of it's value. What is the actual value of Arnold's property Take your time. The solution is… more
Real Estate Practice : Lesson 3921
share
A landowner has 160 acres of land. He sold 42. 25 acres of the land to one man. He also sold one third of the remaining land to another buyer. How many acres were left A. 78. 5 Acres Let's first… more
Real Estate Practice : Lesson 3920
share
A seller has a tract of land which encompasses 108, 900 square feet of land. The selling price is $12, 500 an acre. How much is the seller asking for the tract of land Take your time. The solution is posted below the… more
Real Estate Practice : Lesson 3919
share
An investor bought a block of lots to build on with each lot containing a 75 foot frontage. The investor wants to sell the lots for $337, 500 and keep two lots for himself. What does the investor have to sell the lots per front… more
Real Estate Practice : Lesson 3918
share
A home sold for $750, 000 with a profit of 20% at closing. How much did the home cost originally Take your time. The solution is below the wildlife photo. A, $625, 000 In this problem you have to… more
Real Estate Practice : Lesson 3917
share
The mortgage company decided to lend the owner of a property an amount of money equal to 66. 6666% of the appraised value of the property along with an interest rate of 5% annual interest rate. The first years interest in $20, 000. … more
Real Estate Practice : Lesson 3916
share
How much interest would there be on an $87, 400 loan for two years, eight month and 15 days at the interest rate of 4. 5% annual interest rate using a bankers year Please take your time. The solution is below the wildlife photo. .. more