|
|
| *Ostroff, Fair and Company>>>Renting & Real Estate |
Want to sell our triplex in San Diego, Ca.? |
My hubby & I would like to sell out triplex in San Diego Ca. It is worth about $720,000-$740,000 (had it appraised a year ago)& would like to sell for a minimum of $690,000. We currently owe $565,000 with no prepayment penalty (Just one mortgage, no 2nd) If my husband & I sell it for the minimum of $690,000 & each Agent walks away with 3%.......& after any other fees paid by us, what is the average amount that we will take home from the sale? Any info is helpful, serious answers only from experienced Agents please. Thank you! As the seller you will customary be responsible for the following. (All Figures are approx) $1000 - Half of the closing fee $1800 - Title insurance $100 - Termite Clearance $400 - Home protection plan - if app. $100 - Property Disclosure Report $759 - Property Transfer Tax $41,400 - 6% - Commision Plus tax prorations and rent prorations The city of San Diego also has the 9A compliance guidlines Just curious, where is it located, it in the looks for a multifamily? Source(s): SD, CA Escrow Officer, CA your appraisal from a year ago may not hold up today...as you are aware here in san diego...property values are plummeting daily while the loan continues to rise or stay the same..thus driving many many san diego residents into foreclosures....forclosures are up up up. I can give you my realtor's name....she is licensed and also teaches real estate classes, so she is very experienced in the business and the law pertaining to. feel free to contact me and let me know if you are interested...she is currently in the process of selling our san diego property for my dad. good luck 40+ years experience I am a licensed appraiser, up here in Los Angeles. Appraisals are good for about 30 days with a lender. Appraisals over 2-3 months need an update of value. In my opinion you need a complete new appraisal from a local guy in your area, They know the market there. As for 6% commissions, I don't believe in them, it is not 1950 any more. The agents fight very hard for this type of commision, but what do they do for it? I was in life insurance and investment sales for 30yrs and as far as I am concerned they better show up at 7 am each morning fix my breakfast and start waving flags on the street corner for that kind of money. You can't blame them as they are brainwashed that they do a lot of work for that money. So look into a sell it yourself type of agency and get a new appraisal. Don't be dissapointed if you have lost value from last year though. taxes range from 15-28 percent of profit depending on the length you have lived there. You could expect to clear around 50k. |
| Tags |
| Canada Taxes Australia Taxes Small Business Renting & Real Estate Personal Finance Investing |
Finance Categories--Copyright/IP Policy--Contact Webmaster |