Real Estate Math
A Connecticut buyer makes an all-cash offer of $445,000 on a home listed at $469,000. What percentage below the list price is the offer?
A4.5%
B5.1%✓ Correct
C4.8%
D5.5%
Explanation
Difference = $469,000 - $445,000 = $24,000. Percentage below = $24,000 ÷ $469,000 = 0.
Related Connecticut Real Estate Math Questions
- A buyer puts 20% down on a $480,000 home. What is the mortgage amount?
- A rectangular lot in Connecticut measures 150 feet by 200 feet. What is the lot's area in acres? (1 acre = 43,560 sq ft)
- A Connecticut property's assessed value is 70% of its market value of $350,000. The mill rate is 30. What is the annual tax?
- A Connecticut property has a market value of $680,000. It is assessed at 70% for tax purposes. The mill rate is 30 mills. What is the monthly property tax?
- A Connecticut home is listed at $425,000. The seller accepts an offer of 96% of list price. What is the accepted offer price?
- A Connecticut home buyer is approved for a maximum monthly payment of $2,800 (PITI). Taxes are $425/month and insurance is $125/month. What is the maximum P&I payment available for the mortgage?
- A Connecticut home sells for $685,000 with a 5.25% commission. The listing and buyer's agents split 50/50. The buyer's agent earns what amount?
- A Connecticut buyer wants to offer 3.5% below the list price of $389,000. What is the offer amount?
Practice More Connecticut Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Connecticut Quiz →