Real Estate Math
A Delaware home is listed for $485,000. After negotiations, it sells for $467,000. What is the sale price as a percentage of list price?
A96.29%✓ Correct
B97.3%
C93.4%
D96.0%
Explanation
Sale-to-List Ratio = Sale Price ÷ List Price × 100 = $467,000 ÷ $485,000 × 100 ≈ 96.29%.
Related Delaware Real Estate Math Questions
- A Delaware property has land value of $95,000. The improvements have a replacement cost of $375,000, effective age of 10 years, and 40-year economic life. Using the cost approach, what is the estimated total property value?
- A Delaware property buyer pays $3.75 per $1,000 of borrowed amount for points. If they borrow $280,000, how much are the points?
- A lot is 0.75 acres. How many square feet is this?
- A Delaware property's assessed value is $195,000 and the annual property tax bill is $3,510. What is the effective tax rate as a percentage of assessed value?
- A Delaware property closes on September 15. Annual property taxes are $4,320. Using a 360-day year, how much does the seller owe in prorated taxes (January 1 to September 15)?
- A Delaware property's current market value is $410,000, with a 25-year-old building on 60-year economic life land valued at $90,000. What is the depreciated value of improvements using the age-life method?
- A Delaware buyer finances $380,000 at 7% for 30 years. Using a factor of $6.65 per $1,000 borrowed, what is the monthly principal and interest payment?
- A Delaware property is 180 feet wide and 220 feet deep. How many acres is the lot?
Practice More Delaware Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Delaware Quiz →