Real Estate Math
A NH seller nets $312,000 after paying a 5% commission and $8,500 in closing costs. What was the approximate sale price?
A$320,500✓ Correct
B$348,947
C$325,789
D$355,000
Explanation
Let S = sale price. Net = S − 5%S − $8,500 = $312,000.
Related New Hampshire Real Estate Math Questions
- An investor purchased a NH rental property for $200,000 and sold it five years later for $255,000. What was the total dollar appreciation and percentage gain?
- New Hampshire's real estate transfer tax is $0.75 per $100 of purchase price, paid by each party. For a $350,000 sale, what does each party (buyer and seller) pay?
- A Manchester, NH investor purchases a 4-unit apartment building for $520,000. Each unit rents for $1,100/month. What is the Gross Rent Multiplier (GRM)?
- A NH property had a listing price of $289,000. It sold for $275,500. What is the sale-to-list ratio?
- A property's assessed value is $180,000 and is assessed at 85% of market value. What is the estimated market value?
- A salesperson earns 60% of the total 5% commission on a $380,000 sale. How much does the salesperson earn?
- A property's NOI is $36,000 and the cap rate is 8%. What is the indicated value using the income approach?
- A NH apartment building has 12 units, each renting at $1,100/month. The expense ratio is 40%. At an 8.5% cap rate, what is the estimated value?
Practice More New Hampshire Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free New Hampshire Quiz →