Business, 28.02.2020 19:55 thedragontale1020
Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in the exclusions section of the listing agreement that her prized iris plants would be removed prior to close and the iris bed repaired to eliminate the damage of plant removal.
public records indicates the home is 2,400 square feet, has 3 bedrooms, 2 bathrooms, a 90% finished basement and a two car garage. last year's taxes were $1,832 and have been paid.
an offer was made and accepted with a sales price of $190,000. the buyers submitted earnest money of $3,000 under liquidated damages. the inspection objections must be made by march 27. the survey must be completed by april 10. review of title must be completed by april 10.
the sellers indicated in the seller's property disclosure that the water heater had leaked. the water heater was replaced and all water damage repaired. the sellers further disclosed that the concrete basement floor had lifted due to expansive soils creating a crack in the concrete floor.
although closing was set for may 1st, a delay in the lender processing of the buyer's loan forced a change in close to may 10th. this change was accepted by both parties. the cost of the survey was $450. the closing fee charged by the closing company is $150 to be split by both parties.
what is debit entry on the settlement sheet for the seller's prorated share of property taxes. the buyer is responsible for the day of closing. use a 365 day year:
a. $342.90
b. $647.47
c. $782.18
d. $1,782.34
Answers: 2
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Susan seller gave her agent a 60 days listing to sell her home for $200,000. the seller specified in...
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