Posted by JohnBoy on November 27, 2000 at 17:07:09:
They need to NET $68,900 at close? Or do they need $68,900 at close to cover any liens to be paid off, any realtor commissions and any prorated taxes and closing costs?
When they say NET at close it means to me that they want $68,900 in their pocket after ALL other costs are paid including any mortgage balances owed, liens, taxes, commissions, closing costs.
I’m assuming what they mean here is they need $68,900 at the closing table to cover all expenses and possibly allow them to walk away with something out of it?
What do the comps in the area support?