Value/Finance/Seller/Buyer's Costs
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
|
|
||||
|---|---|---|---|---|---|
| show | The tax will be calculation as .10 per $100 of the property's sale price, less any loan assumed in the sales transaction.
🗑
|
||||
| show | The cost/summation method
🗑
|
||||
| In estimating market value for a residential property, an appraiser finds a comparable home that recently sold in a transaction where the financing included a purchase money mortgage. What might affect the adjustment process? | show 🗑
|
||||
| show | Both the loan assumption and the purchase money mortgage would be a credit to the buyer
🗑
|
||||
| Financing a home in Georgia using a graduated payment would typically result in: | show 🗑
|
||||
| An apartment building has a semi-annual net income (NOI) of $48,000 and has been appraised for $850,000. What is the Cap rate for this property? | show 🗑
|
||||
| show | $1.50 per $500 on qualifying new amounts
🗑
|
||||
| show | 160 days; $219.18
🗑
|
||||
| VA loans in Georgia are typically made by whom? | show 🗑
|
||||
| Fifteen years ago, a homeowner received a conventional 30- year fixed rate loan to buy her current home. Now she wants to pay off her loan early. What would be true about this situation in Georgia? | show 🗑
|
||||
| show | $90,500
🗑
|
||||
| show | $228
🗑
|
||||
| show | $170.96
🗑
|
||||
| After obtaining an executed sales contract, a listing broker gives the seller and estimate of the seller's closing costs. The broker explained he was not able to predict exact closing cost. But he stated that one cost would NOT change is the: | show 🗑
|
||||
| show | The purchaser would be debited
🗑
|
||||
| show | $385.65
🗑
|
||||
| If there is a closing on August 22 and the the property taxes of $3,840 have already been paid for the calendar year of January 1 thru December 31, how much of the prorated taxes will the buyer owe the seller at closing? Use a calendar year and exact days | show 🗑
|
||||
| show | a debit
🗑
|
||||
| What is the amount of transfer tax to be paid if the sales price is $92,560 and the new loan is $70,350? | show 🗑
|
||||
| show | $499.50
🗑
|
||||
| For a Georgia lender, private mortgage insurance (PMI) would typically be assessed for: | show 🗑
|
||||
| Closing is June 17. The lender uses a 360-day year for interest adjustments and payments are due on the first day of each month. The loan amount is $60,000 and the interest rate is 12%. How much interest will the buyer owe at closing? | show 🗑
|
||||
| show | $511.88
🗑
|
Review the information in the table. When you are ready to quiz yourself you can hide individual columns or the entire table. Then you can click on the empty cells to reveal the answer. Try to recall what will be displayed before clicking the empty cell.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
To hide a column, click on the column name.
To hide the entire table, click on the "Hide All" button.
You may also shuffle the rows of the table by clicking on the "Shuffle" button.
Or sort by any of the columns using the down arrow next to any column heading.
If you know all the data on any row, you can temporarily remove it by tapping the trash can to the right of the row.
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Created by:
debifuller8