A landowner has 160 acres of land. He sold 42.25 acres of the land to one man. He also sold one third of the remaining land to another buyer. How many acres were left ? A. 78.5 Acres Let's first subtract the 42.25 acres that were sold from the total number of acres owned by the seller and we
...
01/25/2015
A seller has a tract of land which encompasses 108,900 square feet of land. The selling price is $12,500 an acre. How much is the seller asking for the tract of land ? Take your time. The solution is posted below the wildlife photo ? A. $31,250 There are 43,560 square feet in an acre. Divide
...
01/25/2015
An investor bought a block of lots to build on with each lot containing a 75 foot frontage. The investor wants to sell the lots for $337,500 and keep two lots for himself. What does the investor have to sell the lots per front foot for to realize the sale amount he's seeking ? Take your time. Th
...
01/25/2015
A home sold for $750,000 with a profit of 20% at closing. How much did the home cost originally ? Take your time. The solution is below the wildlife photo. A, $625,000 In this problem you have to remember to add a whole number to the divisor which includes the converted percentage into decimal
...
01/25/2015
The mortgage company decided to lend the owner of a property an amount of money equal to 66.6666% of the appraised value of the property along with an interest rate of 5% annual interest rate. The first years interest in $20,000. A. What was the property appraised for ? B. How much was the loan
...
01/25/2015
How much interest would there be on an $87,400 loan for two years, eight month and 15 days at the interest rate of 4.5% annual interest rate using a bankers year ? Please take your time. The solution is below the wildlife photo. A. $10,651.88 Lets first find the interest on one year by multipl
...
01/25/2015
This is My Response to the Movie Interstellar Enjoy it With a Bagel and Smile This Fine Sunday Morn. -DS-
01/24/2015
Is the New Fannie Mae Appraisal Program Helping or Hurting? Every home must be sold TWICE! Once to the buyer, and once to the bank appraiser if a mortgage is involved.The second sale may have just become more difficult.A new program announced by Fannie Mae may slow down the home-sale closing pro
...
01/22/2015
Realty Firm to Pay $500,000 for Inadequate Disclosures The Alabama Consumer Financial Protection Bureau (CFPB) ordered RealtySouth, the largest real estate firm in Alabama, to pay $500,000 for inadequate disclosures that could leave consumers unaware of their rights to choose service providers d
...
01/22/2015
Zillow’s Acquisition of Trulia Delayed Again Continued requests for additional information from the Federal Trade Commission has once again delayed Zillow’s planned acquisition of Trulia. The FTC has been reviewing Zillow’s proposal to acquire its online real estate competitor Trulia at $2.9 bil
...
01/22/2015
