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Projected Net Equity question...

Posted by 2nd Fred on April 07, 2003 at 10:39 AM

Hi Ward,

What I should be looking out for when figuring a bid price on a piece of property? I know the FMV is probably the most important number, but what is the "contribution to buyer's cost" number? Should I figure in a 6% selling commission here in CA? What's the average for the transactional expenses?

Finally, what's the best way to figure a maximum bid?

As you can probably tell, I'm just starting out.

Thanks,
Fred


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