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Updated about 14 years ago on . Most recent reply

Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Dearborn, Michigan
  • Member since Jan 9, 2009
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Account Closed's profile image
Account Closed's profile image
Account Closed
  • Real Estate Investor
  • from Dearborn, Michigan
  • Member since Jan 9, 2009
Connect
Account Closed
  • Real Estate Investor
  • Dearborn, MI
40
Votes |
56
Posts
Buying & Selling Real Estate

Concessions/Commissions

Account Closed
  • Real Estate Investor
  • Dearborn, MI
Posted

Received an offer on one of our properties and was wondering how concessions/ commissions worked. Do both concessions and commission come off the final price? Such has, you have an offer for 103K: 6% concessions and 5% commission. Are these numbers based solely on the 103K sales price, or do you subtract the commission off of the 103K (5180) then take off concession out of $97,820?

Sorry if it is a little confusing just trying to determine our bottom line based off this current offer. Thanks for all the help

~Greg

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