Listing Services
Birk Wolfgramm
Real Estate Agent
801-971-4146
Comparative Market Analysis Breakdown
This chart evaluates six offers on a property listed at $780,000. It compares factors such as buyer down payment, buyer agent commission, seller-paid closing costs, and net proceeds for the seller. Below is an explanation of the key components of the analysis:
Key Metrics in the Chart
Listing Price & Offer Price – The property was listed at $780,000 , and all offers matched this price except for two that were $800,000.
Down Payment – Each buyer provided a $39,000 down payment (5% of the purchase price).
Buyer Agent Commission – Ranges from 0% to 3%, impacting seller-paid costs.
Closing Costs & Prepaids – Some buyers requested the seller to cover costs such as closing fees, prepaid expenses, or additional concessions.
Net to Seller – The total amount the seller receives after paying buyer agent commissions, concessions, and closing costs.
Listing Agent Commission: This is the fee paid to the agent representing the seller for marketing and selling the property. It's typically 3% of the home's sale price.
Buyer's Agent Commission: This fee compensates the agent representing the buyer, assisting them in finding and purchasing a home.
Seller Concessions: These are incentives offered by the seller to the buyer, such as covering part or all of the buyer's closing costs or other expenses, to facilitate the sale.
Accepting an Offer
The cost of selling a home depends on market conditions and the terms of the offer. In a buyer’s market, sellers may offer more concessions to attract buyers. In a seller’s market, buyers often cover more costs to remain competitive.
Below are four common ways sellers and buyers split expenses:
1. Seller Pays Only Listing Agent Fee
Seller covers: Listing agent commission
Buyer covers: Buyer's agent commission & closing costs
Financial Breakdown:
Listing Fee: $22,950.00
Total Seller Cost: $22,950.00
Estimated Equity: $185,000.00
Net to Seller: $162,050.00
2. Seller Pays Both Listing & Buyer's Agent Fees
Seller covers: Both agent commissions (typically 6% total)
Buyer covers: Closing costs.
Financial Breakdown:
Listing: Fee $22,950.00
Buyers Agent Fee: $22,950.00
Total Seller Cost: $45,900.00
Estimated Equity: $185,000.00
Net to Seller: $139,100.00
3. Seller Pays 3% Listing Fee & 2% Buyer's Agent Fee, Buyer Pays 1%, Reduced Seller Concessions
Seller covers: Listing agent, 2% of buyer’s agent commission, and reduced concessions
Buyer covers: 1% of buyer's agent fee.
Financial Breakdown:
Listing Fee: $22,950.00
Buyers Agent Fee: $15,300.00
Concessions: $13,596.32
Total Seller Cost: $51,846.32
Estimated Equity: $185,000.00
Net to Seller: $133,154.00
4. Seller Pays 3% Listing Agent Fee, 3% Buyer's Agent Fee, and 3% Seller Concessions:
Seller covers: Both agent commissions & closing cost concessions (totaling 9%)
Buyer covers: Nothing
Financial Breakdown:
Listing Fee: $22.950.00
Buyers Agent: $22.950.00
Concessions: $22,950.00
Total Seller Cost: $68,850.00
Estimated Equity: $185,000.00
Net to Seller: $116,150.00
Key Takeaway
The seller’s net profit decreases as they take on more costs. The right choice depends on market conditions and negotiation strategies.
Financing Listing Numbers
Numbers Provided by Ryan Hortin Loan Officer NMLS#312703 Patriot Home Loans NMLS#265343
Loan Details:
Purchase Price/Appraised Value: $765,000.00
Loan-to-Value (LTV): 95%
Base Loan Amount: $726,750.00
Final Loan Amount: $726,750.00
(no FHA UFMIP or VA Funding Fee)
Interest Rate: 6.50%
Loan Term: 30 years
APR (Annual Percentage Rate): 6.78%
Monthly Payment:
Principal & Interest: $4,593.55
Hazard Insurance: 85.00
Property Taxes: $361.52
Mortgage Insurance: $127.18
Homeowners Insurance (HOI): $0.00
Total Monthly Payment: $5,167.25
Down Payment:
Total Down Payment Required 5%: $38,250.00
Closing Costs:
Closing Costs: $2,526.00
Lender’s Title Insurance Fee: $1,711.00
Estimated Total Closing Costs: $4,237.00
Escrow & Prepaid Costs:
Prepaid Interest (Odd Days): $1,275.00
Annual Hazard Insurance Cost: $2,169.12
Property Taxes: $1,275.00
Total Prepaid & Escrow Amount: $2,169.12
Needed Cash-to-Close:
Down Payment: $38,250.00
Closing Costs: $4,237.00
Prepaid Costs: $5,412.42
Total Cash-to-Close: $47,899.42
This breakdown outlines the loan structure, required down payment, closing costs, monthly payment details, and cash needed at closing. The buyer will need $47,899.42 at closing, with a total monthly mortgage payment of approximately $5,167.25
Purchasing a New Home Numbers
Numbers Provided by Ryan Hortin Loan Officer NMLS#312703 Patriot Home Loans NMLS#265343
New Loan Details:
Purchase Price/Appraised Value: $480,000.00
Base Loan Amount: $420,000.00
Final Loan Amount: $420,000.00
Loan-to-Value (LTV): 87.5%
(no FHA UFMIP or VA Funding Fee)
Interest Rate: 6.00%
Loan Term: 30 years
APR (Annual Percentage Rate): 6.32%
Monthly Payment:
Principal & Interest: $2,518.11
Hazard Insurance: $75.00
Property Taxes: $225.00
Mortgage Insurance: $73.50
Homeowners Insurance (HOI): $0.00
Total Monthly Payment: $2,891.61
Needed Cash-to-Close:
Down Payment: $60,000.00
Closing Costs: $10,173.60
Prepaid Costs: $6,583.21
Total Cash-to-Close: $76,756.81
This breakdown outlines the loan structure, required down payment, closing costs, monthly payment details, and cash needed at closing. The buyer will need $76,756.81 at closing, with a total monthly mortgage payment of approximately $2,891.61
Schedule Your Listing Appointment
Sell Your Home with Confidence – Let’s Get Started!
Thinking about selling your home? A successful sale starts with the right strategy. Schedule a free, no-obligation listing appointment with us, and we’ll guide you through the process to maximize your home’s value and attract serious buyers.
Birk Wolfgramm
Real Estate Agent
801-971-4146
License # 7822487
Silverback Group Realty
151 E 6100 South Murray Utah 84107
14211734-CN00
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