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I am working with a realtor whose commission is 5.5% of the selling price of my...

I am working with a realtor whose commission is 5.5% of the selling price of my house. Because of a "down" market, I know that I am not going to get top dollar for my house, but I do want to make sure that I get enough to pay off the existing mortgage of $210000. What does the selling price need to be so that I can pay the realtor and pay off the existing mortgage (I will have no money leftover)?

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Answer #1

Solution- Existing Mortgage = $ 210,000 5.5% Commission = to question, Now, according Let the sale price = se thin, x - 5.5 %Please give it a thumbs up if you like the answer. Comment if any problem in solution. :)

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