Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need to sell for the seller to net this amount?
Unset starred question
$105,163.16
$105,263.16
$105,363.16
$105,463.16

To find the price at which the home needs to sell in order for the seller to net $100,000 after a 5% commission is paid, we need to solve the following:

Let the sale price of the home be $ P $. The seller will net 95% of this amount after the 5% commission is paid. Thus, we can set up the equation:

\[
0.95P = 100,000
\]

To solve for $ P $, divide both sides by 0.95:

\[
P = \frac{100,000}{0.95} = 105,263.16
\]

So, the home needs to sell for **$105,263.16**.

Would you like more details on how this calculation works, or do you have any other questions?

Here are 5 related questions to expand your understanding:
1. How would the sale price change with a different commission rate?
2. How do closing costs affect the net amount for the seller?
3. What happens if the seller wants to net a higher amount, such as $120,000?
4. How is the commission split between real estate agents?
5. What happens to the seller's net if the commission rate increases to 6%?

**Tip**: Always account for closing costs and other fees in real estate transactions when calculating the final net amount.

Your seller wants to net $100,000 after the 5% commission is paid. Assuming no closing costs, at what price does the home need to sell for the seller to net this amount?

Learn how to calculate the sale price of a home to net $100,000 after a 5% commission is deducted. The step-by-step solution uses basic algebra and percentage calculations, suitable for students in Grades 9-12 or anyone interested in real estate math.

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