no. the sale price is whatever the two parties agree on. The appraised value is just that, a value that someone appraised the value to be. (Although the lender does put more value on the appraised value than on any other.)
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12% of 36 = 4.32 home sales
The only "advantage" for the seller that I can tell--is if you lower the sales price, you would have less in capital gains. The buyer would have the "advantage" of possibly getting a lower rate if points are paid by the seller.
In 1955, the median price of a home in the United States was approximately $18,000. This figure reflects the post-World War II housing boom, where demand for homes surged as returning veterans sought to settle down. Adjusted for inflation, this price would be significantly lower than modern home prices, highlighting the changes in the housing market over the decades.
No federal sales tax is imposed on home sales at this time. If you sell your home and have a long term capital gain it would be possible that you would have some federal income tax to pay on the sale of your home or house or other business property.
SA Home Loans offers home financing for home buyers in South Africa. The sales contact center of the company can be reached by phone at 0860-246-810.