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What is the typical amount required for a first time buyer deposit?
The typical amount required for a first-time buyer deposit is around 5-20 of the home's purchase price.
What does the income effect indicates?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
What is the typical commission rate for a buyer's agent when purchasing a property that is for sale by owner?
The typical commission rate for a buyer's agent when purchasing a property that is for sale by owner is around 2-3 of the sale price.
Why an economy's income must equal to it's expenditure?
For an economy as a whole, income must equal expenditure because:u Every transaction has a buyer and a seller.u Every dollar of spending by some buyer is a dollar of income for some seller.
Why an economy's income must equal its expenditures?
Because every dollar of spending by a buyer is a dollar of income for a seller
What is income effect?
It indicates that a lower price increases the purchasing power of a buyer's money income, enabling the buyer to purchase more of the product than before.
What is the typical commission rate for a buyer's agent when purchasing a home listed for sale by owner?
The typical commission rate for a buyer's agent when purchasing a home listed for sale by owner is around 2.5-3 of the sale price.
What is the typical commission rate for a buyer's agent when purchasing a FSBO (For Sale By Owner) property?
The typical commission rate for a buyer's agent when purchasing a FSBO (For Sale By Owner) property is usually around 2-3 of the sale price.
Is it true for an economy as a whole. income equals expenditure because the income of the seller must be equal to the expenditure of the buyer?
Yes
How much is tax worth?
A tax paid for income taxes is a percentage of total income. Tax varies by how much income a person has. Tax is also paid on items sold in many states. The buyer pays a percentage on average of 7% on purchases. Gasoline, cigarettes, and liquor are taxed differently. Groceries are taxed in some states and not in others.
What is the average income for a computer buyer?
The buyer here is to be taken as per the need of him, using the computer. If, all he needs is a basic computer which would assist him in doing the MS-Office tasks, checking emails and listening to songs and watching movies, a basic computer with a min. config. is enough. For this, the avg. income of Rs.10000 per month is sufficient. Most of the retailers are providing the systems with an EMI option too.
What is the average age of a first time home buyer?
The average age of a first-time home buyer varies by country and market conditions, but in the United States, the average age is about 36 years old as of recent reports from the National Association of Realtors (NAR).
