From: "Jerry L" 
Newsgroups: misc.consumers.house
Subject: Re: selling house less then a year after buying
Date: Tue, 10 Feb 2004 14:21:20 -0500

Where in Florida are you? I'm in Boynton Beach and the real estate is wild
down here. What sold for 150K last year is now well over 200K
"MichaelJ"  wrote in message
news:ed3a958d.0402100800.3d012d41@posting.google.com...
> Well I am lucky enough to know someone in the real estate field that
> will put the house on the market for only 5%, and in Fla all closing
> costs are paid by the buyer unless the seller agrees to pay a
> percentage.
> I obviously dont expect to get back my closing costs I paid out when I
> bought the home, but I was hoping to get back at least my downpayment
> and maybe a little more. I would be satisifed with that.
>
> Anyone in Fla have any thoughts on this maybe?
>
> Thanks.
>
> "Jeff Smith"  wrote in message
news:...
> > The part that will eat you up is realtor commissions. I don't know how
it
> > works in FL but in NV it is 6% average realtor commissions plus
generally 1%
> > seller pays towards closing costs, making total costs around 7%. 7% of
190k
> > is 13k, so you may be able to get most of your original down payment
out. I
> > recommend moving quickly though because if you end up in forclosure
you'll
> > probably get nothing as penalties and fees add up fast so you might as
well
> > get out 10k+ if you can.
> >
> > -Jeff