Seller just LOST $40,000 on this House in Nashville
The seller of this house in Nashville shows why you need to be very careful as a homebuyer entering 2024.
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They bought this house at the peak of the bubble last year for $415,000.
And now they're selling for $405,000. A $10,000 loss just on the price.
However, we also have to consider the amount paid for realtors and closing costs, which is usually around 7%, or close to $30,000 based on the price of this house.
So in reality this seller is likely losing closer to $40,000 when all is said and done.
Be careful out there when you're buying a house.
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DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Seller just LOST $40,000 on this House in Nashville канала Reventure Consulting
Access Data on Reventure App: REVENTURE APP: https://www.reventure.app
They bought this house at the peak of the bubble last year for $415,000.
And now they're selling for $405,000. A $10,000 loss just on the price.
However, we also have to consider the amount paid for realtors and closing costs, which is usually around 7%, or close to $30,000 based on the price of this house.
So in reality this seller is likely losing closer to $40,000 when all is said and done.
Be careful out there when you're buying a house.
---
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Seller just LOST $40,000 on this House in Nashville канала Reventure Consulting
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