Answer:
The property's value now is $157,392.00 and $174,880.00 later as calculated below in explanation section.
The price of $157,392.00 is much more justified than later cost of $174,880.00 which implies savings of $17,488.00.
Step-by-step explanation:
Purchase price now $144,000.00 Purchase price later $160,000
Property tax @1.8% $2,592.00 Property tax @1.8% 2880.00
Insurance $1,030.00 Insurance 1500.00
Realtors fees 6% $8,640.00 Realtors fees 6% 9600.00
Other costs(1.5%-insurance)$1,130.00 Other costs(1.5%-insurance) 900.00
Total costs $157,392.00 Total costs $174,880.00
