It is much like the checks you may have gotten when you worked, You got paid a gross amount that you never got, because some of the money where taken out before you got the check, which was the net amount. Some of money that was taking taken out was to pay for your Income tax, therefore withholding tax. I hope this helps.
Maria if you are selling your house, or having any troubles, please contract me. I am knowledgeable in Short Sales, and I can do a good CMA, Comparative Market Analysis. CMA, that I use, that will give you an in-depth analysis of your home or that which you will be buying. We can negotiate a better price for you in today's market or at least you are getting market value.
you may find these interesting too Maria:
Remember: â€œPictures without ALL the information are never the total picture and always the entire story ~! Pictures being shown, are attention gotcha, use to draw your interest. The rest, the information, will help you decide. Where that information comes from is IMPORTANT to you, and it may not all be on the listing information! Having an agent will get you the missing pieces. Then when you actually view the property; have it inspected where everything begins to fall into place having a pre-approval letter or proof of funds ready for the sellerâ€™s hands. Sellers and Banks expect this information, before reviewing yours or any offers. Do not lose out by not having this or a RealtorÂ® that is not the listing agent that serves the seller. Remember, the seller pays the commission!! You get to choose your RealtorÂ®! And I want to be that Realtorâ€
Hope I help some.
Until next time, my best.
Ronald ( Realtor Ron W) Wolchesky
"Success is when we work together to achieve your GOAL!"
License in Florida