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Net Sheet for Sellers


Posted 09/19/2008
When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

A sellers expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Normally your estate agent will prepare a sellers "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale. If you are selling your home for sale by owner you should create your own net sheet. You can create your own netsheets. Consider using an on-line resource such as netsheetnow.com http://www.netsheetnow.com/WebPages/Home.asp
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