What numbers typically appear on the seller\u2019s net sheet?<\/h2>\n
What shows up on a seller\u2019s net sheet varies by state and provider, but not radically. While there is no standard net sheet, most will contain the same information even though the format may differ.<\/p>\n
Saad summarized the items on a seller\u2019s net sheet: \u201cWe start with the sales price, subtract the mortgage balance, and then subtract the other costs associated with the sale, such as Realtor\u00ae commissions, taxes, title fees, and other miscellaneous fees.\u201d<\/p>\n
We\u2019ve collected an example of a seller\u2019s net sheet by Diane Grove<\/a>, a top-selling agent in the Fort Worth, Texas<\/a> area. Below are the details based on an actual net sheet created for a home seller (slightly adjusted to simplify and reflect current costs).<\/p>\n On this sheet, most of the figures are based on selling a home with a conventional loan<\/a>. Be aware that the costs may differ based on the type of financing<\/a> originally used to purchase the home. For example, a home purchased with cash wouldn\u2019t have to subtract the mortgage payoff.<\/p>\nSales price<\/h3>\n
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Mortgage balance payoff<\/h3>\n
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Agent commission<\/h3>\n
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Seller\u2019s portion of closing costs (title fees, taxes, and escrow)<\/h3>\n
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Miscellaneous<\/h3>\n