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Real Estate Tips
Closing or Settlement >Net Sheet for Sellers

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.

Your real estate agent will prepare a seller's "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.

A seller's 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.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Real Estate Trivia
Q 
What is the world's most capacious building?

A 
The Boeing Company's main aircraft assembly plant in Everett, Washington, has been expanded to a capacity of 13.4 million cubic meters, or 473 million cubic feet.
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Mark Holodnak, REALTORŪ, real estate agent and broker for Phoenix, Ahwatukee, Chandler and Tempe, Arizona home listings, property and land for sale

Mark Holodnak
Homesmart

3131 E Camelback Rd. Ste 125
Phoenix, AZ 85016
Cell: 480.747.2709
Office: 602.218.5338
Fax: 480.907.2344
Mark@MarkSellsAz.com

I have helped many buyers purchase the best home at the best price and helped sellers get the best price for their home in this market. Ask me how I can help you.

REALTOR Equal Housing ABR ePro SFR


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