A seller’s net sheet is document used by title companies, Realtors, and other real estate professionals to give a home seller an accurate estimate of their net proceeds (the amount of money
What is a Seller’s Net Sheet?
A seller’s net sheet is document used by title companies, Realtors, and other real estate professionals to give a home seller an accurate estimate of their net proceeds (the amount of money they’ll make after expenses like closing costs) from the sale of their home. A seller’s net sheet factors in fixed and variable expenses like brokerage fees, escrow fee, lawyer fees, real estate taxes, owner’s title policy, existing mortgages on the property, agreed upon repairs, or many other possible expenses. It’s important to note that these expenses can vary widely from state to state.
Mark Van Dyke, a Real Estate Professional from Platinum Living Realty in Scottsdale, Arizona goes onto say... “Right from the beginning when I sit down with clients to discuss their home sale and marketing strategy is typically when I like to prepare my seller net sheet based on my suggested list price. Typically this approach helps them to understand and decide whether now is the right time to sell. In addition, I will also prepare a net sheet to show them the lowest price they could possibly go on a sales price and still achieve their aforementioned sales goal.
I utilize Chicago Title’s (Chicago AgentOne App) on my iPhone to assemble either a buyer or seller net sheet which I find super easy to use. Remember, when you create a net sheet, use “general” numbers, as most fees vary depending on the transaction. Also, I absolutely make sure to disclose, disclose, disclose with my clients that this is not an exact net result, but rather just a ballpark figure of what to expect from a net sheet. Learn more about Mark Van Dyke's professional real estate services at http://www.VanDykeRealEstate.com”
As seen on HGTV Desert Homes, Mark Van Dyke, is a real estate agent with The Van Dyke Group at Platinum Living Realty located in Scottsdale, AZ. Call on Mark Van Dyke when you need local professional ....
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To help answer this important question, your buyer’s representative will prepare a detailed Comparative Market Analysis (CMA) that examines recently-sold properties, active listings, pending