A net sheet will help calculate how much you’ll make from your home sale.
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So you put your home on the market, got an offer, and now you’re working your way through the contract process and making mental calculations. How much will you net from your home sale? Today I’ll give you an idea by showing you a net sheet. This is something my team and I prepare for all of our seller clients, and I’ll go over each section and its variations.
Cited below for your convenience are timestamps that will direct you to various points in the video. Feel free to watch it in its entirety, or use these timestamps to browse specific points at your leisure:
0:30—The gross proceeds section
1:18—The closing costs section, starting with commission to the brokerage
2:10—Attorney fees
3:17—Record discharge
3:40—Tax Stamp
4:13—Fire certificate
4:52—Estimated net proceeds
6:02—Wrapping things up
If you have questions about this or any real estate topic, don’t hesitate to reach out to me. I’d love to hear from you.