Sellers

Seller net sheet

The number that actually matters when you sell is not the price, it is what is left after the payoff and the costs. Put your figures in and this works it out line by line. Nothing you type is saved, sent anywhere, or attached to your name.

The sale

Sale price$First mortgage payoff$Ask your lender for a payoff quote. It is more than the balance on your statement.Second mortgage or line of credit$

Brokerage fees

Listing fee%Whatever we agreed. Blank until you type it, because there is no standard rate.Buyer agent compensation%Negotiated separately and not automatic. Leave at zero if you are not offering any.

Closing costs

Closing attorney or title company$Owner's title policy$Deed preparation$Recording fees$Property tax proration$Your share of the year's taxes up to the closing date.HOA dues through closing$HOA transfer or document fee$Home warranty$Agreed repairs$Closing costs paid for the buyer$Anything else$

Add the Tennessee transfer tax to my sideThe state realty transfer tax is $0.37 per $100 of the purchase price. In Tennessee it is customarily the buyer’s cost, so it is off here. Switch it on only if the contract puts it on you.

What this is, and what it is not

An estimate for planning, worked out from the numbers you typed in. It is not a settlement statement and it is not a guarantee. The binding figures come from the closing attorney or title company on closing day and they will differ, usually in small ways.

Brokerage fees are negotiable and are not set by law, which is why nothing is filled in for you. Net proceeds are also not the same thing as taxable gain, so the tax side is a question for your CPA rather than for me.

Estimated net to you

Sale price: $0
Loan payoffs: $0
Costs of sale: $0