You can use this form to figure out your projected net proceeds from the sale of your house. The "net" is the amount of money you can expect at closing after all expenses have been paid including attroney fee, cost of sale, any repairs, and closing costs.
Sellers Net Worksheet
By filling in the blanks below you will arrive at your projected net. Under each category there are costs associated with the sale; add up the column and enter the total in the corresponding total blank which will be lettered with the same letter as the heading. Each total blank will have a letter assigned to help you when you are doing your addition and subtraction. Remember this is an estimate to guide you and does not represent the actual net you will receive.
(A) SALE PRICE
Enter your Sale price here $______________________________ (A)
(B) COSTS ASSOCIATED WITH MORTGAGE
Your mortgage holder can tell you what fees are associated with your loan(s). Make sure you include all loans against the property. They can give you a pay off figure for the loan with is approximate and good through a certain date.
Amount due to mortgage company to pay off your Loan(1st Deed of Trust) $_____________________
Amount due to Lender for equity line of credit $_____________________
_
Amount due to Lender for 2nd mortgage $_____________________
Prepayment Penalty on mortgage(s) $_____________________
Unpaid property Taxes (Escrow account +/-) $_____________________
Any additional established Costs $_____________________
$_______________________________(B)
(C) ESTIMATED CLOSING COSTS
These are costs that you can expect to pay at closing.
Buyer's mortgage fees (Discount points, Origination fee) $_____________________
Attorney's Fees $_____________________
Title Insurance Premium $_____________________
Survey Fee $_____________________
Homeowner's Association fee (Prorata) $_____________________
Buyer's Home Warranty $_____________________
Transfer Taxes $_____________________
Recording Fees $_____________________
Other Closing Fees $_____________________
$_______________________________(C)
(D) COST OF SALE
These are the costs associated with the actual process of the sale. At this point many will be from the budget you made. This step can be left out the first time you calculate your net and then you can budget what you can spend and then do the calculation again. Some of the figures will be unknown at this stage because you may not know if there will be any repairs called for in the whole house inspection or if there are any pests or pest damage.
Repairs of house for sale $____________________
Advertising $____________________
Cost of sinage $____________________
Printing costs $____________________
Mailing costs $____________________
Attorney fees other than closing $____________________
Purchase of contracts and other legal forms $____________________
If house vacant cost of caretaker $____________________
Other fees $____________________
$_______________________________(D)
(F) ESTIMATED NET
Add together ( B + C + D ) = E
SUBTRACT E FROM A
$_______________(A) - $_______________(E) = $_____________________________(F)
YOUR ESTIMATED NET FROM SALE
 |