If you’ve recently listed your home on the market, you understand the pressure to sell your home as soon as possible but still get your money out of it. When selling a home, there are a lot of moving parts to consider if you want to do it right. It’s important to have a good idea of what you’re going to walk away from the sale with, but calculating that number can be complicated. Fortunately, we’re here to help.
At Liberty Title in Minnesota, we’re a title closing company with a strong track record of helping buyers and sellers through a smooth closing process. That’s why we’ve put together this guide to understanding your seller’s net sheet.
Seller’s Net Proceeds
A seller’s net sheet is used to calculate the seller’s net proceeds from the property or home they’ve sold. It’s helpful because it gives you a pretty near estimate to what you’ll walk away from the sale with. It will take into account everyone involved with the process and what you’ll end up having to pay out at closing.
In other words, it helps you figure the amount you’re going to make after all of your closing costs and other related expenses. A seller’s net sheet only provides an estimate and is not going to give you the exact amount. That information may change somewhat between the calculation and the completion of your actual closing on the property.
What’s on the Seller’s Net Sheet
It’s important to have a good idea of your seller’s net going into the sale. At Liberty Title, we offer an online seller’s net sheet tool for calculating your seller’s net proceeds. You’ll just need to plug in a few answers to questions and let the net sheet do the work for you. Of course, if you have any additional questions, our team of title closing pros can walk you through them.
Here’s what you can expect to find on the net sheet:
● Amount of sale
● Closing date
● Payoff loans
● Closing costs
● Listing commission
● Broker commission fees
● Homeowners association fees
● Government fees
● Property taxes
Minnesota Title Closing Company
Selling your home can seem complicated, but it doesn’t have to be. With the right title closing company behind you, the process can be smooth and simple. From the seller’s net sheet to your title commitment, we will keep you in the loop so you understand the entire process. Call our team at 763.494.0340, or contact us to learn more about your title closing.