Show your seller what they will walk away with

A seller net sheet is an estimate of how much money a home seller will receive at closing after the mortgage payoff, commissions, closing costs, taxes and credits are paid. Agents use it at listing appointments and when reviewing offers.

Start with the sale price, then subtract mortgage and HELOC payoffs, listing and buyer agent commissions if the seller pays them, title and escrow fees, transfer taxes, seller credits to the buyer, property tax prorations, HOA fees, attorney fees, agreed repairs and any other costs. What is left is the estimated net.

It varies by state and contract, but sellers commonly pay commissions, part of the title and settlement fees, transfer or excise tax where it applies, prorated property taxes, HOA transfer fees and any credits or repairs agreed with the buyer.

It is only as accurate as the figures entered. Final numbers come from the settlement statement at closing, so treat it as a planning estimate and confirm payoffs and fees with the title or escrow company.