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Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Q	What island in the St. Lawrence River was given away on a television game show in 1964?
A	Price is Right Island was given away by Bill Cullen on "The Price is Right."
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The Sheree Chang Team, REALTOR®, real estate agents and broker for Houston, Sugar Land and Missouri City, Texas home listings, property and land for sale - NUMBER1EXPERT(tm)

The Sheree Chang Team
RE/MAX S.W. Houston, Tx.
14905 SW Freeway
Sugar Land, TX. 77478
Phone: 281-207-6888
Fax: 281-242-6754
Toll Free: 1-888-289-7679 ext. 5227
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