Sunday, April 5, 2009

How to use a net sheet

A seller net sheet is a spreadsheet you can use to estimate your closing proceeds after you enter variables such as your sales price, mortgage payoff, sales commission, pending real estate taxes, and closing costs. You can also use the net sheet to evaluate your marketing options, including different sales commission scenarios.

A net sheet can also be very useful to the buyer who wants to better understand a seller's financial position. It's easy to research a seller's mortgage and pending real estate taxes. You can plug these variables into the spreadsheet (along with others) to estimate a seller's closing proceeds prior to making your offer.

We'll be happy to email you your own spreadsheet. Feel free to contact us and we'll email one to you.

Have a good day,

Dan Miller, Keller Williams Realty and DaneCountyMarket.com

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