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#69767 - 03/27/06 06:37 PM sellers net
puzzledox Offline
Junior Member

Registered: 03/27/06
Posts: 7
Loc: SC
Hello,

What do I have to put into a sellers net sheet ?
Is there a list where I can find the approximate amounts a seller has to pay for:
- Deed recording fee
- Dee preparation
- Wood infestation report /termite letter
- Transfer tax
- ? what else
-- in SC ?

Thank you for helping me !
Puzzled

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#69768 - 04/05/06 02:50 PM Re: sellers net
Tanya Offline
Moderator

Registered: 04/03/06
Posts: 304
Loc: Jacksonville, FL
Ask your broker what is customary. Your broker should be able to give you estimates of each too.
_________________________
Tanya Watson/Owner
Sellstate Performance Realty, Jacksonville, FL

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#69769 - 04/06/06 07:40 PM Re: sellers net
Allen Team Offline
Member

Registered: 04/05/06
Posts: 295
Loc: Roseville
I would ask the title company. If you have never used a title company, you may want to get aquanted with one because you will need to use one eventually. At least here in California we use them on every transaction. I even use them from time to time to prepare Sellers Net Sheets. Or, you may want to talk with one of the seasoned agents in your office. They should have a standard Sellers Net Sheet form which the use for every transaction. Have them give you a copy of one they used in the past and have them explain how they came up with the amounts. Some amounts are pretty standard, and some amounts are based on percentages.

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#69770 - 04/07/06 04:24 PM Re: sellers net
ky realtor Offline
Major Contributor

Registered: 04/21/05
Posts: 1879
Loc: kentucky
some others:
commission
mortgage payoff
other liens
per diem interest
prepayment penalty
title insurance
closing cost paid for buyer
prorated taxes
HOA dues
release of lien fee
any repairs required
_________________________
Comments made are my opinion, and not intended to be legal advice of any kind.

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#69771 - 05/14/06 09:18 AM Re: sellers net
Land Lady Offline
Junior Member

Registered: 05/03/06
Posts: 7
Loc: Florida
There is a website you can join for free that will generate Buyer & Sellers Net Sheets - includes all of the normal charges and can change suggested $$ amounts shown.

See www.netsheetnow.com

Good Luck!

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#69772 - 05/15/06 04:38 PM Re: sellers net
pgtips Offline
Member

Registered: 04/03/06
Posts: 12
Loc: San Antonio, TX
I have a program I got from a Title company, it's on my desktop and on my pda, it computes seller and buyers estimated closing costs and a lot more, and I can print it out and give it to my clients. I used to get my net sheets from the Title companies, and I'm sure they or your Broker will happily tell you the normal charges to fill in.
_________________________
People who don't Think probably don't have Brains; rather, they have grey fluff that's blown into their heads by mistake.” Winnie the Pooh

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