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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 |
Lenders in 14 states--California, New York, Oregon, Utah, Vermont and Wisconsin and 9 others--have what in common?
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| A |
Lender in these states must pay interest on funds held in escrow accounts. |
 See More Real Estate Trivia > |
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The Rosemary Hofer Group
Hidden Creek Realty
RR2, Box 57A
Buckeye, WV 24924
Broker: Michael Briel
Phone: 304-799-2606
Fax: 304-799-2607
Email: rhofer@NUMBER1EXPERT.com
Rosemary Hofer is associated with Hidden Creek Realty. Prior to moving to West Virginia she lived in Virginia where she worked for a RE/MAX company. She was the #1 RE/MAX agent in Virginia and received the RE/MAX Hall of Fame award in 1999. Her clients range from first time buyers looking for $60,000 condominiums to well-established executives shopping for million dollar estates. Every client receives the attention to detail that is necessary for a smooth transaction. Rosemary's goal is to exceed all of her clients expectations to such an extent that they will make her their Real Estate Consultant For Life! Call or email her today!   
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