A seller’s net sheet is a spreadsheet that itemizes all the fees and expenses in your transaction, to give you a pretty accurate estimate of what you’ll net in the sale. A seller’s net sheet will breakdown all of the costs of selling your home and where the costs go.
Do You Need a Seller’s Net Sheet?
Your Realtor will prepare this for you to ensure you have a good understanding of the costs. Think of a seller’s net sheet as a financial road map to your real estate transaction. You’re going to have lots of different things that will need to be paid to sell your home and this is a very helpful tool to map it all out for you.
Experts say that a seller’s net sheet is especially important if the amount you still owe on your home is close to the sale price. A seller’s net sheet can show you exactly how much close your funds will be when selling with the required costs.
The bottom line is this: unless you’re an extremely experienced home seller, the closing process, and its associated costs, can be puzzling and the Sellers Net Sheet is very helpful. A seller’s net sheet helps you stay on top of the process so there are no surprises.
Who Creates the Seller’s Net Sheet?
Typically, the seller’s net sheet is prepared by the seller’s real estate agent.
When Will You Receive the Seller’s Net Sheet?
There are multiple points in the selling process where a seller’s net sheet can provide valuable insight.
The first opportunity is when the seller sets a list price. The seller’s net sheet can set realistic expectations by showing exactly how much they can expect to receive from the sale of their home.