As a Real Estate Agent, it’s important to have a system or a worksheet that you use to calculate your Seller’s proceeds or to predict the Seller’s Net Fees when taking a listing or evaluating a buyer’s offer. In essence, the Seller’s proceeds make all the difference in whether the transaction is realistic. The Net Fee Sheet or Seller’s Proceeds calculation will take into account the sales price, agent commissions, 1st mortgage and 2nd mortgage payoffs, property taxes, Homeowner’s Title Policy, escrow closing fees, Home Owner’s Association payoff, and any other fees necessary for the Seller to pay in order to sell the home. A basic Net Fee Sheet calculation done correctly at the time of the listing presentation with a prospective seller can save time and money of the Real Estate Agent. The calculation can be compared to the Seller’s bottomline to evaluate the likelihood of breaking even and what seller proceeds will be over and above. For example:
As shown above, $17,928.85 is the amount that the Seller will receive at the end of the transaction after all fees, commissions and payoffs are handled. A simple way to calculate your Seller Net Fees and determine your Seller’s Proceeds is to use the Seller Net Sheet Calculator (the image above is a screen shot of our calculator for the above example) on www.inwesttitle.com It’s simple and easy to input the necessary variables and get your answer for your Seller. Try it today!