Seller’s Net Sheet
To help you determine the net profit on the sale of your house, we’ve provided a list of expenses associated with the sale of real estate. Subtract these from the final sale price and it will give you your net profit for the sale of your house. If you have any questions regarding these numbers or categories, contact us and we will be happy to talk with you.
- 1st and 2nd mortgage and any real estate taxes you owe
- Broker's commission
- Tax stamps ($4.56 per $1000 of the sale price)
- Attorney's fees, including P&S review, deed preparation, handling of any mortgage discharges or liens
- Finally utility bills including charges for final water reading
- Smoke & carbon monoxide detector inspection fees
- For condominiums — condo fees and any special assessments, and 6d certificate
- Seller's closing costs, including recording fees, overnight mail charges, loan prepayment penalties
- Other secured liens, such as IRS & mechanics
- Prepaid rental income
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