net proceeds from the sale of a house: LISTING AGENTS: NEVER forget the Safety NET !
- 05/26/17 03:55 AM
As a regular part of our listing presentation we include a NET sheet. When we take a listing we have our title company do a search and hold to determine what liens there are on the property. No matter how educated the Sellers, how experienced the listing agents...there are unpleasant surprises (as evidenced in the last 30 days) that could have been prevented with the use of a NET sheet at the very beginning. Without ALL the facts.....the balances owed on mortgage(s), liens that were apparently "invisible", the reality of closing costs....taxes due for the … (38 comments)
net proceeds from the sale of a house: Clear Title....It's Required at Closing
- 03/03/16 06:39 PM
One of the very important things for every Seller to understand is when the property has an offer and closes, the title must be clear. Clear means that any charges associated with the house are paid. If the sale price does not cover all the charges, the Seller(s) must have a plan in place to bring money to closing. The mortgage, the home equity loan, the taxes, the real estate commission, any taxes, title and/other fees, water and sewer bills ...all things house related must be paid in full for the property to pass with "clear title" from Seller to Buyer. … (30 comments)
As a regular part of our listing presentation we include a NET sheet. When we take a listing we have our title company do a search and hold to determine what liens there are on the property.
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