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FAQ ~ How Much Will I Make From Selling My House? Seller's Net Sheet
One of the most important things sellers want to know is “How Much Money Will I Make From the Sale of My House?”.
We’ve been very fortunate with our sellers, none have been upside down in their homes…meaning none of them owed more than the house was valued at. Right after we determine market value on a listing and determine with the sellers what an acceptable listing price is, we prepare a SELLER’S NET SHEET for our clients. This document helps the seller see at a glance all of the loans, liens and associated expenses deducted from the purchase price of the house. A second benefit of a SELLER’S NET SHEET comes if we should have to enter a DUAL AGENCY role with our clients. The SELLER’S NET SHEET is prepared with a minimum of three potential offer amounts and armed with that information, the Seller is much better able to decide on their own what an acceptable offer might be.
The first set of expenses we deduct from the purchase price would be the encumbrances, such as first and second mortgage balances, interest on those balances and any other outstanding liens.
There are also expenses associated with the sale of ... more

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