Seller's Closing Costs

By
Real Estate Agent with Keller Williams

Hey everybody, I'm a new agent in Texas trying to transition into Real Estate full time as an agent.  I have my first potential seller and have a meeting tomorrow night and they forewarned me they don't like Real Estate agents.  I received an email from them asking for a breakdown of the Seller's Closing costs.  How do I get that information?  The house will be listed for 325,000.00. 

Thanks!

 

Comments (1)

Neal Barnes
Starstate Realty - Killeen, TX
Broker, REALTOR, ABR, CRS, GRI, SRES, SRS.

Hi David  - I am sure you have the answer to your question by now from someone.  You should check with your company management, a few mortgage lenders and even a few title company to see what the different fees are.  Take all the information you collect and pull up a TAR Form 1935 "Seller's Estimated Net Proceeds" form and fill it out.  When you are done give your seller a copy.  You might want to do several. One for each type of mortgage (because the fees are different) and maybe a few with different sell prices and date.  I hope this helps.  Anyway, Welcome to ActiveRain. I look forward to networking with you and reading your future post. Have a great day!!!

Jan 19, 2009 02:17 PM