Seller’s net sheets and buyer’s cost sheets are helpful tools that allow buyers and sellers to see and understand the costs of closing. Net sheets are customizable documents that calculate costs and create an itemized list of the fees associated with buying or selling a property, including but not limited to the real estate agent’s commission fee, escrow fees, taxes, first mortgage payments, etc.
Usually, net sheets are drawn up and calculated once the listing price for the property is set and an offer has been made, in which case the appropriate numbers are plugged in and the final net proceeds are estimated.
Net sheets serve as important informational tools for real estate agents and For Sale By Owner (FSBO) sellers alike, which is why many title companies offer net sheet calculators for agents and clients to take the guesswork out of potential closing costs.
With Title Junction’s net sheet calculator you can:
- Create up to 3 closing scenarios at different price points
- Create additional custom fee categories (such as HOA fees)
- Share in print, PDF, or hyperlink format with custom branding
- Access your saved net sheets from any device
Breaking down the costs of closing is important for complete transparency and trust in any closing situation, and is essential to keeping all parties well-informed and on track for a smooth closing.
At Title Junction we care about helping you stay informed throughout your real estate transaction. Have questions? Give us a call at 239.415.6574.
In case you missed it, check out our last Title Junction post: Do I Need Title Insurance On A Newly Built Home?