Embedded Files
💡 TIPS:
Fill out new form for every purchase agreement received on listing. (ALL multiple offers for property)
Needs to be signed at same time as purchase agreement by sellers.
Net Sheet (Make a copy and this will be editable for you to use)
Line 1: Purchase Price
Line 2: Present Mortgage payoff
Line 3: Any 2nd mortgages/liens on the property that needs to be paid off at closing
Line 4: Seller needs to contact mortgage to ask about pre-payment penalty
Line 5: Any special assessments that will be paid off at closing. Ex. road assessment, HOA assessment
Line 6: Any special assessments being escrowed for by the title company
Line 7: Auto populates based on purchase price
Line 8: Recording fees through title company
Line 9: Any real estate taxes due at closing
Line 10: Refer to Purchase Agreement under Seller Contributions to Buyer's Cost (Lines 158-161 on standard PA)
Line 11: Reference the Purchase Agreement under Lender Processing Fees. ( line 141 of standard PA)
Line 12: Title closing fees
Line 13: Title insurance premium - check with title company for cost
Line 14: Broker Admin Fee that agent is charging the client (this may be different every transaction depending on what you want to charge)
Line 15: Buyer agent fee (See Exclusive Right to Sell Listing Contract Line 149)
Line 16: Seller's agent fee ( See Exclusive Right to Sell Listing Contract Line 119 or 120)
Line 17: Misc. expenses & fees
Line 18: Auto populate for Seller's expenses
Line 19: Auto populates estimated equity for seller
Line 20: Subtracting any amount for contract for deed instead of cash at closing for seller (contract for deed transaction only)
Line 21: Auto populates - estimated proceeds to seller at closing
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