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Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Q	Which city in the U.S. has the longest formal name, but the shortest abbreviated name?
A	El Pueblo de Nuestra Senora la Reina de los Angeles de la Porciuncula is the full name for Los Angeles, known as "LA".
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Jennifer Rice, REALTORŽ, real estate agent and broker for Mandeville, Covington and Folsom Louisiana home listings, property and land for sale - NUMBER1EXPERT(tm)

Jennifer Rice
ERA Stirling Properties
1321 W. Causeway Approach
Mandeville, LA. 70471
Cell: 985-966-1321
Office: 985-626-5687
ERA Stirling Properties: 985-626-5687
Fax: 985-246-6467
Jennifer's Assistant: 985-966-1320
Email: jenniferrice@stirlingprop.com
Jennifer Rice is your NUMBER1EXPERT in New Orleans, Mandeville, Abita, Covington, Madisonville, and Folsom, Louisiana. She specializes in waterfront, equestrian and estate properties all over St.Tammany Parish. Call Jennifer to find or list the home of your dreams. Each ERAŽ Office is Independently Owned and Operated. Ž and SM are licensed trademarks of ERA Franchise Systems, Inc. Equal Housing Opportunity. Licensed in the State of Louisiana - USA

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