Seller net sheet
An estimate of what a seller will walk away with after the loan payoff, commissions, closing costs, and other fees. Agents and title companies prepare it before listing or accepting an offer.
Also called: net sheet, estimated net proceeds
Related terms
The money a seller actually receives at closing after paying off the mortgage, commissions, and closing costs. It is shown on the settlement statement.
Fees and charges paid at closing on top of the price, such as lender fees, title insurance, recording fees, taxes and prepaid items. Buyers often pay around 2% to 5% of the price; sellers pay their own set of costs.
What agents are paid when a deal closes, usually a percent of the sale price. It's always negotiable. It goes to the brokerage, which pays the agent their share.
Money the seller agrees to put toward the buyer's closing costs, prepaid items or rate buydown. Loan programs cap how much a seller can contribute.
A tax charged by a state, county or city when property changes hands. Rates, names and who pays vary widely by location, and some states have none.