Net To Seller Form PDF Details

In the complex world of real estate transactions, understanding each aspect of the process is crucial for both buyers and sellers to make informed decisions. One pivotal document that plays a significant role in this landscape is the Net To Seller form. This comprehensive form encompasses a wide array of financial estimations surrounding a property sale, including but not limited to, the sales price, loan details, down payment, first and second mortgages, along with a detailed breakdown of both the seller's and buyer's costs. It meticulously itemizes non-recurring closing costs, ranging from origination fees, appraisal fees, and insurance premiums to taxes, interim interest, and homeowner's association fees. Furthermore, it outlines the estimated monthly payments for the buyer, encompassing principal, interest, insurance, and taxes. The summary at the form's conclusion provides an estimated net to the seller and an estimated total cost for the buyer to close the transaction. This essential document ensures transparency and aids in setting realistic expectations for all parties involved by providing a good faith estimate of the approximate proceeds and costs associated with the sale of a property. However, users are cautioned that these figures are not exact and do not account for possible unknown liens or lender requirements. The form, endorsed for use by the real estate industry and protected under copyright, emphasizes the importance of adherence to ethical standards and underscores the value of accurate financial planning in real estate transactions.

QuestionAnswer
Form NameNet To Seller Form
Form Length4 pages
Fillable?No
Fillable fields0
Avg. time to fill out1 min
Other namessellers net sheet fillable, blank net to seller form, blank real estate listing sheet, seller net sheet template

Form Preview Example

ESTIMATED SELLERS/BUYERS CASH ANALYSIS

WORKSHEET

PROPERTY:

 

 

 

 

AGENT:

 

CLIENT/CUSTOMER:

 

 

 

 

 

 

DATE:

 

 

TYPE LOAN:

 

SALES PRICE:$

 

Down Payment

Loan Amount

First Mortgage

Second Mortgage

SELLER'S COST

BUYER'S COST

 

NON-REOCCURRING CLOSING COSTS

SELLER'S COST

BUYER'S COST

 

 

 

 

1.

Origination/Assumption Fee

 

 

 

 

 

 

2.

Appraisal Fee*

 

 

 

 

 

 

3.

Reinspection Fee

 

 

 

 

 

 

4.

Credit Report*

 

 

 

 

 

 

5.

Private Mortgage Insurance

 

 

 

 

 

6. FHA Insurance/VA Funding Fee**

 

 

 

 

 

 

7.

Attorney Fee

 

 

 

 

 

 

8.

Title Insurance

 

 

 

 

 

 

9.

Brokerage Fee

 

 

 

 

 

 

10.

CL-100 Report (Wood/Moisture Report)

 

 

 

 

 

 

11.

Deed Stamps

 

 

 

Deed Preparation

 

 

 

 

 

 

12.

Discount Points

 

 

 

 

 

 

13.

Escrow Balance Purchase

 

 

 

 

 

 

14.

Home Protection Plan

 

 

 

 

 

 

15.

Income Tax Withholding (Non-Residents)

 

 

 

 

 

 

16.

Overnight Express Mail/FAX Service

 

 

 

 

 

 

17.

Professional Home Inspection Fee

 

 

 

 

 

 

18.

Recording Fees (Deed, Mortgage, Plat, Power of

 

 

 

Attorney, Releases)

 

 

 

 

 

 

19.

Reservation Fee* (SCHA Funds)

 

 

 

 

 

 

20.

Repairs, If Required

 

 

 

 

 

 

21.

Septic Inspection

 

 

 

 

 

 

 

 

Form 508

PAGE 1 OF 3

 

 

 

 

22.

Survey

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

23.

Tax Service Fee

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

24.

Water Test

 

 

 

 

 

 

 

 

 

 

 

 

 

 

25.

Other Charges & Assessments

 

 

 

 

 

 

 

 

 

 

TOTAL NON-REOCCURRING CLOSING COSTS:

 

 

 

*Paid at Loan Application ** Can Be Financed With

 

 

 

Loan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

27.

Hazard Insurance Premium

 

 

 

 

 

 

 

 

 

 

28.

Interim Interest

 

days @

%

 

 

 

 

 

 

 

 

 

 

 

29.

Prorated Taxes & Insurance

 

 

 

 

 

 

 

 

30.

Personal Property Tax If Applicable

 

 

 

 

 

 

 

 

 

 

 

 

 

 

31.

TOTAL PREPAID ITEMS

 

 

 

 

 

 

 

 

 

PRORATED ASSESSMENTS:

 

 

SELLER'S COST

BUYER'S COST

 

 

 

 

 

 

 

 

 

 

 

 

32.

Homeowner's Association Fees

 

 

 

 

 

 

 

 

 

 

 

 

33.

Taxes

 

 

 

 

 

 

 

 

 

 

 

 

 

 

34.

Hazard Insurance

 

 

 

 

 

 

 

 

 

 

 

 

35.

Total Prorated Assessments

 

 

 

 

 

 

 

 

 

 

 

 

36.

SUBTOTAL COST

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BUYER'S ESTIMATED MONTHLY PAYMENTS:

Sales Price

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Loan Amount

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

% @ Yrs.

 

 

% @ Yrs.

 

 

% @ Yrs.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Principal & Interest

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Hazard Insurance (1/12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Insurance (1/12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Taxes (1/12)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

TOTAL ESTIMATED

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

PAYMENT

$

 

 

 

$

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The above figures are a good faith estimate of approximate proceeds/costs and should not be considered as exact amounts for settlement. The above amounts do not include unknown liens, assessments, or special requirements of the lender and/or closing attorney.

Form 508

PAGE 2 OF 3

SUMMARY ESTIMATED NET TO SELLER

 

 

Sales Price

$

 

Less Closing Costs (Line 26)

$

 

Less Mortgage Balance

$

 

Less Prorated Assessments (Line 36)

$

 

Approximate Net at Closing to Seller

$

 

ESTIMATED BUYER'S COST TO CLOSE

 

 

Purchase Price

$

 

Plus Total Closing Costs (Line 26)

$

 

Plus Total Prepaid Items (Line 31)

$

 

Less Credits Prorated & Assessments (Line 36)

$

 

Less Earnest Money

$

 

Less Mortgage Amount

$

 

Approximate Total Needed to Close

$

 

Copy Received:

 

 

 

Buyer Date

Agent for Buyer

Buyer Date

Seller Date

Agent for Seller

Seller Date

The foregoing form is available for use by the entire real estate industry. The use of the form is not intended to identify the user as a REALTOR®. REALTOR® is the registered collective membership mark which may be used only by real estate licensees who are members of the NATIONAL ASSOCIATION OF REALTORS® and who subscribe to its Code of Ethics. Expressly prohibited is the duplication or reproduction of such form or the use of the name "South Carolina Association of REALTORS®" in connection with any written form without the prior written consent of the South Carolina Association of REALTORS®. The foregoing form may not be edited, revised, or changed without the prior written consent of the South Carolina Association of REALTORS®.

© 2002 South Carolina Association of REALTORS®. 01/02

Form 508 PAGE 3 OF 3

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