NET

Seller Net Sheet

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How to use the Seller Net Sheet

1
Enter the sale price
The contract price, not the list price.
2
Set the commissions
Your agent's commission, plus the buyer's agent only if you agree to pay it.
3
Add closing costs and credits
Title, transfer taxes and any credits you give the buyer.
4
Subtract the loan payoff
Ask your lender for a payoff figure good through the closing date.

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Worked example

A flipper sells for $380,000, paying 2.5% to each agent, 1.5% in closing costs, a $5,000 repair credit and $1,000 in other costs. The loan payoff is $259,000.

Selling costs total about $30,700, or 8.1% of the price. After paying off the loan, the flipper nets about $90,300.

The formula

Selling costs = Price × (Commissions % + Closing %) + Concessions + Other
Net proceeds  = Price − Selling costs − Loan payoff

Common mistakes

Forgetting accrued interest. The payoff includes interest through the closing date.
Assuming commission rates. Commissions are negotiable, including whether you pay the buyer's agent.

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