Net Proceeds
To calculate your net proceeds, subtract the
expenses of sale from the purchase price. Some typical expenses are:
- Payoff amount on first, second and third mortgages or
homeowner’s line of credit (as applicable) and any other liens
- Broker’s commission, attorney fees, escrow agent, mortgage
broker’s commission, etc.
- Florida State Documentary Stamp taxes on the deed
- Unpaid property taxes and utility bills
- Any closing costs or prepays you have agreed to pay for the
buyer as stipulated in the Purchase Agreement such as points,
survey, termite inspection, buyers closing costs, repairs, etc.
If your mortgage lender maintains an escrow account
for property taxes and homeowner's insurance premiums that will be
refunded to you approximately one month after closing.
You will be provided with a Seller's Estimated Net
Proceeds at the time of your listing consultation with me.
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