This step is very important since it will tell you how much money you will put in your pocket when the sale is closed.  To compute this step you must determine how much you will sell the house for.  No how much your sales price will be.  In other words, you need to calculate your bottom line.  Once you know what your bottom line price is then you can calculate how much you will put in your pocket.

Presuming you have priced your house fairly then you simple follow the steps on the attached Seller's Net Sheet. 

You must do a little more homework before you can do this step.  You need to call a title company and ask them what your closing cost would be if you sold your home for the price you have decided to set.  They will tell you what costs you pay for your closing costs.

Before you call to get those figures, CLICK HERE to go to a Seller's Net Sheet and print it out.  You can write in the figures that the title company gives you.

DON'T FORGET TO GET THE CLOSING COSTS FOR ALL THREE
COLUMNS ON THE WORKSHEET.  EACH LOAN TYPE HAS
DIFFERENT CLOSING COSTS.


YOU MAY EVEN HAVE TO PAY SOME OF THE BUYERS CLOSING COSTS.

What's that, you're not going to pay any of the buyers closing costs.

Well if you aren't going to pay any of the buyers closing costs, you are not going to sell your home yourself.  FOR SURE…DON'T GO ANY FURTHER, YOU WILL NOT SELL YOUR HOME YOURSELF.

Why do I say that, because the best buyer you can get is a VA (Veteran) buyer.  They don't have to put any money down to buy your home and there are certain fees that the Federal Government says that the seller will pay for the Veteran.  Trust me, you don't want to turn away VA buyers just because you have to pay a few fees.  They comprise a large percentage of the buyers in our market.

OK, now it says at the top of this page to calculate your bottom line.  You now know what fees you have to pay no matter what kind of loan the buyer gets.  Now, on the line where it says listing price, put what price you are going to advertise the home at.  On the line that says Offered Price, put the price you are willing to sell the home for.  YOUR SELLING PRICE.  Now subtract all those fees that you got from the title company from your selling price, not your asking price.  Also subtract the other items listed on the worksheet if they apply.

YOU NOW KNOW WHAT YOUR BOTTOM LINE IS.  This is how much money you will put into your pocket after you pay off everything.

OK, now that you know what your bottom line will be, you are ready for the next step.  CLICK HERE