Easily Insert Calculations to the Home Seller Form

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How to Insert Calculations to the Home Seller Form

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- Hey everyone, my name is Paul Vojchehoske and welcome to the Real Estate Classroom YouTube channel. In todays video, were gonna discuss a real estate math problem or a real estate math calculation that you have to know for your real estate exam. Its called seller proceeds from the sale and thats what Im gonna show you how to calculate in todays video, so lets get to it. (upbeat music) So in todays real estate math video, Im gonna show you how to calculate seller proceeds. It is a function that you have to know as a real estate professional when youre listing properties, but its also something you have to know for your real estate exam especially if youre taking the PSI exam. If youre taking the PSI exam, I guarantee you theres a high probability that youre gonna have a question or two on calculating seller proceeds. So first of all, what is a seller proceed? It is essentially just the money that the sellers gonna get from the sale of their home, hopefully. Its really

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Who is most likely to use a seller net sheet?

A sellers net sheet is a real estate document estimating a home sellers potential net proceeds. It deducts realtor commission and closing costs from a targeted sale price. Its often used by homeowners before and after listing a home for sale.

What is required for the sellers net calculation?

The sellers net sheet is calculated by taking the home sale price or an offer and then subtracting any encumbrances on the property (outstanding mortgage being the most common), closing costs and miscellaneous fees.

How do I fill out a seller net sheet?

Saad summarized the items on a sellers net sheet: We start with the sales price, subtract the mortgage balance, and then subtract the other costs associated with the sale, such as Realtor commissions, taxes, title fees, and other miscellaneous fees.

What expenses are deductible when selling a house IRS?

You can deduct any costs associated with selling the homeincluding legal fees, escrow fees, advertising costs, and real estate agent commissions, says Joshua Zimmelman, president of Westwood Tax and Consulting in Rockville Center, NY. This could also include home staging fees, ing to Thomas J.

How do you complete a sellers net sheet?

The sellers net sheet is calculated by taking the home sale price or an offer and then subtracting any encumbrances on the property (outstanding mortgage being the most common), closing costs and miscellaneous fees.

How do you calculate sellers net proceeds?

You calculate your net proceeds by subtracting the costs of selling your home and your remaining mortgage balance from the sale price. For example, if your sale price is $1,000,000, your remaining mortgage balance is $350,000, and the total closing costs are $60,000, then your net proceeds would be $590,000.

How do you calculate income from a home sale?

You calculate your net proceeds by subtracting the costs of selling your home and your remaining mortgage balance from the sale price. For example, if your sale price is $1,000,000, your remaining mortgage balance is $350,000, and the total closing costs are $60,000, then your net proceeds would be $590,000.

What does a sellers net sheet include section regarding?

A sellers net sheet includes sections regarding: The encumbrances of record, the expenses of a sale, and the net proceeds remaining after deducting all sales-related expenses, fees and charges.

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