Build a seller net sheet using the expected price, mortgage payoff, negotiated compensation, title-related costs, credits, prorations, and repairs. The closing company’s figures control the final amount; a website estimate is a planning tool.
Start with the mortgage payoff
The balance on a mortgage statement may not equal the payoff for a particular closing date. Ask the lender or closing company for a current payoff and disclose other recorded loans or liens.
- Identify first and second mortgages.
- Ask about daily interest and payoff expiration.
- Confirm who will obtain and verify payoff instructions.
Add the terms you actually negotiated
Compensation and seller contributions should come from your signed agreements. There is no fee percentage you must assume for every transaction. Repairs and buyer credits can materially change the result.
- Enter agreed compensation as a dollar amount.
- Include buyer closing-cost credits and any repair allowance.
- Ask about title, settlement, recording, and applicable transfer costs.
Reconcile the estimate before signing
Review taxes, association charges if applicable, and every credit on the closing statement. A tax refund from an old escrow account may arrive separately and should not be counted twice.
- Compare the statement with your contract and amendments.
- Ask about any unexpected charge before signing.
- Verify payment instructions with a known closing-company contact.
Questions that come up next
Yes. Ask about the services, responsibilities, compensation, and any other costs in the written agreement.
That can be negotiated, subject to the buyer’s loan requirements and the contract. Ask the lender to confirm which credits are permitted.
Useful sources & next steps
Look up the tax account and contact the county treasurer. A past tax bill is not a future tax estimate.
Official state resources for contracts, property disclosures, and related addenda.
General real estate planning information. Your contract, property, lender, and personal situation determine the applicable requirements. Use the linked official resources and consult the relevant professional for a specific decision.