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Seller net sheet
Before you sell, it helps to know what's left at the end. Put in your numbers and see about how much money you keep.
See about how much money is left after the sale, once the loan and the costs are paid.
Some cities add their own transfer tax on top of the county's. Not counted here: income or capital gains tax.
This is a rough estimate to help you plan. It is not a quote, an appraisal or tax advice. Angela can give you real numbers for your home.
Understand your numbers
What the buyer pays. A good price opinion from a local agent is the best place to start.
Every loan on the home gets paid at closing. That includes a reverse mortgage, a home equity line, and any liens or back taxes.
What the agents are paid. It comes out of the sale, so you don’t pay it up front.
Escrow handles the money and papers. Title insurance protects the buyer. Together they often run about 1% of the price.
California counties charge $1.10 for every $1,000 of the price. Some cities add their own tax on top.
In an estate or trust, the money left over is usually split the way the will or trust says. This tool splits it evenly so you can see a rough number.
Tips
Your lender will give you the exact amount to pay off the loan, down to the day. Use that number, not your last statement.
If the buyer asks for money for repairs, it comes out of your side. Good negotiation keeps that small.
Big repairs before a sale often don't pay back. Angela will tell you which small fixes are worth it.
Questions
After. The loans and costs are paid first at closing, then what's left goes to the seller, the estate or the trust.
Often less than people think, because the home's value is usually reset to what it was worth when the owner passed. Every case is different, so please ask a CPA or tax attorney.
At closing. For an estate or trust it goes to the estate or trust account first, then gets paid out to the heirs.
No. It's a close guess. Angela can give you a written net sheet for your home, free.
Talk to Angela
Angela will look at your home, check recent sales nearby and give you a written net sheet. It’s free, and it makes family talks a lot easier.
Call Angela. No pressure and no cost to talk. Just honest answers about your home and your options.
