When I meet with prospective sellers, one of the components of my presentation is the sellers net sheet. The seller net sheet simply anticipates the money you will receive from the home sale, once all fees and charges are settled.
The seller net sheet calculates your closing proceeds after you enter variables such as your mortgage payoff, sales price, sales commission, pending real estate taxes, and closing costs.
Why is this tool so important. First of all it show you, the seller, what costs are involved in selling their home. Not everyone realizes all the costs associated with selling a home. Secondly it shows whether there will be money left over at the end of the day. If not then a short sale would have to be negotiated if defaulting on a mortgage was likely.
Don't put your home on the market without knowing where you stand.
To book a Free Market Evaluation of your Toronto Real Estate, give me a call at 416-518-8188.
My client's interest are my top priority. Thinking of buying or selling Real Estate in Toronto/GTA? I can be a part of your team along with mortgage professionals, lawyers and inspectors. Call me!
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