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Real Estate Tips
Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Real Estate Trivia
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Nearly every state has a mandate for seller disclosure. What must a seller disclose?

A 
The seller must disclose any existing problems, defects or conditions that could affect the value of the house.
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Ken Offidani, REALTOR®, real estate agent and broker for Lancaster, Manheim Township and Hempfield Pennsylvania home listings, property and land for sale - NUMBER1EXPERT(tm)

Ken Offidani
Coldwell Banker Select Professionals

1000 N. Prince Street
Lancaster, PA 17603
Phone 1: (717) 587-1652
Phone 2: (717) 735-8310
Cell: (717)-587-1652
Fax: (717)-735-8267
koffidani@realtyselect.com

The GUARANTEED SAME DAY RESPONSE from The Ken Offidani Team has made us a Lancaster County favorite. Want the price or location of a home? Call or e-mail now and you’ll reach us instantly.

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