Closing Costs

SELLER’S NET WORKSHEET

Use this worksheet to estimate your net proceeds after all expenses and closing costs. Simply enter the sales price and deduct all the itemized expenses and costs that apply in order to calculate your net proceeds.

Sales Price

Buyers Closing Costs, including Points (negotiable)

Termite / Roof Inspections (seller expense FHA/VA)

Code Inspection (if applicable)

Misc Expenses (FHA/VA – approx $750)

Termite Treatments & Repairs

Repairs to Warranted Items

Doc Stamps on Deed: Broward & Palm Beach: 0.7% / Miami-Dade: 0.6%

Title Insurance (seller pays in Palm Beach county)

Abstract (approx $250)

Attorney Fee (optional)

Closing Fee / Document Preparation (approx $500)

Transfer Fee (assumption only)

Tax & City Lien Search (approx $100)

Real Estate Commission

1st Mortgage Balance

2nd Mortgage Balance, HELOC, etc

Delinquent / Interest / Pre-payment Charges

Recording Satisfaction of Mortgage (approx $100)

Home Warranty Plan (optional)

Proration of Property Taxes (Jan 1st – closing date)

Proration of Association / Sanitation Fees

Special Assessments (if applicable)

Other (courier fees, etc)

Water & Sewer Holdback (approx $100)

Refund of Escrow for Taxes & Insurance (usually received post closing)

Total Cash to (or from) Seller