Seller's Net Sheet

This is the seller’s existing loan. Remember that mortgage interest is paid in arrears, so the actual payoff amount of a mortgage is typically one to two payments higher than the principle balance shown on their statement. Always check to make sure there is no prepayment penalty as well.

This can be used for a Third Mortgage or for any liens or judgments against the seller. Examples could be things such as IRS liens, HOA liens, mechanics liens, or creditor judgments such as unpaid credit cards that have resulted in judgments.

%  or

Any credits that the Seller is giving the Buyer at closing.

%  or

Enter a percentage for the listing agent commission or enter a flat fee

%  or

Enter a percentage for the selling agent commission or enter a flat fee

The Owner’s Title Insurance premium is customarily paid by the Seller in the state of Colorado. The title premium quoted here is an estimate only based on rates from Westcor Land Title Insurance Company owner's policy rates. A reissue rate may be applicable and lower rates may apply. Please check with National 1 Source to obtain a more accurate quote.

This closing fee is usually split between the parties per the contract. It can however be paid by either the buyer, seller or both. Choose how this fee is supposed to be split. Certain transactions may require additional work by escrow, such as a short sale, in which additional Seller’s closing fees may be applicable.

These fees are based on how many loans, liens, or judgments that are being paid off at closing. These fees are to process the payoff and/or release or satisfaction of documents as well as to wire or courier the payoff payment. If there are no mortgages, liens or judgments being paid off these fees do not apply.

These are fees to record documents with the county. These fees are consistent statewide. They include any power of attorneys, statement of authorities and/or any other document needed to satisfy the closing. To calculate the processing and recording fee for each separate document to be recorded, you would add $21 for the first page then $5 for each additional page.

Taxes can be prorated per the contract based on the current tax amount or mill levy & assessed value this amount will be prorated up to the day of closing crediting the buyer for the days owned by the seller.

When living in a Home Owner’s Association (HOA) governed community, the association can charge certain fees. A HOA Transfer fee can be charged to transfer the property from one owner to another. A HOA status letter fee can be charged by the association to generate a letter showing the current status of the property. A HOA Documents fee can be charged by the association to generate a copy of all of the association’s covenants and rules, restrictions and by-laws / financials to be delivered to the new owner.

Water and sewer are typically “lienable” utilities in most areas, meaning that the bill follows the property, not the individual. If the box for Services of Closing Agent for Payment of Utilities has been checked “Requested” on the purchase and sale, we will order, collect, and pay that final bill at closing.

All other items are fees which will be deducted from the Estimated Net Proceeds to Seller. These are used for an item not already listed above and could be for something like delinquent property taxes, delinquent home owner’s association dues, home warranties (for the home inspections) an appraisal or a survey etc. A description and an amount should be entered for each other item.