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Estimated Seller Proceeds June 13, 2017 Prepared By: Listing Broker: Agent: Address: City, State Zip: Phone: Fax:Estimated Closing Date: Monday, July 31, 2017 Selling Price Less: Ext. Mortgage Payoff(s)
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How to fill out estimated seller proceeds
How to fill out estimated seller proceeds
01
Determine the estimated sale price of the property.
02
Subtract the remaining mortgage balance from the sale price to calculate the net proceeds.
03
Consider other fees and expenses such as real estate agent commission, closing costs, and taxes.
04
Subtract these fees and expenses from the net proceeds to get the estimated seller proceeds.
Who needs estimated seller proceeds?
01
Home sellers who want to understand how much money they will make from selling their property.
02
Real estate agents who need to provide clients with an estimated breakdown of their proceeds.
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What is estimated seller proceeds?
Estimated seller proceeds refer to the expected amount of money a seller will receive after selling their property, taking into consideration all expenses and fees.
Who is required to file estimated seller proceeds?
Seller is required to file estimated seller proceeds when selling a property.
How to fill out estimated seller proceeds?
To fill out estimated seller proceeds, one needs to input all relevant financial information related to the property sale, including selling price, expenses, and fees.
What is the purpose of estimated seller proceeds?
The purpose of estimated seller proceeds is to help sellers understand how much money they will receive after selling their property and to plan accordingly.
What information must be reported on estimated seller proceeds?
Information such as selling price, expenses (closing costs, real estate agent fees, etc.), outstanding mortgage balance, and taxes must be reported on estimated seller proceeds.
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