Where do I find my net proceeds in a seller's package?
On the seller net sheet: the page that starts with the sale price and subtracts each cost of selling to show what you are likely to receive.
- A net sheet lists the payoff of your mortgage and any other liens, the compensation to the agent(s) per the listing agreement as well as what was negotiated at the time you signed the contract, Florida documentary stamp tax on the deed, title and settlement charges, association estoppel fees, prorated property taxes and any repairs or credits you agree to with the buyer.
- At PBP, the net sheet is an estimate Gia prepares by hand for your property and your price.
- It is not the final figure. The final numbers come from the closing agent's settlement statement, which you review before you sign.
What fees can be charged when I sell my home?
Most costs of selling fall into five groups: the brokerage commission, government charges, title and closing charges, association charges, and payoffs.
- Government: Florida documentary stamp tax on the deed, and recording fees.
- Title and closing: the settlement fee, the title search, and, in Palm Beach County by custom, the owner's title policy.
- Association: the estoppel certificate, and any transfer or approval fees.
- Payoffs: your mortgage, any liens, and any unpaid assessments.
- Some brokerages charge a separate administrative or transaction fee. Any fee you pay your brokerage should appear in your listing agreement. Read it before you sign.
- Commission and many other fees are negotiable.
This answer explains the general process in Florida. It is not legal or tax advice; for your situation, rely on a Florida attorney or CPA of your choice.
What numbers should I review before selling my home?
Five: your mortgage payoff, the price recent sales support, your costs of selling, your carrying costs while the home is listed, and your budget for the next move.
- Get a written payoff from your lender, including any second mortgage or line of credit.
- See what similar homes nearby actually sold for, against their original asking prices.
- List your costs of selling (see the fee groups above).
- Add the monthly carrying costs while the home is on the market: mortgage, taxes, insurance, association dues, utilities.
- A net sheet puts these together. Any net figure at this stage is an estimate, not a promise. Questions about tax on your gain go to your CPA.
This answer explains the general process in Florida. It is not legal or tax advice; for your situation, rely on a Florida attorney or CPA of your choice.
AI assisted the research and drafting of this answer; a licensed broker reviewed and approved it before publication. How PBP uses AI.