October 3, 2007
How To Figure Out The Net Profit From Selling Your Home?
Here is a very nice article about "Figuring Net Profit from Selling Your Home" from Elizabeth Weintraub. Following is the entire article.
Every diligent real estate agent I know prepares a net sheet for the seller when signing a listing agreement or presenting a comparative market analysis. Because the second question on sellers' minds — right after real estate commission negotiation — is how much the seller will net. Home sellers expect a reasonable response to: What is the seller's net profit?
To figure a seller's net profit, you need to have access to the expenses of sale. As a Realtor, I compute two net sheets for sellers. The first net sheet is based on receiving full list price.
Pownce it!