SouthAustinTeam.com - Estimated Seller Net Sheet
Today's Date: Oct 22, 2011
Estimated Closing Date: Dec 6, 2011
Fill in the blue cells End of Year Dec 31, 2011
Homestead (Primary Residence for 2 years?) yes/no
ITEM & RATE DEBIT CREDIT
Sales Price
Purchase Price (Cash)
First Loan Payoff - Principal Balance
Interest Rate
Interest on Loan 0 days $ -
State Capital Gains Tax as of 2007
Second Loan Payoff - Principal Balance Homestead Non-Homestead (less than two years)
Interest Rate State Texas Texas
Interest on Loan 0 days $ - Capital Gains - Short Term 0% 15.0%
Capital Gainst - Long Term 0% 15.0%
Payoff Penalty (if any) Tax Payer Relief Act of 1997. The law allows a single homeowner to earn up to
$250,000 in tax-free profit on the sale of the home. Married couples filing jointly
qualify for a $500,000 capital gains exclusion. Any profits beyond the exclusion
Survey may be subject to capital gains tax rates, which are based on a number of
Recording Fees variables.
HOA Transfer
HOA Policy
Title Insurance - Click here
Document Preparation ($50 per document) $ - Good tool for Tax Bracket Calculation
Notary Fees ( $10.00 per signature) $ - Capital Gain Tax Rate
Delivery, Courier and Federal Express( $30 per delivery) $ - Tax Bracket Short Term Long Term
Wire Fees $ - 10% 10%
0%
15% 15%
Pest Inspection Fee estimate 25% 25%
Pest Repairs estimate 28% 28%
15%
Home Warranty Contract estimate 33% 33%
Roof Certification/inspection estimate 35% 35%
Total Repairs and Remodeling estimate
ECAD estimate
Seller Paid Closing/Misc Cost/Debit
SUB TOTAL $ - $ -
Prorated Capital Gains Taxes (see description) $0.00 $ - $ -
(assumes both installments paid)
Agent Commission 6.00% $0.00
Seller's Broker 3.00% $ -
Buyer's Broker 3.00% $ -
Credit/Points to Buyer for Non-Recurring Closing Costs $ -
TOTAL $ - $ -
Estimated Amount Due From Seller at Closing $ -
(***SouthAustinTeam.com is not to be liable for actual results in the closing of escrow; Please consult a loan professional)