Seller (Excel download)

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					                              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)

				
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posted:10/23/2011
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