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OKLAHOMA REAL ESTATE COMMISSION EstimatEd NEt to sEllEr Property Address: Closing Date Sales Price $ Buyer's Loan Amount $ (Note: Number on left corresponds to HUD-1 Form) Conv 500. taxes 511. Prorated.

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The money a home seller keeps after all fees, commissions, closing costs and other expenses have been paid is referred to as net proceeds.

You calculate your net proceeds by subtracting the costs of selling your home and your remaining mortgage balance from the sale price. For example, if your sale price is $1,000,000, your remaining mortgage balance is $350,000, and the total closing costs are $60,000, then your net proceeds would be $590,000.

In a short sale, there are no proceeds to the seller. Lenders allow these costs to be deducted from the proceeds of the sale and, in fact, collect the "net" proceeds - what is left afterwards.

Calculating the net to seller is pretty simple, all that you need to do is to subtract the seller's costs and debts from the sales price.

Reading a seller's net sheet is easy. Simply look at the sale price, subtract the fees and deductions, and you now have your estimated profit from selling you home. Although the components can vary from state to state, the sheets are overall very similar. The purchase price is the number before any deductions.

Proceeds are the entire amount received in income. Profits are only the amount received over the cost of buying the goods sold. The term proceeds are less often used in business or finance, with income or revenue preferred. The term profits is a common business term.

Net proceeds are the amounts received by the seller after deducting all costs and expenses from the gross proceeds in a transaction arising from the sale of an asset (goods, property, or securities). Accounting and Financials Glossary >

What Are Net Proceeds? Net proceeds are the projected amount or value the seller takes on a sale after all deductibles and miscellaneous costs are considered from the gross proceeds. This means that this would be your gain after deducting all extra costs and real estate expenses from your sale.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232