Seller Net Sheet in Washington – Estimate Your Net Proceeds
Learn how a seller net sheet works in Washington real estate. Estimate your net proceeds after commissions, closing costs, and mortgage payoff.
Seller Net Sheet in Washington
When selling a home in Washington, one of the most common questions is: “How much money will I actually walk away with after closing?” That’s where a seller net sheet comes in. This document estimates your net proceeds after accounting for commissions, closing costs, mortgage payoff, and other expenses.
This guide explains how seller net sheets work in Washington, why they’re important, and how you can use them to plan your sale strategically.
What Is a Seller Net Sheet?
A seller net sheet is a financial estimate prepared before or during the sale process. It outlines expected costs and deductions, helping sellers understand their bottom line. While not a legally binding document, it’s a valuable planning tool.
🔗 Related glossary terms: Closing Costs, Commission, Escrow.
Key Items on a Seller Net Sheet
- Sales Price – The agreed-upon amount the buyer will pay.
- Mortgage Payoff – Any remaining balance owed on the property.
- Commissions – Typically 5–6% in Washington with full-service agents, though FSBO sellers using flat fee MLS listing services may pay far less.
- Closing Costs – Fees for escrow, title insurance, recording, and taxes.
- Prorated Expenses – Property taxes, HOA dues, or utilities.
- Credits or Repairs – Concessions to the buyer.
Why Seller Net Sheets Matter
- Financial Planning – Estimate how much you’ll have for your next home purchase.
- Negotiation Tool – Understand how concessions impact your bottom line.
- Transparency – Helps avoid surprises at closing.
Example of a Seller Net Sheet in Washington
Imagine you’re selling a Seattle home for $750,000 with a $300,000 mortgage balance.
- Sale Price: $750,000
- Mortgage Payoff: -$300,000
- Agent Commissions (6%): -$45,000
- Closing Costs: -$8,000
- Repairs/Credits: -$5,000
Estimated Net Proceeds: $392,000
With a flat fee multiple listing service, you could significantly reduce commission costs and walk away with more.
Tips for Sellers
- Request multiple net sheets for different scenarios (different sale prices or concessions).
- Review carefully with escrow or your advisor.
- Factor in moving costs and taxes.
- Use conservative estimates to avoid disappointment.
FSBO Sellers and Net Sheets
For for-sale-by-owner (FSBO) sellers, preparing a seller net sheet is crucial. Without agent guidance, you’ll need to calculate your expected proceeds independently.
With a flat fee MLS listing service, FSBO sellers can combine professional marketing with lower commission costs, resulting in higher net proceeds.
Key Takeaways
- A seller net sheet estimates net proceeds after all sale-related expenses.
- Key deductions include commissions, mortgage payoff, closing costs, and credits.
- Net sheets are not legally binding but help sellers plan ahead.
- Using a flat fee MLS listing service allows FSBO sellers to save thousands in commissions.
By understanding seller net sheets in Washington real estate, you can plan financially, negotiate wisely, and maximize your net proceeds.
Looking to sell with MLS exposure while saving on commission? Try Wayber’s flat fee MLS listing service today.