Sept. 22, 2017
Part 4 Closing Day
All kinds of logistical problems can come up as you approach closing day. You may not know for sure whether the financing will come through for the buyer until the last minute. That can certainly make it difficult to plan for movers and the like. Hopefully that doesn’t happen. Always have a plan B. There are a lot of moving parts to closing a real estate transaction. Be prepared for delays. They are a commonplace occurrence. When problems arise keep your cool and focus on getting it closed.
On closing day you should be out of the home and it should be at least broom swept clean. Make sure you can turn over two sets of keys including, garage door openers and keys to amenities if you live in a condo or HOA.
If you got to this point, then congratulations! I hope I helped you save you some money.
Estimating Net Proceeds
At closing the title agent will have prepared a closing settlement settlement statement that will outline the costs for both the buyer and seller. It is commonly referred to as a HUD statement. You should ask the title agent for a copy well prior to closing.
Below is a Net Sheet calculator for you to do a quick estimation of what your net proceeds will be after all the fees are deducted.
Home Seller Net Sheet
Get an itemized print out of your seller closing costs for home owners in Florida. Just answer a few simple questions.
Keep in mind this is for estimating purposes only and doesn't include pro-rated taxes. That is a more complex calculation. When you have your home under contract you can request a HUD closing statement from the closing agent that will give you the exact amount. You can also ask the closing agent for a preliminary HUD statement if you are in the process of negotiating and need a more exact figure before signing contracts.
I’m Here to Help
I am always happy to answer question you may have if you are selling your home on your own. Send me a request by email here.
You may have also learned that it is harder and more stressful than it looks. Nine out of ten homeowners who attempt to sell their home themselves, fall short. In most cases, those that are successful end up selling to a relative or someone they know.
I have learned something new with almost every sale I have completed and I’ve been doing this for 12 years. If you decide it is all too much and you live in Broward County, I hope you will get in touch with me. I would be more than happy to get your home sold for you. If you live outside my area I can refer you to a trusted agent in my network.
- FSBOs accounted for 8% of home sales in 2014.
- The typical FSBO home sold for $210,000 compared to $249,000 for agent-assisted home sales.
FSBO methods used to market home:
- Yard sign: 42
- Friends, relatives, or neighbors: 32%
- Online classified advertisements: 14%
- Open house: 14%
- For-sale-by-owner websites: 15%
- Social networking websites (e.g. Facebook, Twitter, etc.): 15%
- Multiple Listing Service (MLS) website: 10%
- Print newspaper advertisement: 3%
- Direct mail (flyers, postcards, etc.): 3%
- Video: 2%
- Other: 1%
- None: Did not actively market home: 25%
Most difficult tasks for FSBO sellers:
- Understanding and performing paperwork: 12%
- Getting the right price: 6%
- Preparing/fixing up home for sale: 6%
- Selling within the planned length of time: 18%
- Having enough time to devote to all aspects of the sale: 6%
3 Steps to Getting Top Dollar For Your Home
How Long Should it Take To Sell a Home
What Does it Cost to Sell a Home in Florida?
You can reach me 954-895-2431
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