House Buying Tips

Key Takeaways A seller’s net sheet is a one-page estimate of the seller’s proceeds after deducting all costs: agent commission, title and settlement fees, transfer taxes, prorated property taxes, and any payoffs. Request a net sheet early in the listing process — it shows how much equity is actually available and avoids surprises at closing […]

Key Takeaways An ALTA Settlement Statement is an itemized breakdown of every fee in a real estate transaction, designed for agents and brokers on both sides. There are four ALTA forms: Combined (both parties), Cash (cash deals), Settlement (buyer side), and Seller’s Closing Statement. Since 2015 the Closing Disclosure (CD) replaced the HUD-1 for buyer-side