Calculator Instructions
What this estimator can
do for you:
With this calculator you can get an idea of how much it will cost to close
a given sale.
Seller Information : This information
can help you set a price on a property you want to sell. Most fees are
paid out of the selling price at closing. The net return to the seller
is given in the report generated by this estimator.
Buyer Information : When you
are buying it is nice to know, before you make an offer, what costs there
are in addition to the agreed upon sale price and the fees on the mortgage
you have arranged.
Disclaimer Statement :
This estimator does not include all final closing costs, but it will give
you fairly reliable numbers. The fees charged by title companies may vary
and other factors concerning the sale may affect rates or require additional
fees. For example, Prorated Property Taxes for the year of the sale and
Recording Fees are not included because they have too many variables to
address here.
How to use the form
:
Required Information : Enter the SALE PRICE of the property and
the BROKERS COMMISSION RATE. The form calculates all other values when
the cursor position is moved to another field.
Optional Information :
You may also enter a value for the balance owed on the property. With
this value the calculator will estimate a net return to the seller.
Entering Values
:
To avoid error messages or misleading results DO NOT include ","
"%" or "$" characters. After entering a new value,
use the TAB key to move the cursor to the next field, or click on the
UPDATE button. This will tell the calculator that you are ready to recalculate
all values for the report. When you change a value, the calculator will
perform the calculations and return to the text box containing the new
value. You may enter another new value or TAB to the next field.
Viewing the report
:
Clicking on the VIEW REPORT button will open a new window with a formatted
report displayed. You can save this window to your disk as "Source"
for viewing later, or you can select print from the menu at the top of
the screen. Some browser/operating system combinations do not allow printing
from the formatted report window. You can select the text, copy it, and
paste it into your text editor or word processor. From there you should
be able to print.
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