Thursday, 28 March 2024 Contact Us: Cell:(240)899-1195; Office:(240)720-6929; Fax:(888)839-7109; Email: info@globeprorealtors.com
Associate Only Login

Sellers


Seller's net VS Equity Share
Posted by: Paul Nwachukwu (WA-CHU-KOO), on 12/29/2009
Views: this has been read 439055 times

SELLER’S NET VERSES EQUITY

Seller’s objective is to make a financial gin or proceeds from the sale of their property. This proceeds is what we call Equity. This Equity when surpassed by the debts or liens on the property  will result to a negative Equity.

To better understand the seller’s net, lets discuss and understand Equity and the expenses related to the sale of a property.

EQUITY: The appreciation of your property in value due to: Home improvement, appresaised value, market value and location. The difference between the market value and the mortgage balance, second mortgage (if applicable) home equity and other liens is what is known as Equity.

If we understand Equity accrual and related expenses, then lets examine a hypothetical theory:

Home price-------------------------------$ 350,000.00

1st Mortgage-----------------------------$ 200,000.00

2nd Mortgage----------------------------$   50,000.00

Equity---------------------------------------$ 100,000.00

To get to the Seller’s Net, we must deduct all related expenses not limited to mortgages.

These expenses do differ from property to property. Please check with related documents for accurate figuring. If you are thinking of selling then let Globe Pro Realtors assist you in achieving your financial goal.

JUST REMEMBER THAT WE WILL COME TO YOU IF YOU ARE TOO BUSY TO COME TO US.



Name:
Email:
Street Address:
City:
State/Province:
Zip/Postal Code:
Phone Number:
Comment:
   

PRELISTING BENEFITS

WITH GLOBE PRO REALTORS


FREE COMPETITIVE MARKET ANALYSIS

In today’s market knowledge is power. To know the past and present sales, pending contracts, will help you to access the fair market value of your property. Complete market analysis provides you with such report.

FREE PRELISTING APPRAISAL

To have professional evaluation of your property and give you the estimated market value.

FREE PRELISTING HOME INSPECTION

Home inspection professional will enable you know what need to fixed in your home. This is the clean bill of home sale for the buyer.

FREE BUYER’S HMS WARRANTY PAID BY LISTING AGENT

This is the pride of ownership in home selling. This one year home warranty, gives your buyer or level of comfort.

SELLERS NET PROCEEDS

To know your projected net equity will be a great factor, whether to sell or not sell. Needless will I say,. “The Bottom Line” is a big factor.