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You Made the Process Very Easy

"Dear Dale, Thank-You very much for being so good at your career, and helping me sell my house. I had so much fun working with you, and you made the process very easy. I wish you and your family the best. Take care & God bless"

Tina B.

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Closing or Settlement >Net Sheet for Sellers

When you consider what price you should accept when selling your home, there are two important factors that will influence your decision. The first factor is the basic sales price. The second, and more important, is the amount you will actually receive from the proceeds at the closing.

Your real estate agent will prepare a seller's "net sheet" showing what your expenses will be. This will aid you in determining who pays what and when. It can help you to focus on the details of the sale.

A seller's expenses will include brokerage fees, real estate settlement fees, title insurance fees and special assessments. In some cases the buyer may ask you to pay some of the loan fees. Local real estate taxes will be pro-rated for you and the buyer, and you may be asked to place funds in escrow for payment of your final water bill. Subtract your mortgage balance any home improvement loans and other liens against the property that will be paid at the closing to come up with your final figures.

Your real estate agent can go over all of these factors with you when you list your home for sale and again as offers come in.

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Q	What real estate term was first used in the 19th century and means "a high-flying flag on a ship"?
A	Skyscraper was first used in the 1880s when office buildings of 10 stories or more were built in Chicago and New York.
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The Tierney Team, REALTOR®, real estate agents and broker for Lansing, East Lansing and Okemos Michigan home listings, property and land for sale - NUMBER1EXPERT(tm)

The Tierney Team
Keller Williams Realty Lansing East
3100 West Road Bldg. 1, Suite 210
East Lansing, MI 48823
Tel: 517-853-6397
Fax: 866-361-3764
Email: thetierneyteam@kw.com

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