As a real estate professional, you know that providing value to your clients is about more than just closing deals—it’s about being a resource they can rely on for accurate, timely information. One of the most essential tools in your arsenal? A net sheet.
Net sheets empower you to give your buyers and sellers a clear picture of their financials, building trust and boosting your credibility. And with the Supreme Title Quoting & Marketing App, creating detailed, accurate net sheets has never been easier.
Here’s what you need to know to make net sheets work for you and your clients.
What Is a Net Sheet?
A net sheet is a detailed financial estimate of a real estate transaction, customized for either buyers or sellers.
- For Sellers: It shows what they’ll pocket after the sale, accounting for expenses like mortgage payoffs, commissions, and closing costs. It also shows Holding Costs – calculates the amount the seller will continue to pay if they wait to sell and MORE.
- For Buyers: It outlines their total costs, including down payments, closing fees, and taxes, so they know what’s required at the closing table.
Why Net Sheets Are Crucial for Realtors
- Build Client Confidence: Clients appreciate transparency. When you provide them with an accurate breakdown of their costs or proceeds, you’re proving your value as a knowledgeable professional.
- Strengthen Your Reputation: Going the extra mile to ensure clients are fully informed sets you apart from other agents.
- Provide an Estimate of Fees: A net sheet gives your clients an early estimate of the fees / proceeds based on the current transaction details. It’s important to note that final fees and figures will be detailed on the ALTA Settlement Statement prepared by the title company once all transaction information is finalized.
- Ease Tough Conversations: Discussing financial realities can be challenging, especially when sellers realize their net proceeds might be lower than expected or buyers face unexpected costs. Having a detailed, accurate net sheet equips you to approach these conversations with confidence and clarity, providing clients with the numbers they need to make informed decisions.
What Goes Into a Net Sheet?
For Sellers
- Sale price
- Mortgage payoff amounts (a HELOC is considered a mortgage)
- Agent commissions
- Closing costs (title fees, recording fees, etc.)
- Taxes and prorated expenses (HOA fees, property taxes)
- Monthly/Annual Bills
For Buyers
- Purchase price
- Down payment
- Loan costs (appraisal, origination fees)
- Closing costs (title insurance, recording fees)
- Prorated expenses (taxes, HOA dues)
Having this breakdown at your fingertips helps you provide clear, concise answers to your clients’ financial questions.
Take Your Service up a Notch with the Supreme Title’s Quoting & Marketing App
Generate professional, BRANDED net sheets in minutes – anytime anywhere. Download the app today and email Rose@supremetitlellc.com for a detailed training to get the most out of this valuable resource.
Whether you’re at an open house or sitting at the closing table, this app gives you the tools you need to elevate your service and stay ahead of the competition.
How It Works
- Input Transaction Details: Sale price, loan information, taxes, and fees.
- Adjust for Local Variables: Customize for your area’s tax rates, commissions, and other factors.
- Get Instant Results: Share a detailed, professional net sheet with your clients in moments.
It’s fast, accurate, and designed to make your job easier.
Why Realtors Love the Supreme Agent App
- Saves Time: No more crunching numbers or dealing with complicated spreadsheets.
- Enhances Professionalism: Impress clients with polished, easy-to-read breakdowns.
- Improves Accuracy: Reduce errors and deliver precise estimates every time.
Your Competitive Advantage
In today’s market, clients expect their realtor to be not just a negotiator, but a trusted advisor. By using net sheets to provide clear financial insight, you’re setting yourself apart as a true professional. And with the Supreme Title Quoting & Marketing, you’re making the process seamless for both you and your clients.
Don’t just meet expectations—exceed them. Try the Supreme Title’s Quoting & Marketing App today and see how it can streamline your workflow.
