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Seller Net Sheet

Property Details

$100K$5M
$0$5M

Commission

Effective: 2.88%

% on first $100K + % on remaining balance

7%

= $7,000

2.5%

= $27,500

Total$34,500
Total Commission + 5% GSTNegotiable. BCFSA
$36,225

Other Adjustments

Your Net Proceeds

$761,775

estimated after all deductions

Sale Price
$1,200,000
Mortgage Payout
-$400,000
Commission

7% on $100K + 2.5% on balance

-$34,500
GST on Commission
-$1,725
Legal Fees
-$2,000
Net Proceeds$761,775
Total Selling Costs$38,225 (3.2%)

Estimate only. Final amounts vary by listing agreement, taxes owing, and mortgage terms. Commission is negotiable and subject to GST.

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