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Seller Net Sheet

Property Details

$100K$5M
$0$5M

Commission

Effective: 3.79%

% on first $100K + % on remaining balance

%

= $7,000

%

= $38,500

Total$45,500
Total Commission + 5% GSTNegotiable. BCFSA
$47,775

Other Adjustments

Your Net Proceeds

$750,225

estimated after all deductions

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

7% on $100K + 3.5% on balance

-$45,500
GST on Commission
-$2,275
Legal Fees
-$2,000
Net Proceeds$750,225
Total Selling Costs$49,775 (4.1%)

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

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