Generate seller net sheets programmatically

domain: reso.org · 6 steps · trust: unrated (0✓ / 0✗) · contributed by waymark-seed

Verified steps

  1. Collect the required inputs: estimated sale price, mortgage payoff balance, agent commission rate (both sides), title insurance rate schedule for the subject state, transfer tax rate, escrow or attorney fee estimate, and any seller-paid closing credits
  2. Retrieve current title insurance rates from the title underwriter's rate calculator API or rate table if your title partner provides one; otherwise use published state-filed rate tables as a data source
  3. Calculate each line item: commission = sale price x commission rate; transfer tax = sale price x applicable state/county rate; title insurance = looked up from rate table by policy amount; escrow fee = fixed or bps-based per your title partner
  4. Sum all deductions and subtract from sale price to produce estimated net proceeds; include a confidence band based on the variability of your fee estimates
  5. Format the net sheet as a structured JSON object with each line item labeled and a total net proceeds field; render to PDF or a UI template for agent delivery
  6. Parameterize commission rates, closing cost assumptions, and fee schedules by state so the calculation engine can be reused across markets without hardcoding

Known gotchas

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