TOOLS / SELLING
Seller net sheet: what you keep after selling a Texas home
Type in your price, payoff and the fees in your listing agreement. The sheet adds the owner’s title policy at the rate the Texas Department of Insurance sets and prorates this year’s property tax to your closing date, then shows every line it subtracted.
What would you walk away with?
| Sale price | $500,000 |
|---|---|
| Loan payoff | −$0 |
| Listing brokerage fee | −$0 |
| Buyer’s agent compensation offered | −$0 |
| Owner’s title policy (TDI basic premium) | −$2,756 |
| Property tax proration, Jan 1 to closing | −$0 |
| Other seller costs you entered | −$0 |
| Estimated net to you | $497,244 |
An estimate, not a settlement statement. The title company’s closing disclosure is the real number.
Common questions
Who pays for title insurance when selling a house in Texas?
The TREC resale contract has a box for it: the parties choose whether the seller or the buyer pays for the owner’s title policy. The lender’s policy is usually a buyer cost. The premium itself is set by the Texas Department of Insurance, not by the title company.
Are real estate commissions in Texas negotiable?
Yes. The listing fee is whatever you agree to in your listing agreement, and whether you offer anything toward the buyer’s agent is your decision. This sheet assumes nothing: type in the terms you have or are considering.
Why does the seller pay property taxes at closing in Texas?
Texas property tax for a year is billed in the fall and paid by January 31 of the next year, so at closing the seller credits the buyer for the part of the year the seller owned the home. The contract prorates taxes through the closing date.
What else comes out of a seller’s proceeds?
Common items include the escrow or closing fee, HOA transfer and resale certificate fees, a survey if you provide one, agreed repairs and any seller credits. Put them in Other seller costs; the title company’s closing disclosure is the final word.
Want a price to put in the first box? Ask David for a pricing opinion, or compare taxes by city with the property tax estimator.