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In-Person: (A) Understanding Closing Statements, Closing Costs and How to Prepare a Net Sheets
May 16, 2023 @ 11:00 am - 12:00 pm
FreeInstructor: Melinda Grimaldi, Esq.
This is a FREE Workshop for MIAMI Members ($25 Non-Members)
Knowing Your Numbers!
As a Realtor, one of your primary responsibilities is helping your customers navigate the complex process of buying and selling properties. A critical aspect of this process is understanding closing statements, closing costs, and preparing a net sheet.
In this webinar, we will provide you with a comprehensive overview of these crucial aspects of real estate transactions. We will cover the following topics:
1. Understanding Closing Statements: We will discuss what a closing statement is, how it is prepared, and what information it contains. We will also cover the different types of closing statements and when they are used.
2. Closing Costs: We will explore the different types of closing costs that buyers and sellers may encounter during a real estate transaction. This section will cover everything from title insurance and attorney fees to appraisal and inspection costs.
3. Preparing a Net Sheet: We will walk you through the process of preparing a net sheet, which is an essential tool for estimating the potential profits or losses of a real estate transaction. We will discuss how to calculate net proceeds, as well as how to account for various expenses and fees.
By the end of this class, you will have a comprehensive understanding of the critical financial aspects of real estate transactions. You will be equipped to help your customers navigate the complex world of closing statements, closing costs, and net sheets, ensuring that they get the best possible outcome from their real estate transactions.
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