Seller Estimated Net
Proceeds Calculator
|
Sale w/o Genesis
|
Sale With Genesis
|
| List Price of Home |
$ 100,000
|
$ 100,000
|
| Average % Reduction |
5%
|
0%
|
| Sales Price |
$ 95,000
|
$ 100,000
|
| Less: Genesis Fee 3% of Sales Price + $750 |
$ 0
|
$ (3,750)
|
| Less: Sales Commission |
$ (5,700)
|
$ (6,000)
|
| Less: Closing Costs Estimate 2% |
$ (1,900)
|
$ (2,000)
|
 |
| Net Proceeds to Seller |
$ 87,400
|
$ 88,250
|
|
DEFINITIONS
- List Price of Home – The asking price at which a home is originally offered for sale.
- Average % Reduction – The difference between the List Price and the actual Sales Price. The average % Reduction is the average of these differences and usually ranges from 3% to 7% depending on the specific real estate market.
- Genesis Fee – This is the contribution to Genesis and is equal to the gift amount plus a processing fee of (1% of the sales price or $750, whichever is less). This example assumes Genesis made a gift of 3% ($3,000) to the Buyer.
- Sales Commission – Real Estate sales commissions usually range from 6% to 7%.
- Closing Costs – These are the standard costs associated with selling a home and include settlement charges, title searches, inspections, transfer taxes, etc…
All else being equal a sellers Net Proceeds will be approximately the same whether or not you utilize the Genesis Program, consequently you might as well benefit from the increased marketing abilities and decreased marketing time by offering the Genesis Program.
Remember, the seller is NOT obligated and DOES NOT make a contribution to Genesis if a Buyer that does not use the Genesis Program purchases their home. |
