What is Seller Net Sheet?
A seller net sheet is an itemized estimate showing what the seller will walk away with (or owe) after subtracting payoffs, commissions, and closing costs from the sale price. In a short sale it typically shows the seller netting nothing, with proceeds going to the lender. It helps everyone see where the money goes before closing.
Example: The agent prepares a net sheet showing that after the lender payoff, commissions, and fees, the short-sale seller nets $0 — which the lender must approve since it absorbs the shortfall.