Providing buyers and sellers with a 'settlement sheet' well in advance of closing can help prevent unexpected financial surprises related to a house purchase.
Having early access to both the seller's net sheet and buyer's net sheet allows all parties to prepare financially for the sale, minimizing surprises at the end.
It's vital for sellers to understand their costs, as they often are significantly higher than a buyer's, primarily due to commission fees that can reach up to 6 percent.
Without proactive Realtors or asking for a settlement sheet, first-time homebuyers might experience shock from hidden costs during the transaction process.
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