ColeenD3
Expert Alumni

Investors & landlords

@ There is an entry point for the sales price and another for expenses of sale. Your sales price is the contract sales price listed on your HUD-1. You do not adjust this price manually.

 

Sales expenses include:

 - commissions
 - appraisal fees
 - broker's fees
 - legal fees
 - advertising fees
 - home inspection reports
 - title insurance
 - transfer taxes or fees
 - geological surveys
 - loan charges (points) or other fees paid on the buyer's behalf

 

Sales expenses do not include:
 - mortgage payoffs
 - home equity loan payoffs
 - rent-back costs
 - payoff to creditors
 - property taxes
 - home owner association fees