Ok. So the sale price of the property was $130,000. Fair market value was $121,000. So the total amount over the fair market value was $9000. There are a number of items, listed as debits to the seller, on the Settlement Statement I have. Can you tell me which ones I can all subtract from that $9000? Seller Credit to the buyer of $2500 to cover their closing costs. County Taxes for January 1st through the date of the sale of $1145.72. Title-Closing Fee of $150.00. Title-Owner's Policy of 592.00. Title-GAP Endorsement of $125.00. Title-Special Assessment to Fee of $25.00. Commission to Real Estate Agent of $7800. Government Transfer Fee of $390. Government Termination Fee of $30. Final Utilities Payment of $57.83. Final repairs to the house prior to sale of $410.14. Attorney Fees of $425.00 If I can deduct all of it from the $9000, we would have a net proceed of $4650.69. Divide this by 5 for a net proceed of -930.14 per person?
