What does a seller's credit column represent on a closing statement?

The seller's credit column on a closing statement indicates the amount of money the seller is receiving from the transaction. This column reflects the financial aspects associated with the sale of the property, specifically showing credits or receipts that the seller is entitled to.

In a real estate transaction, the seller might receive credits for various reasons, such as prorated property taxes, prepaid expenses, or any other compensatory amounts agreed upon during the negotiation process. Therefore, the seller's credit column is essential for summarizing the total financial benefit to the seller at the closing of the sale.

Understanding this aspect of a closing statement is crucial for both sellers and real estate professionals, as it helps clarify the net proceeds from the sale after all credits and debits have been accounted for.