How much money will I actually receive when I sell my home?

The purchase price is not the same as what you receive

Sellers sometimes focus on the sale price as the number that matters. But the amount that actually arrives in your account after closing is your net proceeds, and that number can look quite different from the headline price.

What reduces your proceeds

Several items are deducted from the sale price at closing:

Mortgage payoff: If you have an outstanding loan, the remaining balance plus accrued interest through the payoff date is paid from the sale proceeds. This is typically the largest single reduction.

Real estate agent fees: These are paid from proceeds at closing and calculated as a percentage of the sale price. The specific amount and structure depend on the agreements in place for your transaction.

Title and closing costs: Sellers generally pay for certain title-related services, the owner's title insurance policy in many areas, and their share of transaction costs. The exact items and amounts vary by location and transaction.

Prorations: Property taxes and some other ongoing costs are divided between buyer and seller based on the closing date. Depending on timing, you may owe a portion at closing.

Seller concessions: If you agreed to contribute toward the buyer's closing costs as part of the contract, that amount is deducted from your proceeds.

How to get your number

Your real estate agent can prepare a seller's net sheet before you list. This estimate, based on the expected sale price, your current loan balance, and anticipated selling costs, gives you a working picture of what you are likely to receive. It is an estimate, not a guarantee, but it is the right starting point before making decisions about timing, pricing strategy, or your next steps.

Evaluating offers based on net proceeds

When you receive multiple offers, or an offer that includes concession requests, comparing them based on estimated net proceeds gives a more accurate picture than comparing headline prices alone. An offer at a higher purchase price but with a significant concession request may net less than a slightly lower offer with cleaner terms.

Reviewing each offer as a complete package rather than a single number is one of the most practical ways a Realtor can help a seller make a fully informed decision.