How Much Will I Actually Receive When I Sell My Home?

When you sell your home, the number you actually receive is not the same as your sale price. That difference matters, and understanding it before you list, before you accept an offer, before you make any plans based on a number in your head, is genuinely helpful. Let me walk you through how this works. You start with the sale price. Then you subtract several things. Your mortgage payoff. If you still have a loan on the property, that remaining balance gets paid off from the proceeds at closing. Depending on your loan balance, this can be a significant deduction. Real estate agent fees. These are typically paid from the seller's proceeds as a percentage of the sale price. Your share of closing costs and title fees. Sellers have their own closing costs. Transfer taxes, the seller's portion of title fees, and other applicable charges. Any seller concessions agreed to in the contract. If you offered to contribute toward the buyer's closing costs as a negotiated term, that amount comes off the top. Prorations. Property taxes, HOA dues, and other recurring expenses get prorated between buyer and seller based on the closing date. Depending on timing, you may owe a portion of those. What remains after all of that is your approximate net proceeds. Your agent can prepare what is called a seller's net sheet before you go to market. It estimates your expected proceeds based on your anticipated sale price and the applicable costs. It will not be exact, because the final transaction terms determine the actual outcome. But it gives you a working picture. If you are thinking about selling and want to understand what you may actually receive from the transaction, explore the seller resources on this site or schedule a no-obligation consultation.