How Much Will I Make When I Sell My Home?

Estimate the cash you will walk away with after agent commission, other selling costs, and paying off what is left on your mortgage.

What do you expect your home to sell for?

$

How much is left on your mortgage?Your remaining loan balance, plus any home equity loan or line of credit that gets paid off at closing.

$

Real estate commissionTotal commission for both agents. Most sales fall between 5% and 6%.

%

Other selling costsTitle, escrow, transfer taxes, prep, and concessions. These vary by state and sale; 1% to 3% is a common range.

%

Estimated net proceeds

$0

Total cost to sell

$0

Why Aren't My Net Proceeds the Same as My Home Sale Price?

The short answer: it costs money to sell your home. Here are examples of costs you can expect to come up during your home sale:

Real Estate Agent Commissions

Usually the largest selling cost. Total commission on most sales runs 5% to 6% of the sale price, split between the listing agent and the buyer's agent, and it is paid out of your proceeds at closing.

Frequently Asked Questions

What are net proceeds in real estate?

Net proceeds are what you take home after selling your property. This number is different and almost always less than your home's value since it accounts for costs such as real estate commissions, taxes and fees, and your outstanding mortgage.

What closing costs do sellers pay?

Sellers can typically expect to pay real estate agent commissions, recording and reconveyance fees, title insurance, and title transfer tax. Your remaining mortgage balance is not a cost, but it is also paid off out of the proceeds at closing.

How can I increase my net proceeds?

The sale price is your biggest lever; the mortgage payoff is fixed. Price the home right, prepare it well, and work with a listing agent with a track record of strong sale prices in your area. Cutting commission helps only if it does not cost you more on the sale price than it saves.