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How can the Home Sale Proceeds Calculator help you? Set the sale price right: A Home Sale Proceeds Calculator can help you determine how much money will finally land in your pocket after the sale of the property. By using a calculator, you can get clarity on how you should price your home for sale.
Estimate net proceeds on the sale of your home with Zillow’s simple home sale calculator.
How much will you make on your home sale? Calculate your net proceeds with Opendoor's home sale calculator - after deducting the costs of selling your home.
- Home Sale Calculator
- How to Calculate Your Home Sale Proceeds
- Breaking Down The Cost of Selling A House
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How this calculator works
You can adjust the numbers in our home sale calculator based on variables like: 1. Your estimated sale price 2. Additional selling costs (like moving) 3. Realtor fees Use our other calculators to drill down on specific costs for selling👇 Real estate commission | Closing costs | Capital gains | Mortgage payoff
Realtor commission
Real estate agents typically charge 5-6% of the sale price to sell your home. Realtor commissionis usually split between the: 1. Buyer’s agent (1.5%) 2. Buyer’s broker (1.5%) 3. Listing agent (1.5%) 4. Listing agent’s broker (1.5%) *Assumes a total 6% commission a 50/50 split between each agent and their broker. In other words, when $18,000 (6%) is deducted from your $300,000 home sale at closing, your agent only walks away with about a quarter of it (roughly $4,500, in this scenario).
Closing costs
Seller closing costs range from 1-3% of the final sale price. Some of these costs can be negotiated, but typically seller closing costs include: 1. Prorated property taxes— The remaining portion of property taxes that you owe in the calendar year may be due at the time of the sale. 2. Title fees— Fees for changing the ownership on the property’s title. 3. Transfer taxes — Taxes that some counties/municipalities charge for transferring ownership of a residential property.
Capital gains taxes
Capital gain occurs when you make a profit from the sale of your home. Use our capital gains calculator to figure out what your gain might be. The total tax on the gain depends on your marginal tax rate, and whether or not you qualify for the $250,000 or $500,000 exemption based on two years or more of residency. (see above) We’re not tax professionals, but we recommend speaking with one if you have any questions about your tax situation!
Get a lower commission rate
Most people pay 5-6% commission (2.5-3% per side) without realizing that realtor commissions can be negotiated. As a home seller, it’s difficult to negotiate buyer’s agent commission — sellers usually offer a standard rate in your area, but you can negotiate realtor fees with your listing agent. Local agents might not agree to reduce their listing fee for you, but a reduction of even 1% could save you thousands of dollars. We pre-negotiate a reduced commission with top agents from well-known...
Don’t sell before 2 years
If possible, you should wait to sell until you’ve owned your home for at least two years. Life circumstances might force you to sell, but selling before the two-year mark will result in a steep capital gains tax that could affect your profits. Thanks to the IRS’s Section 121 exemption, it’s unlikely that you’ll have to pay any capital gains taxes. The exemption makes that first $250,000 gain tax free, or the first $500,000 if you’re married and filing jointly. » READ: Selling a House Before T...
Build more equity in your home
You’ll net more money from your home sale by continuing to pay off your mortgage. That’s because the more of your debt that you pay off, the more of the home you actually own — a concept called “equity”. Home equity represents the dollar amount of how much of your home you own once your current mortgage balance is factored out. Home equity = Current home value – current mortgage balance For example, if Susan’s house is currently worth $350k and she’s got $100k left on her mortgage, her equity...
Internal Revenue Service. ‘Topic No. 701: Sale of Your Home.’ Jan. 24, 2022. https://www.irs.gov/taxtopics/tc701National Association of Realtors. ‘NAR Reaches Agreement to Resolve Nationwide Claims Brought by Home Sellers.’ March 2024. https://www.nar.realtor/newsroom/nar-reaches-agreement-to-resolve-nationw...Consumer Financial Protection Bureau. ‘Know Your Rights: Your Mortgage Servicer Must Comply with Federal Rules.’ Sept. 2020. https://files.consumerfinance.gov/f/documents/cfpb_know_your_rights_mort...Remodeling Magazine. ‘2022 Cost vs. Value Report.’ https://www.remodeling.hw.net/cost-vs-value/2022/How Much Does it Cost to Sell a House? True Costs Revealed. Learn more about the hidden costs of selling,and how you can save when you’re ready to list your home. What Companies Offer the Lowest Real Estate Commission Fees?We break down the best low commission services in real estate. Learn where to go to save money on realtor commissions without c...
Estimate your net proceeds with Orchard’s free home sale calculator. This is how much you’ll make from selling your house, minus fees and related-costs.
- Orchard’s home valuations are 25% more accurate than other leading estimates. First, we account for each detail you shared about your home's qualit...
- We’re a new type of real estate company that’s a great match for anyone looking for a stress-free and simple way to buy and sell, even at the same...
- Yes, Orchard is a licensed broker entity with licensed real estate agents. Our agents have years of real estate experience in our local markets and...
- Orchard is a great match for anyone looking for a stress-free and simple way to buy and sell. We work with individuals who are buying and selling,...
- We currently serve customers selling in the following metropolitan areas:Atlanta, GAAustin, TXDallas-Fort Worth, TXDenver, COHouston, TXSan Antonio...
- Orchard’s Concierge service helps you get your home show-ready so it can attract more buyers and sell faster. Our team will recommend repairs, upgr...
Aug 15, 2022 · Want to know how much you’ll get when you sell your home? Use our free home sales proceed calculator to get an estimate.
People also ask
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Definitions. Estimated closing date. The estimated date that the actual home sale will take place. This date is used to determine the final interest due on any mortgages and any pro-rated homeowner's insurance and property taxes. Sale price. Price that will be paid for the home. This is the actual price of the home before any fees or expenses.
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related to: How does a home sale calculator work?Calculate Your Home's Estimated Market Valuation by Comparing the 5 Top Estimates Now!
