No Comments

How to Figure out the Net Proceeds after Selling Your Home

Are you clear on your potential bottom line if you decide to sell your house? It is a good idea to understand your net proceeds before you sell your house to avoid surprises near the closing date.

In this video, I will break down how to figure out how you will make after selling your house. We will review the major line items included in closing costs to calculate your net proceeds.

[0:00] Intro and overview of understanding your net proceeds
[1:33] Starting with the final sales price
[2:32] Subtracting outstanding mortgage balance
[3:20] Why it is best to learn about outstanding liens early
[4:35] What paying the broker’s commission covers
[6:00] How are transfer taxes calculated
[7:12] Wrap up to maximize your bottom line

Comments (0)