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
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Veronica comes from a family of real estate investors. She is passionate about helping clients create wealth, build a legacy, and design a dream lifestyle through real estate.
What makes Veronica stand out from other realtors is her financial background. With an MBA in Finance from The Wharton School and a bachelor’s degree in Economics from Northwestern University, she does not run from the numbers. She spent over a decade running financial models to help her employers evaluate projects and products. This skill allows her to simplify the bottom line for a homeowner or forecast the return on investment for a developer.
Veronica is a licensed realtor in PA. Veronica helps her clients buy, sell, invest in real estate in the following neighborhoods in the Philadelphia metro area: Cedar Park, Chester, Cobbs Creek, Darby, Drexel Hill, Germantown, Kingsessing, Lansdowne, Marcus Hook, Overbrook, Overbrook Farms, Sharon Hill, University City, Yeadon, and Upper Darby. Her company also provides property management services for single-family homes and small apartment buildings in the area.