Estimated net proceeds
–What a seller net sheet shows
A net sheet is the bottom line of a home sale: the price minus everything that gets paid out at closing. The biggest pieces are usually the mortgage payoff and agent commissions, followed by closing costs such as title, escrow and transfer taxes.
Commission rules changed in August 2024. Sellers still pay their own listing agent, but paying the buyer's agent is now a negotiation rather than a given, which is why they are separate here. Curious what homes sell for near you? See prices and days on market for every county.
Questions people ask
How much will I make selling my house?
Start with the sale price, then subtract your mortgage payoff, agent commissions, closing costs and anything you agree to pay for the buyer, such as repairs or closing-cost credits. What is left is your net proceeds, before any taxes on the gain.
Does the seller pay the buyer's agent?
Not automatically anymore. Since the 2024 National Association of Realtors settlement, buyers sign their own agreement with their agent. Many sellers still offer to cover the buyer's agent to attract offers, but it is negotiable, so this calculator lets you set it anywhere from 0% up.
What closing costs does a seller pay?
Typically title insurance for the buyer (in many states), escrow or settlement fees, recording fees and any state or local transfer tax. Together they often run about 1 to 3% of the price, but transfer taxes vary widely by state, county and city. Your title company can give you the exact figure.
Do I pay tax on the money from selling my home?
If it was your main home for 2 of the last 5 years, the federal exclusion usually covers up to $250,000 of profit for single filers and $500,000 for married couples filing jointly. Talk to a tax professional about your situation.
What are seller concessions?
Money you agree to give the buyer at closing, often to cover part of their closing costs or a repair found during inspection. It comes straight out of your proceeds.
Estimates for information only. Actual costs depend on your contract, lender, title company and local taxes. Not legal, tax or financial advice.