Cost to Sell Your Home
by Rebecca Wolfe Spratlin
When homeowners are considering selling their homes, it needs to make financial sense to them. Most people have a pretty good idea of the equity they have in their homes, but they usually don’t understand the actual costs involved in selling their homes and how to calculate the amount of money they will walk away with after closing and funding. To help understand townhomes and other types of residential dwellings), see the chart and notes below:
Once you determine the estimated sale price, you can calculate Estimated Net Proceeds with placeholders for the variables that will be negotiated with the Seller. Once under contract, and after any repairs costs are finalized, another Estimated Net Proceeds can be calculated with all the known variables filled in. Right before closing, the Title Company with send out the final closing documents.