How Much Will I Make Selling My House?
When someone decides to sell their home, they usually want to know how much profit they will make from the sale. There is not a standard, the simple answer to this question, there are several factors that determine what the seller will make from the sale.
Factors that will affect the amount you end up with once the sale is done include the amount you still owe on the mortgage and the amount you owe the realtors for their services. Other items to consider, are if you have a second mortgage, a home equity loan, or a line of credit on the property that will need to be paid off when you sell your home.
When selling a home, you are still responsible for paying the interest on your outstanding mortgage balance from the date of your last payment until the date of sale. Property taxes are also the responsibility of the seller, up until the date of the sale. A transfer tax may also be required by local governments once the home is sold. Of course, some incidentals concessions can take away from your profit as well.
Ashford Realty Group offers a free consultation where they will provide a seller with an Estimated Net Proceeds worksheet for the seller's circumstances. Their real estate professional will guide the seller through various options that are available to them, not just options that Ashford Realty offers.
An example of the Estimated Net Proceeds worksheet that Ashford Realty Group provides can be seen below:
Estimated Net Proceeds Example
Each column represents an offer that was received and the calculated net proceeds for the seller based on the terms in the offer that was submitted. During the free consultation, our experienced and knowledgeable realtors would be able to come up with realistic examples to present to the seller based on the market, the home, and the seller’s circumstances so that they are realistically prepared for what will come and the money they would make in the sale of their home
The Estimated Net Proceeds worksheet clearly shows how each factor affected the net proceeds of the seller. Ashford Realty Group's experts will help sellers with each step in the process to guide them in making the best decision for them.