Most sellers want to know the answer to this question…how much money will I walk away with after I sell?

Each transaction is different and may have different costs to factor in but generally speaking, these are the items that will be taken out of the sale.

• Title Fees
• Prorated Property Taxes
• Misc Fees like Digital Doc, Wire fee for mortgage payoff, E-Recording
• Real Estate Agent Commissions
• Title Insurance Policy
• Prorated HOA Fees if applicable
• Seller paid buyer’s closing costs if applicable

Although the market does not care how much money you walk away with when you close, most sellers like having an idea of how much or if they will actually need to bring money to the closing.  It is not common to have to bring a check to closing when selling a property but depending on your mortgage and the market, sometimes that could occur.  

I have a very helpful Excel document that you can easily plug in a couple numbers and it will automatically calculate what you will net.  I embedded an image of it below but if you’d like to plug in numbers and see calculations for your situation, just send me an email at [email protected] and I’ll send you the actual copy.

Happy number crunching!!