Seller Net Proceeds Calculator
Calculate Net Proceeds
Formula
Net Proceeds = Sale Price - Mortgage Payoff - Agent Commission - Closing Costs - Transfer Tax - Title Insurance - Repairs - Improvements
Frequently Asked Questions
What costs do sellers pay when selling a home?
Major seller costs include: real estate agent commissions (3-6%), closing costs (1-3%), transfer taxes, title insurance, any agreed-upon repair credits, and mortgage payoff. Total selling costs typically range from 7-10% of the sale price.
Do I have to pay capital gains tax on my home sale?
If you lived in the home as your primary residence for at least 2 of the past 5 years, you can exclude up to $250,000 in profit (single) or $500,000 (married filing jointly) from capital gains tax. Profits above these thresholds are taxed at long-term capital gains rates (15-20%).
What are seller concessions?
Seller concessions are costs the seller agrees to cover for the buyer, such as paying for repairs, contributing to the buyer's closing costs, or offering credits. These reduce your net proceeds but can help close the deal and sometimes achieve a higher sale price.