Your sale price is an important number, but it does not tell you how much money will be available after closing. A realistic proceeds estimate gives your next move a firmer financial starting point.
Start with the payoff
The amount required to pay off your mortgage can differ from the balance shown on a statement. Ask the closing team to obtain current payoff figures, including any other loans secured by the property.
Include the agreed costs
Allow for negotiated brokerage compensation, seller credits, and applicable closing charges. Add tax or association adjustments based on the agreement and the closing team’s calculations.
Update the estimate
A net sheet is a planning estimate that changes as terms and dates change. Compare it with the final settlement figures and ask about any differences before signing.
Why it matters
An accurate estimate helps you plan a down payment, moving expenses, and money to retain afterward. Potential income taxes on a sale require a separate discussion with your tax adviser.
Next step
Before choosing a target sale price, we can prepare a preliminary proceeds estimate. As offers arrive, I can help compare them using updated figures.
