Calculating Your Bottom Line
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How much will you make on your home sale? To calculate your bottom line, you will need to account for the cost of preparing your home, the cost of selling your home and the cost of moving
Here is a quick guide to calculate your net proceeds.
Calculate Your Bottom Line
Net proceeds are the total dollar you will receive from the sale of your home after accounting for all expenses. As part of our Free Home Value Estimate, we will help you calculate your bottomline.
Step 1: Add up the following cost categories:
- Cost of Preparing your Home for the Market
- Cost of Selling your home
- Moving Cost
Here is a checklist of what to account for in each of these categories.
Preparation Cost:
- Preparation (Paint, ...)
- Staging
- Home repairs
Cost of Selling:
- Seller Concessions (After Inspection)
- Real Estate Agent Commissions
- Transfer or Excise Tax
- Attorney Closing fees
- Outstanding mortgage balance
- Properties Liens
Moving Cost:
- Temporary Housing
- Home repairs
Step 2: Calculate Your Bottom Line
Susbtract the total cost of selling from the final sale price of your property. This is also called Net Proceeds.
