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If you’re selling your home, the best way to estimate your net proceeds would be to fill out a form commonly called the “Estimated Seller’s Proceeds”. Your listing agent can review it and guide you through the process.
Basically, you start with your estimated sales price; I say 'estimated' because we don’t know for what price it will finally be sold. Usually, sellers calculate their net proceeds for three different price ranges, so they have a bigger picture of financial possibilities.
Let’s say that the estimated selling price is $900,000. From that, we deduct items such as Title Insurance, transfer taxes, termite work, required fees for documents and certifications plus brokers’ commissions. The total number of deductions to fill in is somewhere between 15 and 20, and this will give you the net proceeds from the sale. For example, after deducting all of your expenses, your balance is $832,500. From that total, subtract what you owe on the property. Always check with your lender to make sure there are no hidden fees like pre-payment penalties, etc. If you owe $325,000, then deduct that amount, and your net profit from the sale of your home shows to be $507,500.