How Much Will I Get When I Sell My House?

When you consider selling your house, it is easy to understand that you want to know how much money you could receive after closing. The cash you receive from the sale of the home is called the sales proceeds. It is essential to be aware of different factors that can affect your sale proceeds, including:

#1. Seller’s Agent and Buyer’s Agent Commissions

If you use a real estate agent to sell your house, you must pay the total commission for your seller’s agent and the buyer’s agent. 

#2. Property Taxes

You will need to pre-pay all property taxes for the current year up to the date of closing. 

#3. Outstanding Mortgage Balance

You have to pay off your outstanding mortgage balance, so the title is free and clear to transfer to the new owner. 

#4. Title Insurance

Typically the seller pays for title insurance when selling a home, paid at closing. 

#5. Seller Concessions

If you made any concessions to the buyer, you have to use your sales proceeds to cover these additional closing costs. For example, you may have agreed to pay the buyer’s inspection fees, appraisal fees, or loan origination fees. 

#6. Homeowners Association Fees

If you have an HOA, you will need to pay your part of the HOA fees up to the closing date. 

#7. Tax Liens

If you have any tax liens on your house, these will have to be paid off at closing and are deducted from your sales proceeds. 

#8. Mortgage Points

If you agreed to purchase mortgage points for the buyer to reduce their mortgage interest rate, you will pay for the points at closing.         

#9. Staging Costs

Any money you spent to stage the home to attract potential buyers should be deducted, as it is another cost of selling a house. 

#10. Repair Expenses

Any money you spend to make repairs to your home to make it sale-ready is another expense deducted to determine your net proceeds. 

#11. Capital Gains Taxes

If you do not reinvest the proceeds from the sale of your home, you may have to pay capital gains taxes when you file your tax return. 

#12. Home Equity

Home equity is the percentage of the house’s value that you own when you have a mortgage. The smaller the percentage, the less your proceeds will be. 

How to Maximize Your Home Sale Proceeds

When calculating the net proceeds from your home sales price, several factors will reduce how much you receive at closing. However, there are several things you can do to maximize your home sale proceeds. 

Sell Your House Yourself

You can eliminate real estate agent commissions by selling the house as a “for sale by owner” listing. 

Sell Your Home to a Cash Buyer

When you sell your house for cash, you can cut out several of the factors that reduce your sales proceeds, including:

• No Staging
• No Repairs
• Sell “As-Is”
• No Seller’s Concessions
• No Real Estate Agent Commissions
• No Mortgage Points

How Do I Find a Cash Buyer?

The quickest and easiest way to find a cash investor to sell your home in “as-is” condition is to use 800CashToday. We eliminate many of the costs, fees, and expenses of selling a home that reduce your sales proceeds. 

How Do I Sell My Home for Cash through 800CashToday?

1. Fill out our secure, short contact form.
2. Be contacted by our local buyer. They may ask you questions about your home or request to schedule a property walkthrough.
3. Receive your cash offer shortly thereafter.
4. Accept the cash offer or not. You are never under any obligation to proceed with the sale.

Should you decide to move forward with the cash offer, you could receive up to a $10,000 cash advance before closing and free local moving, choose your move-out date, and receive free credit repair. 

Find out how much you can get when you sell your house for cash at 800CashToday. If you have further questions, please feel free to contact us at 1-800-CASH-TODAY.