Estimated Selling Price
You can enter what you think the estimated sales price for your home might be into our home sale calculator. If you would like to know what your might be worth, you can enter your address below to see the best improvements for your home and a more accurate home valuation. 100% free and no email required.
Estimated Home Sale Proceeds
How much you can make from the sales of your home is calculated by taking your estimated selling price, and then subtracting your mortgage balance and total closing costs.
Real Estate Agent Commission
The seller pays the commission to their listing agent and the buyer's agent. The total amount is usually split evenly between the both of them.
Outstanding Mortgage Balance
When you sell your home, your mortgage balance will be paid from your home sale proceeds. To get the most accurate number, you can look on your most recent mortgage statement or call your lender and ask them for a payoff amount.
A requirement of the seller's closing costs is title insurance. When you pay title insurance you're paying for the buyer's title insurance policy, which protects them from any liens, any competing claims of someone else saying they have an ownership interest, etc. If getting financing, the buyer is also required to purchase title insurance, but this policy is a policy that protects their lender from the same potential circumstances.
The escrow company is the neutral third party in a real estate transaction. They handle the exchange of money and any necessary documents related to the transaction. The costs charged to the seller are the fees for the services provided by the escrow company.
Real Estate Transfer Tax
Depending on the city and county you're located in, you may have a property transfer tax that you need to pay. Most counties have a transfer tax, which is paid by the seller, but not all cities have a real estate city transfer tax.
These fees can include a recording fee, a notary fee, inspection fees, homeowners association fees (if you have a HOA), and any other fees that you might be required to pay.
Instantly see which improvements (no upfront cost!) will make you more money when selling.