Determining Your Net Proceeds
How To Determine Your Net Proceeds When Selling A House
Selling your home is an exciting milestone, but it’s essential to understand how much you’ll actually walk away with after closing. Your net proceeds are the amount you receive from the sale after deducting all associated costs. By estimating these expenses upfront, you can make informed financial decisions and plan your next steps with confidence.
Several factors influence your net proceeds, including your home’s final sale price, outstanding mortgage balance, closing costs, agent commissions, and any seller concessions agreed upon during negotiations. Additional costs, such as property taxes, homeowners association (HOA) fees, and potential repairs or improvements, may also impact your final payout.
To get a clear picture of your expected net proceeds, it’s helpful to work with a real estate professional who can provide a detailed breakdown of costs based on your specific situation. By preparing in advance, you can set realistic expectations, avoid surprises, and confidently move forward with your next real estate goals.
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Frequently Asked Questions
Here are some of the common questions we hear from our customers.
BUYING RELATED QUESTIONS
How do I know if I’m ready to buy a home?
If you have stable finances, a clear idea of your needs, and are ready to settle in one location, you might be ready to buy. Brian can help you evaluate your readiness.
What is the first step in the home-buying process?
Getting pre-approved for a mortgage is a great place to start. It helps you understand your budget and shows sellers you're serious.
How much do I need for a down payment?
The amount varies, but many buyers put down 5%–20%. Some loan programs require even less. Brian can connect you with trusted lenders to explore your options.
What should I look for during a home tour?
Pay attention to layout, condition, and location. Consider future needs and potential red flags. Brian will help you identify key factors and ask the right questions.
Do I need a home inspection?
Absolutely. A home inspection helps uncover potential issues before you buy, giving you peace of mind or negotiation power.
SELLING RELATED QUESTIONS
How do I determine my home’s market value?
Brian offers a free comparative market analysis (CMA) to help you understand your home’s current value based on market trends and recent sales.
How long does it take to sell a home?
Timing varies depending on the market, pricing, and location. On average, homes in Paducah sell in 4 - 12 days. Brian and the team works to streamline the process and attract the right buyers quickly
What steps should I take to prepare my home for sale?
Declutter, clean, and make minor repairs. Brian also offers guidance on staging and professional photography to showcase your home at its best.
What costs should I expect when selling my home?
Typical costs include agent commissions, closing fees, and potential repair costs. Brian will provide a clear breakdown so there are no surprises.
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