Home Sale Proceeds Calculator | Calculate Net Proceeds After Mortgage Payoff
Home Sale Calculator FAQs
Home Proceed Calculator Definitions
Home Sales Price: The home sales price refers to the monetary value at which a residential property is sold. It represents the agreed-upon amount between the seller and buyer for the transfer of ownership of the home.
Home Mortgage Payoff: a home mortgage payoff refers to the complete repayment of the outstanding balance on a mortgage loan, resulting in the ownership of the property free and clear of any debt.
Realtor Fee: is a commission paid to a real estate agent for their services in facilitating the buying or selling of a property.
Home Closing Costs: home closing costs are the expenses paid by the buyer or seller during the final stages of a real estate transaction, including fees for services, taxes, real estate agents, and insurance.
Seller Concessions: sellers concessions refer to an agreement in which the seller agrees to pay a portion of the buyer’s closing costs, attorney fees, transfer tax, notary fee, home inspection, home improvements & repairs, excise tax, property taxes, or other expenses associated with the purchase of a property.
Home Staging: home staging is the process of preparing and presenting a property for sale in order to maximize its appeal to potential buyers.
Moving Costs: refer to the expenses incurred when relocating belongings from one location to another.
Home Net Proceeds: refers to the final amount of money homeowners or a seller profits after deducting all expenses, second mortgage, fees, and outstanding debts from the sale of their home.
Cost to Sell: refers to the expenses incurred by the seller in the process of selling a home, including real estate agent commissions, closing costs, and any repairs or improvements necessary to prepare the property for sale.
Home Equity: Home equity refers to the current market value of a homeowner’s property minus any outstanding mortgage balance, or remaining mortgage payoff.
Real Estate Transfer Tax: A real estate transfer tax is a fee imposed by local or state governments on the transfer of property ownership from one party to another.
Prorated:Prorated refers to the proportional distribution or allocation of something based on a specific period of time or usage.
Capital Gains: Capital gains tax in reference to a home sale refers to the profit made from selling a property at a higher price than its original purchase price.