How do I calculate my net proceeds from the sale?
By Bob Millaway, South Jersey Community Expert & REALTOR®
Start with the expected sale price, then subtract the mortgage payoff, real estate commission, closing costs, transfer taxes, attorney fees, and any seller concessions you offered. Your agent will provide a net proceeds statement before you list. Typical seller closing costs in New Jersey range from 6 to 10 percent of the sale price including commission. A clear estimate helps you plan your next move.
Why It Matters
Knowing your net proceeds tells you exactly how much cash you will walk away with for your next home purchase or other goals.
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