| |
s e l l i n g p r o p e r t y
Estimating Your Net Proceeds
Once your agent has helped you figure out the market value of your
home, you are ready to calculate how much cash you'll actually receive
when your home is sold. You'll need this information, if you are
buying another home.
From the estimated sales price, subtract:
- Payoff figure on your present loan(s);
- Estate Agent's commission;
- Any mortgage prepayment penalty;
- Solicitor's fees, if any; and
- Unpaid tax;
- Survey fees;
- Title insurance premium;
- Inspections and repairs
|
|