Friday - July 25th 2008  
| For Sellers Home | Setting a Price | Net Proceeds | Ready For Sale? |  
 
Michelle Blanchard
Realty Executives

24106 Lyons Ave
Santa Clarita, CA 91321

Direct: 661-904-5703
Voice Mail: 661-286-8610 x3319
Fax: 661-259-6490
 
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 Estimating Net Proceeds
Once you've been given an estimate of market value, you can get a rough idea of how much cash you might walk away with when the sale is completed. This can be particularly useful as you start looking for another home to buy.

From the estimated sales price, subtract:

  • Payoff figure on your present loan(s)
  • Broker's commission
  • Any prepayment penalty on your mortgage
  • Attorney's fees, if any
  • Unpaid property taxes

In addition, I can tell you whether local customs or rules expects the buyer or seller to pay for the following items:

  • Title insurance premium
  • Transfer taxes
  • Survey fees
  • Inspections and repairs for termites and the like
  • Recording fees
  • Homeowner Association transfer fees and document preparation
  • Home protection plan
  • Natural hazard disclosure report

As far as closing costs are concerned, you and your eventual buyer may agree on any arrangement that suits you, no matter what local practice dictates. Your REALTORŪ will assist you in estimating what your final closing costs will be. It is difficult to predict what the exact closing costs will be when you negotiate with a particular buyer.

 
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