How to determine what you’ll make on your home sale

In the first quarter of 2021, sellers raked in an average profit of $70,050 on the sale of their homes, up 26% year-over-year. If you’re thinking about selling in 2022 and wondering where you’d come in, here’s how to estimate your proceeds:⁣

Take your home sale price (the price a buyer has agreed to pay you for your home) and subtract:⁣

Fees paid to the agents. Keep in mind the seller pays the commission for both the buyer’s agent and the seller’s agent (typically 6% of the home sale).⁣
Cleaning and staging costs.⁣
Costs of home repairs and upgrades.⁣
Seller concessions you agree to offer buyer (home warranty or closing costs).⁣
Moving expenses.⁣
Closing costs (title insurance, transfer tax, and escrow money).⁣
Mortgage payoff amount.⁣

Got your number? Feeling inspired and wanna talk more? Send me a DM and I’ll be in touch!⁣

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