Ask a REALTOR®: 30 Common Real Estate Questions Answered in 30 Days: Question 10: How much of the sale price do I actually get to keep?

Understanding Home Sale Proceeds: How Much Do Sellers Keep?—Real Estate Q&A

Meta Description: Discover how much sellers keep from home sale proceeds in our Day 10 Real Estate Q&A. Learn about deductions for realtor commissions, taxes, outstanding mortgage balances, and covering buyer’s closing costs. Get insights into maximizing your net proceeds and preparing for a smooth closing.

Welcome back to Day 10 of our real estate question series! Today’s topic delves into an important financial aspect for sellers:

Question 10: How much of the sale price do I actually get to keep?

The amount you keep from selling your home varies but generally falls between 90–92% of the sale price. This includes 5–6% for realtor commissions and 2–4% for taxes and fees.

Several factors can affect the amount you receive:

• Outstanding mortgage balance reduces your proceeds.
• Covering buyer’s closing costs can further decrease your net proceeds.
• Buyer’s closing costs typically add 2–5% to the sale price, though this is less common in seller’s markets.

On closing day, the closing agent will disburse funds to all involved parties and provide you with your net proceeds via check or wire transfer.

Tomorrow, we’ll discuss money-saving tips for selling your home. For any further questions or assistance with buying or selling your home, feel free to contact me at 405.401.0099 or visit https://daveparker.sites.c21.homes.

Wishing you a productive day until our next discussion!

For full text, visit video on our YouTube Playlist: https://www.youtube.com/playlist?list=PLOrIAsa07BvxMX7230jW_xOrrLzrBxPt0

Dave Parker, REALTOR®, License #204189, Phone (405) 401-0099.

Century 21 Judge Fite, 1220 S. Santa Fe, Edmond, OK 73003, Broker #154475. Contact (405) 359-7400. Email: Dave@mrdaverealty.com.

Website: https://daveparker.sites.c21.homes

Questions courtesy of Clever.com

KEYWORDS:

• Home sale proceeds
• Seller net proceeds
• Sale price breakdown
• Realtor commissions impact
• Taxes and fees deduction
• Outstanding mortgage balance effect
• Buyer’s closing costs influence
• Financial considerations in home selling
• Net proceeds calculation
• Maximizing home sale profits

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