When it comes to selling your home, it’s easy to get caught up in the excitement of a headline-grabbing list price. But smart sellers know that the number that really matters isn’t what your home is listed for — it’s what you actually walk away with after the deal is done.
Your Net Proceeds = Sale Price – (Remaining Mortgage + Closing Costs + Commissions + Repairs + Moving Expenses)
In other words, your net proceeds are what you’ll deposit into your bank account after all selling-related expenses are covered. And understanding this number upfront can mean the difference between a smooth sale and a stressful one.
How to Maximize Your Net Proceeds
If you want to keep more of your hard-earned equity, here’s where to focus:
1. Start With a Detailed Net Sheet
Before setting your list price, work with your real estate agent to create a net sheet that outlines all estimated expenses. This simple step gives you a clear picture of what you can expect to earn, helping you make smarter pricing decisions from the start.
2. Consider Pre-Listing Improvements Strategically
Sometimes investing in a few high-impact upgrades before listing can prevent bigger price reductions later. Fresh paint, minor repairs, and curb appeal enhancements often pay for themselves by helping you sell faster and for more money.
3. Understand How Timing Affects Property Tax Prorations
Depending on when you close, you may owe (or be credited) a portion of the year’s property taxes. Knowing how timing impacts these costs can help you plan your move — and your finances — more effectively.
4. Review Your Settlement Service Options
Not all title companies, closing attorneys, and service providers charge the same fees. Comparing options can sometimes save you hundreds (or even thousands) of dollars in closing costs.
5. Plan for the Tax Implications
If you’ve made a significant gain on your home sale, you may owe capital gains taxes — but you might also qualify for exclusions depending on how long you’ve owned and lived in the property. Consulting with a tax professional before you sell can help you avoid surprises at tax time.
At Sage & Cedar Real Estate, we believe your success as a seller isn’t measured by a flashy list price — it’s measured by what you actually take home. If you’re curious about what selling your home could look like for you, we’re happy to prepare a personalized net proceeds estimate.
Connect with us today (here)— let’s focus on the number that truly matters: your bottom line.