What’s My Net Profit?

This is the most important detail in the sale of a home, but often times it can be overlooked. Much attention is focused on what it will cost you to sell your home, often times the “NET PROFIT” can be overlooked. Team480 will sit down with you prior to putting your home on the market and share with you a “settlement statement” showing you the fees involved with selling your home and the net profit you can expect when you sell your home for an agreed upon price.

Then when you receive an offer, Team480 will help you to determine what you’ll net at the close of escrow. In order to do this, we will look over the terms of the contract, as well as ownership information, such as your mortgage payoff, and insurance and/or tax prorations. To find out how much money you’ll net from the sale of your house, add up your closing costs and subtract from the sale price of your house. Here is a list of closing costs that you may incur as a seller:

  1. Mortgage Payoff
  2. Prorations for Taxes
  3. Prorations for Association Dues / Utility Dues
  4. Escrow Fees
  5. Title Policy Fees
  6. Home Warranty
  7. Survey Charge
  8. Septic / Well Certification
  9. Brokerage Fees
  10. Seller Contribution (if applicable)
  11. HOA Transfer Fees

We will review these costs with you, and determine approximately what you can expect to net at closing.