Calculate Net Proceeds | Bowes Real Estate
 
 

Calculating Net Proceeds

                              

CALCULATING NET PROCEEDS (for sellers)

In considering an offer, your BOWES Real Living Real Estate Sales Representative will give you an estimate of net proceeds showing how much cash you’ll receive at settlement. An offer that looks good on its face may have hidden costs. For example, when you're presented with two offers at once, you may discover you're better off accepting the one with the lower sale price, it all depends what is included in the total package such as appliances etc.

Some of the expenses to anticipate are:

  • Payoff amount on present mortgage
  • ​Any other liens (equity loan, judgments) 
  • ​Broker's commission  
  • ​Legal costs of selling (attorney) 
  • Land Transfer Taxes  
  • Unpaid property taxes and water bills  
  • If required by the contract: cost of survey, termite inspection, buyer's closing costs, repairs, etc.