Discover the true cost of real estate commissions and other closing fees when selling your home. Our free online calculator helps homeowners estimate their net proceeds from a home sale, factoring in agent commissions, closing costs, and potential repair credits. Understand your financial outcome before you sell.
Formula:
The calculation for estimating your net proceeds involves several key factors:
- Total Commission Cost = Sale Price × (Buyer Agent Rate + Seller Agent Rate)
- Net Proceeds to Seller = Sale Price - Total Commission Cost - Other Closing Costs - Seller Concessions
Where:
- Sale Price: The final agreed-upon selling price of your property.
- Buyer Agent Rate: The commission percentage paid to the agent representing the buyer.
- Seller Agent Rate: The commission percentage paid to your listing agent.
- Other Closing Costs: Additional seller-paid expenses at closing, such as title insurance, escrow fees, and transfer taxes.
- Seller Concessions: Any credits or repair costs the seller agrees to cover for the buyer.