<\/p>\n Selling a home is an exciting milestone, but it\u2019s not just about finding a buyer and signing the paperwork. The financial side of the transaction plays a big role in determining how much you\u2019ll actually walk away with.<\/p>\n One common mistake sellers make is overestimating their home\u2019s value while underestimating the costs associated with selling. From closing fees to other expenses, these costs can significantly impact your bottom line. That\u2019s why it\u2019s important to determine your home\u2019s market value and the total costs of selling a home before doing so. This guide will walk you through the process step-by-step, helping you calculate how much money you\u2019ll keep after the sale.<\/p>\n Before officially deciding to sell their home most homeowners want to know how they\u2019ll net after the sale. The first step in figuring that out is determining your home\u2019s value and what it would realistically sell for in today\u2019s market. There are several ways to estimate your home\u2019s worth and get an idea of what a buyer \u201cmight\u201d be willing to pay. Here are the most common methods.<\/p>\n A Comparative Market Analysis<\/a> is an evaluation conducted by a real estate agent to estimate your home\u2019s value based on recent sales of similar properties. To create a CMA, the agent collects data on recently sold homes\u2014often referred to as \u201ccomps\u201d (comparable properties)\u2014that closely match your property. The homes used for comparison typically share the following characteristics:<\/p>\n Once the agent gathers data on comparable sales, adjustments are made to account for any differences. For example, if a recently sold home has a pool but the subject property does not, the agent will deduct the value accordingly. While a CMA doesn\u2019t offer an exact figure, it provides a well-informed estimate of what your home could potentially sell for in the current market.<\/p>\n A home appraisal<\/a> is an independent assessment conducted by a licensed real estate appraiser to determine the value of a property. This is typically required by mortgage lenders during the home-buying process to ensure that the home is worth the amount being financed. However, homeowners may also choose to get an appraisal before selling to gain an accurate understanding of their home\u2019s value.<\/p>\n Once the evaluation is complete, the appraiser provides a detailed written report with the home\u2019s \u201cappraised value.\u201d Unlike a Comparative Market Analysis<\/a> (CMA) prepared by a real estate agent, an appraisal is a legally recognized, unbiased valuation used to protect both buyers and lenders in a transaction. One thing to keep in mind though is appraisals are considered an \u201cart,\u201d not a \u201cscience.\u201d So no two appraisals will be the same and the appraised values could greatly vary.<\/p>\n Many homeowners turn to websites like Zillow to use their online home valuation tools to estimate their home\u2019s worth. However, relying on these tools is one of the least accurate ways to determine your home\u2019s value. These websites use broad area averaging to come up with a number, but they don\u2019t take into account the unique details of your property. They\u2019ve never seen your home, its upgrades, or its condition.<\/p>\n For example, if most homes in your neighborhood have a pool but yours doesn\u2019t, the online tool will likely calculate your value as though you have a pool, which could result in an overestimated value. On the other hand, if your home has been completely renovated inside and out while your neighbor\u2019s property, though similar in size and location, has not been updated since the 1970s, the valuation tool will still treat them as comparable, which isn\u2019t accurate and could underestime the value.<\/p>\n For these reasons, I would not recommend using these tools to determine your home\u2019s value. They can provide a rough estimate for the area, but they don\u2019t account for the specific features and improvements that make your home unique.<\/p>\n <\/a><\/p>\n While CMAs and home appraisals can offer a good estimate of what your home may sell for, the pricing provided isn\u2019t guaranteed. The true value ultimately comes down to what a buyer is willing to pay\u2014and what a lender is willing to lend if financing is involved.<\/p>\n That\u2019s right\u2014just because your home appraised for a certain amount doesn\u2019t mean a buyer will pay that price. CMAs and appraisals are based on comparable sales, but the way real estate agents and appraisers select comparables and make adjustments can vary significantly. In fact, if you asked 10 different agents or appraisers to assess your home, you could end up with 10 different values. However, these figures should fall within a reasonable range. If there\u2019s a significant gap between the lowest and highest estimates, it\u2019s worth evaluating why there\u2019s such a large discrepancy.<\/p>\n Once you find a buyer and go under contract, you\u2019ll know your home\u2019s sale price, but that\u2019s not the final amount you\u2019ll take home. To determine your net proceeds, you\u2019ll need to factor in expenses and closing costs.<\/p>\n The next step in figuring out how much money you\u2019ll keep after selling your home is knowing your closing costs<\/a> and expenses. These costs will be deducted from the sale price, determining your final net proceeds. Below are the most common expenses sellers typically pay at closing.<\/p>\n Mortgage Payoff<\/strong><\/big><\/p>\n Real Estate Commissions<\/strong><\/big><\/p>\n Repairs and Pre-Sale Expenses<\/strong><\/big><\/p>\n Capital Gains Tax<\/strong><\/big><\/p>\n Miscellaneous Costs<\/strong><\/big><\/p>\n Net proceeds refer to the amount of money a seller walks away with after all expenses, fees, and closing costs have been deducted from the home\u2019s final sale price. While the sale price might seem like the total amount a seller will receive, various costs must be accounted for before determining the actual profit. So the net proceeds are how much money you\u2019ll keep after a home sale, which could be a gain or loss.<\/p>\n Determining how much money you\u2019ll keep after selling your home involves more than just looking at the sale price. While a CMA or home appraisal can give you an estimate of your home\u2019s value, the final amount you walk away with depends on several factors, including how much a buyer is willing to pay, closing costs, and any outstanding mortgage balance or liens on the property.<\/p>\n By understanding all of these expenses upfront, you can better prepare for the financial side of selling your home and set realistic expectations. Whether you\u2019re selling to maximize profit or to move on to your next chapter, having a clear picture of your net proceeds will eliminate any potential surprises when the sale is finalized. If you\u2019re unsure about the cost to sell a house<\/a>, working with a knowledgeable real estate professional can help you navigate the process and get the most out of your home sale.<\/p>\n Please consider spreading the word and sharing; How Much Money Do You Keep After a Home Sale?<\/em><\/strong><\/p>\n <\/a><\/p>\n Top Wellington Realtor<\/a>,\u00a0Michelle Gibson, wrote:\u00a0\u201cHow Much Money Do You Keep After a Home Sale?\u201d<\/em><\/p>\n Michelle has been specializing in residential real estate since 2001 throughout\u00a0Wellington Florida<\/a>\u00a0and the surrounding area. Whether you\u2019re looking to buy, sell, or rent she will guide you through the entire real estate transaction. If you\u2019re ready to put Michelle\u2019s knowledge and expertise to work for you call or\u00a0e-mail\u00a0her today.<\/p>\n Areas of service include\u00a0Wellington<\/a>,\u00a0Lake Worth<\/a>,\u00a0Royal Palm Beach<\/a>, Boynton Beach, West Palm Beach, Loxahatchee, Greenacres, and more.<\/p>\n How Much Money Do You Keep After a Home Sale? Selling a home is an exciting milestone, but it\u2019s not just about finding a buyer and signing the paperwork. The financial side of the transaction plays a big role in determining how much you\u2019ll actually walk away with. One common mistake sellers make is overestimating […]<\/p>\n","protected":false},"author":1,"featured_media":152116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[99],"tags":[1159,832,1146],"dealstore":[],"offerexpiration":[],"class_list":["post-152115","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-real-estate","tag-home","tag-money","tag-sale"],"yoast_head":"\nHow Much Money Do You Keep After a Home Sale?<\/strong><\/h3>\n
![\"How](\"https:\/\/wellingtonhometeam.com\/wp-content\/uploads\/2025\/03\/How-Much-Money-Do-You-Keep-After-a-Home-Sale.png\" "\\"How")
<\/p>\nHow To Determine the Value of Your Home<\/strong><\/h2>\n
Comparative Market Analysis (CMA)<\/strong><\/h3>\n
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Home Appraisal<\/strong><\/h3>\n
![\"How](\"https:\/\/wellingtonhometeam.com\/wp-content\/uploads\/2025\/03\/How-To-Determine-the-Value-of-Your-Home.png\" "\\"How")
During an appraisal, the appraiser inspects the home\u2019s size, condition, layout, upgrades, and overall appeal. They also analyze recent sales of similar properties, comparable homes, to determine a fair market value. Factors like neighborhood trends and current market conditions are also considered in the valuation process.<\/p>\nOnline Home Valuation Tools<\/strong><\/h3>\n
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\n\t\tWondering how much money you\u2019ll pocket after selling your home? This guide shows you how to figure out your net proceeds and avoid unexpected costs. #realestate #homeselling\t<\/span><\/p>\nHome Value VS Home Sale Price<\/strong><\/h2>\n
Expenses and Closing Costs to Deduct<\/strong><\/h2>\n
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![\"What](\"https:\/\/wellingtonhometeam.com\/wp-content\/uploads\/2025\/03\/What-Closing-Costs-Do-Home-Sellers-Have-to-Pay.png\" "\\"How")
Closing Costs<\/strong><\/big><\/p>\n\n
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Defining Net Proceeds<\/strong><\/h2>\n
Final Thoughts<\/strong><\/h2>\n
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\n\t\tWondering how much money you\u2019ll pocket after selling your home? This guide shows you how to figure out your net proceeds and avoid unexpected costs. #realestate #homeselling\t<\/span><\/p>\nAbout the Author<\/strong><\/h3>\n
How Much Money Do You Keep After a Home Sale?<\/strong><\/h4>\n<\/p><\/div>\n\n","protected":false},"excerpt":{"rendered":"