Everyone wants to know how much money they are going to get from the sale of their home. After you've been given an estimate of market value, you can then more accurately calculate the amount of profit you can realize. It can be particularly useful as you start looking for another home to buy, to figure out how much you can put down, or how much of your debt you can eliminate, which will allow you to qualify for more house.

Remember, no one can tell you exactly what your net proceeds will be due to the fact many of the costs won't be known until the process is underway, and the actual closing date has been set. The actual closing date will determine some of the fees involved such as taxes, insurances, and the ordering of some reports such as the and documentation preparation.

Don't forget that there can be numerous fees involved with the selling of your home. From the estimated suggested sales price, subtract:

• Payoff balance on your present loan(s)

• Any prepayment penalty on your mortgage(s)

• The broker's commissions

• Attorney's fees or escrow fees

• Any unpaid property taxes

• Title insurance

• Termite inspection

In addition, I can tell you whether local customs or rules expects the buyer or seller to pay for the following items:

• Title insurance premium

• Transfer taxes

• Possible survey fees

• Possible repairs for termite damage

• Recording & documentation fees

• HOA transfer fees and document preparation

Some of the payments of closing costs can be negotiated between you and your eventual buyer, some you are required to pay. I will help you in estimating what your final closing costs will be based on current past sales I was involved in.

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