Quick answer: Your walk away amount, called net proceeds, is your sale price minus agent commission, closing and title costs, any remaining mortgage payoff, and prorated taxes. It is the only number that really matters, and a good agent shows it to you before you list. Start with your free home value.
Sellers fixate on the sale price, then get surprised at closing. The number that actually matters is your net proceeds, what lands in your bank account after every cost is paid.
The main deductions are the agent commission, closing and title fees, your remaining mortgage payoff, and prorated property taxes (in Ohio, often paid in arrears, so you credit the buyer for your ownership period). Any pre sale updates you chose are costs too.
Net proceeds equals sale price minus commission minus closing costs minus mortgage payoff minus taxes. Whatever is left is your equity, the money you actually walk away with and can put toward your next move.
You should never list your home without seeing an estimated net sheet first. It lets you plan your next step with a real number instead of a surprise. We prepare one for every seller, free. Get yours at your free home value or call us at (440) 879-8266.
What are net proceeds when selling a home? The money you keep after all selling costs, sale price minus commission, closing costs, mortgage payoff, and taxes.
How do I calculate what I will walk away with? Start with your expected sale price and subtract commission, closing and title costs, your mortgage payoff, and prorated taxes.
What is a net sheet? An estimate of your net proceeds, provided before you list so there are no surprises.
