How Much Will I Make When Selling My Home?
Selling a home involves more than just the sale price. Use this calculator to get a realistic estimate of what you'll actually walk away with, based on your mortgage payoff, closing costs, and typical selling expenses in Hampton Roads.
Your numbers
$356,000
- Listing agent commission$12,000
- Selling (buyer's) agent commission$12,000
- Buyer closing cost assistance$12,000
- Seller closing costs$4,000
- Home inspection repairs$4,000
Total selling costs
$44,000
Costs as % of value
11.0%
Estimate only. Commissions are negotiable, and your actual costs depend on your contract, the buyer's requests and your title company.
What's typically deducted when you sell
Real estate commission
Usually the largest cost. It's a negotiated percentage of the sale price, split between the listing and buyer's agents at closing.
Mortgage payoff
Your remaining loan balance, plus any interest owed up to closing day, is paid directly to your lender from the sale.
Title and closing fees
Settlement, title and recording fees cover the paperwork that transfers ownership. Your title company gives you an exact breakdown.
Virginia transfer taxes
Virginia charges a grantor's tax on the sale, which is typically paid by the seller, along with other recording taxes set by the contract.
Prorated taxes and HOA dues
You pay property taxes and any HOA dues up to your closing date, settled between you and the buyer at closing.
For a full explanation of these costs, read What Are Closing Costs When Selling a House in Virginia? Buying your next home too? Try the mortgage calculator.
Questions About Selling Costs and Net Proceeds
How much does it cost to sell a house in Virginia?
Most sellers spend somewhere between 6% and 10% of the sale price once commission, closing costs, any buyer closing cost help and repairs are added up. Your exact number depends on your contract and the home, which is why a personalized estimate is worth getting before you list.
Do I pay closing costs when I sell my home?
Yes. Sellers usually pay their share of settlement and title fees, the Virginia grantor's tax, recording fees and prorated property taxes or HOA dues. Buyers may also ask you to help with their closing costs as part of the offer.
How is real estate commission calculated?
Commission is a percentage of the final sale price, agreed on in your listing agreement and paid at closing. It is negotiable, and it is usually split between the listing agent and the buyer's agent.
What happens if I owe more than my home is worth?
If your payoff is higher than what the home will sell for, you may need to bring money to closing or ask your lender to approve a short sale. I can walk you through the options and help you talk to your lender early.
Can I get an accurate estimate before I list?
Yes. The calculator gives a quick ballpark, but I can prepare a detailed net sheet using a pricing analysis for your home, your actual mortgage payoff and local closing costs, free and with no obligation.
Want an accurate net proceeds estimate?
The calculator is a starting point. Share your details and I'll prepare a personalized net sheet for your home, using your real payoff and local closing costs.