- 9841 Washingtonian Blvd #200 Gaithersburg, MD 20878
From “Sold” to Your Bank Account: What Do You Really Take Home?
Seeing the Sold sign go up is exciting—but what actually ends up in your bank account depends on more than just the sales price. Many first-time sellers are surprised by the steps between closing day and their final deposit.
That’s why we created this simple guide to understanding a Seller’s Net Sheet—the document that shows exactly how much you’ll walk away with after closing.
Selling Price ≠ Net Proceeds
The number on your contract isn’t the number you take home. Your Net Proceeds reflect what remains after key closing costs are deducted, including:
1. Mortgage Payoff
Typically the largest deduction. This includes your remaining loan balance, accrued interest, and any lender or recording fees.
2. Brokerage Commissions
Professional representation helps you maximize value, negotiate effectively, and navigate the legal process. Commissions are usually a percentage of the final sale price (4% in this example).
3. Transfer & Recordation Taxes
Local and state fees required to legally transfer ownership of the property to the buyer.
4. Repairs & Required Certifications
Inspection credits, negotiated repairs, or mandatory certifications (such as termite inspections) are settled at closing.
Why a Customized Net Sheet Is Essential
In the example shown, a homeowner nets $175,970 from an $855,000 sale. However, your results will vary based on:
– Your current mortgage balance
– Local tax rates
– Negotiated repairs or seller credits
Pro Tip: Don’t wait until you’re under contract. Reviewing a preliminary net sheet before listing helps you price strategically and plan your next move with confidence.
Get Your Personalized Net Proceeds Breakdown
Wondering what your real “walk-away” number looks like in today’s market? We’ll create a custom Net Proceeds Breakdown tailored to your home, location, and current market conditions—so there are no surprises at closing.
📩 Contact us today to get started.