Sale price
Start with a realistic expected sale price rather than an optimistic list price.
Seller net proceeds
The sale price is not the amount you walk away with.
A seller net sheet estimates how much equity remains after mortgage payoff and transaction costs. That number can determine the financing strategy for the next home.
Mortgage payoff
The actual payoff can differ from the principal balance because of accrued interest and other amounts due.
Selling costs
Broker compensation, escrow, title, transfer taxes, recording, and other costs can affect proceeds.
Repairs and credits
Inspection negotiations, repairs, concessions, and seller credits may reduce the final net amount.
Taxes and assessments
Property taxes, HOA balances, assessments, or other prorations can affect settlement.
Next purchase
Estimated net proceeds can be incorporated into the down payment, reserves, or cash strategy for the replacement property.