How to Calculate Home Sale Net Proceeds
Every deduction between the sale price and the cheque you actually receive.
How this number is built
Calculating it yourself
Step 1
Use a realistic sale price from recent comparables, not a listing price.
Step 2
Get the exact mortgage payoff figure from your servicer — it includes interest to the closing date.
Step 3
Confirm the commission split in the listing agreement; it is negotiable.
Step 4
Check your local transfer tax, which varies enormously between counties.
Step 5
Work out the cost basis including improvements, since it directly reduces taxable gain.
What people ask next
What counts toward cost basis?
The purchase price plus capital improvements such as a new roof or an addition. Routine repairs and maintenance do not count.
Can I avoid capital gains tax entirely?
If the home was your primary residence for two of the last five years, a substantial exclusion applies and most sellers owe nothing.
Searches this page answers
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