Worksheet 7: Proceeds from the Sale of My House
Use this worksheet to compute the estimated proceeds from the sale of your house, taking into account the costs of selling it and moving. To establish a ballpark sales price, use an appraisal, a comparative market analysis provided by a real estate agent, or real estate advertisements.
| Estimated Sales Price | 1. $__________ | |
Selling Expenses |
$__________ |
|
| –––Realtor’s commission | $__________ | |
| –––Fix-up costs associated with sale | $__________ | |
| –––Seller’s portion of closing costs, if any | $__________ | |
| –––Amount required to pay off mortgage(s) | $__________ | |
| –––Real estate transfer tax to state | $__________ | |
| –––Other sales costs | $__________ | |
Total of Selling Expenses |
2. $__________ |
|
Cost of New Home |
3. $__________ |
|
Moving Expenses |
4. $__________ |
|
Estimated Proceeds from Sale (line 1 minus lines 2, 3, and 4) |
5. $__________ |