Ep101 “How Much Will I Walk Away with at Closing?!”

Welcome back everyone to “The Really REAL Real Estate Podcast!” When meeting with a seller for the first time, one of the questions that almost always comes up is “How much money will I walk away with at closing?” Today, we talk about a simple mathematical approach to estimating how much your closing costs will be when it comes to selling your home and how much you can expect to take home after your closing costs are deducted from the purchase price. TALKING POINTS (3-5): - Introduction - THIS IS ONLY AN ESTIMATED WAY OF DETERMINING YOUR FINAL NET PROCEEDS!!! - Basic four-part breakdown of a seller’s closing costs - Mortgage/HELOC - Transfer stamp - Realtor’s commission - Title costs - Other potential closing costs - Unpaid taxes - Unpaid water/sewage bills - Unpaid liens - i.e. mechanic’s lien - Inheritance tax - Don’t forget to prorate the taxes! - Credits – Debits = Seller’s Net Proceeds - Final thoughts - THIS IS ONLY AN ESTIMATED WAY OF DETERMINING YOUR FINAL NET PROCEEDS!!! HASH TAGS: #money #sellingmyhouse #howmuchwilliget #netproceeds LINKS: JASON: https://jasonwilcox.cbintouch.com/ https://www.zillow.com/profile/jasonwilcox1987/ https://www.youtube.com/channel/UCrRksfKiMNteHKYRYrinAug?view_as=subscriber https://www.facebook.com/jason.wilcox.186 https://twitter.com/jason_wilcox1 https://www.instagram.com/jason.wilcox1/ CONTACT INFORMATION: JASON: Cell Phone: 412-651-4638 Email: [email protected]