Home sale
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Understanding the net proceeds from your home sale.

Net proceeds are the profits you'll walk away with after the sale of your home. It's not just your sale price — you need to subtract your remaining mortgage balance, agent commissions, closing costs, and all the expenses that go into preparing and selling a home.

The true costs of selling a house

Most sellers underestimate how much it costs to sell. On a $400,000 home, total selling costs typically range from $32,000 to $44,000 (8-11% of the sale price). Here's where that money goes:

• Agent commissions (5-6%): Traditionally split between the listing agent and buyer's agent. This is the single largest cost — $20,000-$24,000 on a $400,000 home. With Beycome, you eliminate the listing agent fee entirely.
• Closing fees (0.5-1%): Title insurance, escrow fees, attorney fees, and recording fees paid at closing.
• Taxes (1-2%): Transfer taxes, prorated property taxes, and any applicable state or local taxes.
• Repairs and improvements (varies): Pre-inspection repairs, painting, landscaping, and fixes identified during the buyer's inspection.
• Staging and cleaning ($1,500-$6,000): Professional staging, deep cleaning, and decluttering to make your home show-ready.
• Moving costs ($500-$2,000+): Professional movers, truck rentals, packing supplies, and temporary storage.

What happens to your mortgage when you sell?

When you sell your home, the sale proceeds first go toward paying off your remaining mortgage balance. The title company or closing attorney handles this directly — they pay your lender from the proceeds before you receive anything. If your home has appreciated since you bought it, the difference between your sale price and your remaining balance (minus costs) is your profit. Understanding your loan-to-value ratio helps you estimate how much equity you've built.

How home equity is calculated

Home equity = current market value minus remaining mortgage balance. On a home worth $400,000 with $200,000 remaining on the mortgage, you have $200,000 in equity. But equity is not the same as profit — you still need to subtract all selling costs (8-11%) to get your actual net proceeds. If you need to access equity before selling, a HELOC lets you borrow against it.

What is a real estate net sheet?

A net sheet is a document that estimates your net proceeds from a home sale. It itemizes every cost — mortgage payoff, commissions, closing fees, taxes, and repairs — to show what you'll actually take home. Traditionally, your listing agent prepares this for you. With Beycome, this calculator serves the same purpose — and you can run unlimited scenarios by adjusting the inputs.

When does the seller receive payment?

After closing, the escrow or title company distributes funds. Your mortgage lender is paid first, then all closing costs and fees are deducted. The remaining net proceeds are typically wired to your bank account or delivered by check within 1-3 business days after closing. In some states, same-day wire transfers are standard.

Resources.

Everything you need to understand the costs of selling your home.

Frequently asked questions.