Calculating the Net Proceeds from the Sale of your Home

Your first step in calculating what you'll net from your sale is to set a realistic price for your home. Please know that the amount you want to get from your home has absolutely no bearing on your home's value. Reverse-engineering your asking price based upon what you want to net will bring you nothing but heartache.

In a sale with conventional financing in Anchorage, Eagle River, the MatSu Valley, or Girdwood, the Seller is traditionally responsible for the following costs:

- Real Estate Commission (6%-8% of the selling price)

- 1/2 of the Recording Fee (about $50 each side)

- 1/2 of the Escrow Closing Fee (about $0.50 for every $1,000 of the sales price over $50,000, plus $100)

- The Owners Title Insurance Policy (about $3 for every $1,000 of the sales price over $100,000, plus $582)

- The Tax Registration Fee (about $76)

- Appraisal ($400 - $600)

- Document Prep Fee ($200)

- As-Built Survey ($125)

If we look at a $225,000 sale, it looks like this:

Sales Price $225,000

Recording Fee $50

Escrow Closing Fee $187.50

Owners Title Policy $957

Tax Registration Fee $76

Appraisal $500

Document Prep Fee $200

As-Built Survey $125

Leaving you with about $209,404.50 before paying off your loan(s). Call your lender(s) for exact details of how to pay off your loan(s) and how much it will be. Subtract that from your selling price net of closing costs, and that's your bottom line!