How much will I make on My House
To calculate how much money you would make selling your house, you need to consider various fees, taxes, and costs associated with the sale. Here's a breakdown of the typical expenses and how to estimate your net proceeds:
The most significant expense is typically the real estate agent commission. In 2025, the average total commission is 5.32% of the sale price, split between the listing agent (2.74%) and the buyer's agent (2.58%)46.
Sellers can expect to pay 1% to 4% of the sale price in closing costs3. These may include:
Title fees (0.5%-1%)
Settlement fees (1%)
Transfer or excise tax (0.1%-3%)
Other miscellaneous fees
Preparing your home for sale can cost 1% to 4% of the sale price1. This may include:
Staging (0.25%-1%)
Repairs and updates (0.2%-4%)
Professional cleaning and decluttering
Let's use an example to illustrate the potential costs and net proceeds:
Assume your house sells for $500,000:
Real Estate Commission: $26,600 (5.32%)
Closing Costs: $15,000 (3%)
Home Preparation: $7,500 (1.5%)
Total Selling Costs: $49,100 (9.82% of sale price)
Gross Sale Price: $500,000
Total Selling Costs: $49,100
= Net Proceeds: $450,900
Mortgage Payoff: If you have an outstanding mortgage, this will be paid from your proceeds.
Capital Gains Tax: Depending on your situation, you may owe capital gains tax on the profit from your home sale.
State-Specific Costs: Some states have higher transfer taxes or other fees. For example, in Ohio, the average total commission is 5.60%, slightly higher than the national average8.
Conclusion
On average, sellers can expect to spend between 10% to 15% of their home's sale price on various selling costs3. To get a more accurate estimate for your specific situation, consider consulting with a local real estate agent or using an online home sale proceeds calculator.
Remember that while these costs can seem substantial, many of them contribute to maximizing your home's sale price and ensuring a smooth transaction.
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