Home Sale Proceeds Calculator | Estimate Seller Net

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Paul Wolfert Real Estate

(734) 743-1482 [email protected]

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28478 WOODWARD AVE
ROYAL OAK, MI 48067

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Frequently Asked Questions

Sell your home faster

It estimates how much money you may walk away with after selling, once your mortgage payoff and common selling costs are subtracted from the sale price.

Common seller costs include real estate commission, state and county transfer taxes, title insurance, prorated property taxes, and any repairs or credits agreed with the buyer.

Michigan charges a state transfer tax of $3.75 per $500 of the sale price and a county transfer tax of $0.55 per $500. The seller usually pays both, and some sellers may qualify for an exemption on the state tax.

The results are an estimate. Paul can give you a detailed net sheet based on your actual mortgage balance, sale price, and local costs.